Back to top

Image: Bigstock

3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio- June 22, 2020

Read MoreHide Full Article

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.

The easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using our Zacks Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.

Let's break down some of the mutual funds with the highest Zacks Rank and the lowest fees.

T. Rowe Price Blue Chip Growth R (RRBGX - Free Report) has a 1.22% expense ratio and 0.55% management fee. RRBGX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. With yearly returns of 10.15% over the last five years, this fund clearly wins.

Fidelity Select Electronics (FSELX - Free Report) . Expense ratio: 0.71%. Management fee: 0.54%. FSELX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. This fund has managed to produce a robust 14.17% over the last five years.

Riverbridge Growth Fund Investor (RIVRX - Free Report) . Expense ratio: 1.21%. Management fee: 0.75%. Five year annual return: 10.32%. RIVRX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks--usually companies with a market cap between $2 billion and $10 billion--that demonstrate extensive growth opportunities for investors compared to their peers.

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