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T. Rowe Price Mid-Cap Growth R (RRMGX) - free report >>
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T. Rowe Price Mid-Cap Growth R (RRMGX) - free report >>
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3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio
It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Invesco Growth and Income R5 (ACGQX - Free Report) : 0.49% expense ratio and 0.36% management fee. ACGQX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With annual returns of 10.18% over the last five years, this fund is a winner.
Ivy Large Cap Growth I (IYGIX - Free Report) : 0.64% expense ratio and 0.61% management fee. IYGIX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. IYGIX, with annual returns of 17.62% over the last five years, is a well-diversified fund with a long track record of success.
T. Rowe Price Mid-Cap Growth R (RRMGX - Free Report) : 1.29% expense ratio and 0.61% management fee. RRMGX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With a five-year annual return of 9.12%, this fund is a well-diversified fund with a long track record of success.
There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.