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Boost Your Retirement Portfolio with These 3 Top Mutual Funds - July 21, 2020
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The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!
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.
Invesco Summit R5 (SMITX - Free Report) has a 0.77% expense ratio and 0.63% management fee. SMITX 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 yearly returns of 15.25% over the last five years, this fund clearly wins.
T. Rowe Price Dividend Growth Adviser (TADGX - Free Report) : 0.91% expense ratio and 0.49% management fee. TADGX 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 yearly returns of 10.15% over the last five years, TADGX is an effectively diversified fund with a long reputation of solidly positive performance.
Principal Mid Cap Growth J (PMGJX - Free Report) is an attractive large-cap allocation. PMGJX 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. PMGJX has an expense ratio of 0.97%, management fee of 0.65%, and annual returns of 10.39% 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.
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.
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Boost Your Retirement Portfolio with These 3 Top Mutual Funds - July 21, 2020
The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!
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.
Invesco Summit R5 (SMITX - Free Report) has a 0.77% expense ratio and 0.63% management fee. SMITX 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 yearly returns of 15.25% over the last five years, this fund clearly wins.
T. Rowe Price Dividend Growth Adviser (TADGX - Free Report) : 0.91% expense ratio and 0.49% management fee. TADGX 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 yearly returns of 10.15% over the last five years, TADGX is an effectively diversified fund with a long reputation of solidly positive performance.
Principal Mid Cap Growth J (PMGJX - Free Report) is an attractive large-cap allocation. PMGJX 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. PMGJX has an expense ratio of 0.97%, management fee of 0.65%, and annual returns of 10.39% 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.
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.