If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to 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.
BMO Large-Cap Growth Fund I (MLCIX): 0.54% expense ratio and 0.35% management fee. MLCIX 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. With annual returns of 13.4% over the last five years, this fund is a winner.
Janus Henderson Enterprise T (JAENX): 0.91% expense ratio and 0.64% management fee. JAENX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. JAENX, with annual returns of 14.32% over the last five years, is a well-diversified fund with a long track record of success.
JPMorgan (NYSE:JPM) Small Cap Growth Fund R6 (JGSMX). Expense ratio: 0.74%. Management fee: 0.65%. Five year annual return: 14.77%. JGSMX 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.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
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Zacks Investment Research