Back to top

Image: Bigstock

Make the Most of Your Retirement with These Top-Ranked Mutual Funds - March 13, 2020

Read MoreHide Full Article

The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for your retirement.

Great performance, diversification, and low fees: it's a pretty simple formula for a great mutual fund. Some are better than others, but utilizing our Zacks Rank, we have identified three mutual funds that would make great additions to long-term investors' portfolios.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

If you are looking to diversify your portfolio, consider American Funds Growth Fund of America R4 (RGAEX - Free Report) . RGAEX 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. This fund is a winner, boasting an expense ratio of 0.67%, management fee of 0.27%, and a five-year annualized return track record of 12.35%.

Royce International Premier Fund Investment (RIPNX - Free Report) . Expense ratio: 1.13%. Management fee: 1%. RIPNX is a Non US - Equity fund. Many of these funds like to allocate across emerging and developed markets, and will often focus on all cap levels. This fund has managed to produce a robust 13.03% over the last five years.

T. Rowe Price Media & Telecomm (PRMTX - Free Report) . Expense ratio: 0.76%. Management fee: 0.64%. Five year annual return: 16.06%. PRMTX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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.

Published in