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These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio August 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!

The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Our Zacks Rank covers over 19,000 mutual funds has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.

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

T. Rowe Price New America Growth (PRWAX - Free Report) has a 0.78% expense ratio and 0.64% management fee. PRWAX 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 16.54% over the last five years, this fund clearly wins.

DFA Enhanced US Large Company I (DFELX - Free Report) is a stand out amongst its peers. DFELX 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 five-year annualized performance of 10.57%, expense ratio of 0.15% and management fee of 0.12%, this diversified fund is an attractive buy with a strong history of performance.

MSIF Small Company Growth Portfolio I (MSSGX - Free Report) is an attractive large-cap allocation. MSSGX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. MSSGX has an expense ratio of 0.99%, management fee of 0.92%, and annual returns of 15.08% over the past five years.

So, there you have it - if your advisor has you invested in any of our "Magnificent Retirement Mutual Funds," they are certainly earning their keep. If not, you may want to look elsewhere.

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.

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