3 Top-Performing Mutual Funds To Consider For Your Retirement Portfolio- February 13, 2020
Zacks Investment Research | Feb 12, 2020 08:45PM ET
Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
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.
T. Rowe Price Institutional Mid-Cap Equity Growth (PMEGX) has a 0.61% expense ratio and 0.6% management fee. PMEGX 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 yearly returns of 13.4% over the last five years, this fund clearly wins.
JPMorgan (NYSE:JPM) Tax Aware Equity Institutional (JPDEX): 0.55% expense ratio and 0.35% management fee. JPDEX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. With yearly returns of 11.48% over the last five years, JPDEX is an effectively diversified fund with a long reputation of solidly positive performance.
Baron Global Advantage Fund Retail (BGAFX) is an attractive large-cap allocation. BGAFX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. BGAFX has an expense ratio of 1.15%, management fee of 0.85%, and annual returns of 15.18% over the past five years.
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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Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
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