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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio?

Zacks Equity Research
·2-min read

It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.

The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.

Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.

Neuberger Berman Guardian R3 (NGDRX): 1.36% expense ratio and 0.74% management fee. NGDRX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. NGDRX has achieved five-year annual returns of an astounding 13.48%.

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Fidelity OTC Portfolio (FOCPX) is a stand out amongst its peers. FOCPX 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 five-year annualized performance of 13.87%, expense ratio of 0.84% and management fee of 0.66%, this diversified fund is an attractive buy with a strong history of performance.

Nationwide Fund Institutional Service Class (MUIFX): 0.62% expense ratio and 0.53% management fee. MUIFX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 10.91% over the last five years.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.


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Zacks Investment Research