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.
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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
Oppenheimer Discovery I (ODIIX): 0.67% expense ratio and 0.63% management fee. ODIIX 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. With annual returns of 11.74% over the last five years, this fund is a winner.
BlackRock (NYSE:BLK) Advantage Large Cap Growth S (CMVSX): 0.87% expense ratio and 0.57% management fee. CMVSX 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 yearly returns of 12.17% over the last five years, CMVSX is an effectively diversified fund with a long reputation of solidly positive performance.
Thrivent Mid Cap Stock Fund A (AASCX): 1.04% expense ratio and 0.63% management fee. AASCX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With a five-year annual return of 10.14%, 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