Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
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 our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Let's break down some of the mutual funds with the highest Zacks Rank and the lowest fees.
JPMorgan Growth Advantage R6 (JGVVX - Free Report) : 0.64% expense ratio and 0.55% management fee. JGVVX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. JGVVX has achieved five-year annual returns of an astounding 15.24%.
MSIF Global Franchise I (MSFAX - Free Report) . Expense ratio: 0.91%. Management fee: 0.76%. MSFAX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. This fund has managed to produce a robust 12.51% over the last five years.
MassMutual Select Mid Cap Growth R3 (MEFNX - Free Report) : 1.41% expense ratio and 0.69% management fee. MEFNX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. With a five-year annual return of 12.3%, 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 "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
Do You Know the Top 9 Retirement Investing Mistakes?
Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.