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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? - February 11, 2020

Zacks Equity Research
·2-min read

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.

Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.

MassMutual Select Equity Opportunities I (MFVZX): 0.74% expense ratio and 0.69% management fee. MFVZX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With annual returns of 10.84% over the last five years, this fund is a winner.

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MFS Mass Investors Growth Stock A (MIGFX): 0.71% expense ratio and 0.33% management fee. MIGFX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. MIGFX, with annual returns of 12.73% over the last five years, is a well-diversified fund with a long track record of success.

T. Rowe Price Mid-Cap Growth R (RRMGX). Expense ratio: 1.27%. Management fee: 0.61%. Five year annual return: 12.17%. RRMGX 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.

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.

Do You Know the Top 9 Retirement Investing Mistakes?

Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.

To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.


This report can help you sidestep these costly mistakes and potentially achieve your retirement goals. Get Your FREE Guide Now
 
Get Your Free (MFVZX): Fund Analysis Report
 
Get Your Free (RRMGX): Fund Analysis Report
 
Get Your Free (MIGFX): Fund Analysis Report
 
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