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3 Great Mutual Fund Picks for Your Retirement - June 05, 2020

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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.

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.

Brown Advisory Growth Equity Adviser (BAGAX - Free Report) : 1.09% expense ratio and 0.59% management fee. BAGAX 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. BAGAX has achieved five-year annual returns of an astounding 10.57%.

Fidelity Select Electronics (FSELX - Free Report) : 0.71% expense ratio and 0.54% management fee. With a much more diversified approach, FSELX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. FSELX, with annual returns of 14.17% over the last five years, is a well-diversified fund with a long track record of success.

Virtus KAR Small Cap Sustain Growth A (PSGAX - Free Report) : 1.37% expense ratio and 0.81% management fee. PSGAX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 14.48% over the last five years.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a 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.

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