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Fidelity Select Technology (FSPTX) - free report >>
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Fidelity Select Technology (FSPTX) - free report >>
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3 Top-Ranked Mutual Funds for Your Retirement
There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Fidelity Select Technology (FSPTX - Free Report) : 0.68% expense ratio and 0.53% management fee. FSPTX is part of the Sector - Tech mutual fund category that invests in technology and lets investors own a stake in a notoriously volatile sector, but with a much more diversified approach. FSPTX has achieved five-year annual returns of an astounding 23.37%.
JPMorgan Mid Cap Growth Fund R5 (JMGFX - Free Report) is a stand out amongst its peers. JMGFX 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 five-year annualized performance of 13.45%, expense ratio of 0.79% and management fee of 0.65%, this diversified fund is an attractive buy with a strong history of performance.
Principal Large Cap Growth I R1 (PCRSX - Free Report) . Expense ratio: 1.47%. Management fee: 0.6%. Five year annual return: 13.47%. PCRSX 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.
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.