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These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio August 10, 2020

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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.

The easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using our Zacks Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

If you are looking to diversify your portfolio, consider State Street Institutional Premier Growth Equity Services . SSPSX 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. This fund is a winner, boasting an expense ratio of 0.65%, management fee of 0.38%, and a five-year annualized return track record of 14.23%.

Dreyfus/Boston Small/Mid-Cap Growth I (SDSCX - Free Report) is a stand out amongst its peers. SDSCX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks--usually companies with a market cap between $2 billion and $10 billion--that demonstrate extensive growth opportunities for investors compared to their peers. With five-year annualized performance of 16.43%, expense ratio of 0.74% and management fee of 0.6%, this diversified fund is an attractive buy with a strong history of performance.

PIMCO StocksPLUS Admiral : 0.75% expense ratio and 0.5% management fee. PPLAX is an Allocation Balanced mutual fund. Allocation Balanced funds look to invest across asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual; these funds are mostly categorized by their respective asset allocation. With a five-year annual return of 10.11%, this fund is a well-diversified fund with a long track record of success.

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.

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


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