The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for your retirement.
How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Let's break down some of the mutual funds with the highest Zacks Rank and the lowest fees.
BlackRock (NYSE:BLK) Advantage Large Cap Growth R (BMCRX): 1.12% expense ratio and 0.57% management fee. BMCRX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. With annual returns of 10.27% over the last five years, this fund is a winner.
JPMorgan (NYSE:JPM) Small Cap Growth Fund R6 (JGSMX) is a stand out amongst its peers. JGSMX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. With five-year annualized performance of 14.09%, expense ratio of 0.74% and management fee of 0.65%, this diversified fund is an attractive buy with a strong history of performance.
Virtus KAR Small-Cap Core I (PKSFX): 1.02% expense ratio and 0.75% management fee. PKSFX is a Small Cap Blend mutual fund, and usually targets stocks with market caps of less than $2 billion, letting investors diversify their funds among other kinds of small-cap equities. With a five-year annual return of 17.9%, this fund is a well-diversified fund with a long track record of success.
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.
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Zacks Investment Research