money Make the Most of Your Retirement with These Top-Ranked Mutual Funds - August 12, 2020
The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!
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 take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
If you are looking to diversify your portfolio, consider Alger Capital Appreciation Z (ACAZX). ACAZX 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 0.85%, management fee of 0.77%, and a five-year annualized return track record of 13.14%.
MSIF International Advantage I (MFAIX). Expense ratio: 0.98%. Management fee: 0.78%. MFAIX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography. This fund has managed to produce a robust 12.98% over the last five years.
Goldman Sachs Small/Mid-Cap Growth Service Class (GSMQX) is an attractive large-cap allocation. GSMQX 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. GSMQX has an expense ratio of 1.43%, management fee of 0.85%, and annual returns of 10.75% over the past five years.
So, there you have it - if your advisor has you invested in any of our "Magnificent Retirement Mutual Funds," they are certainly earning their keep. If not, you may want to look elsewhere.
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.
This report can help you sidestep these costly mistakes and potentially achieve your retirement goals. Get Your FREE Guide Now
Get Your Free (ACAZX): Fund Analysis Report
Get Your Free (GSMQX): Fund Analysis Report
Get Your Free (MFAIX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
