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Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?- September 28, 2020
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If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to 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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
Principal Large Cap Growth I A (PLGAX - Free Report) has a 1% expense ratio and 0.6% management fee. PLGAX 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 11.96% over the last five years, this fund clearly wins.
Goldman Sachs Small/Mid-Cap Growth IR (GTMTX - Free Report) : 0.99% expense ratio and 0.85% management fee. GTMTX 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. GTMTX, with annual returns of 11.19% over the last five years, is a well-diversified fund with a long track record of success.
Alger Health Sciences Z (AHSZX - Free Report) : 0.73% expense ratio and 0.55% management fee. AHSZX is part of the Sector - Health category, offering investors a focus on the healthcare industry, one of the largest sectors in the American economy. With a five-year annual return of 11.12%, this fund is a well-diversified fund with a long track record of success.
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.
Image: Bigstock
Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?- September 28, 2020
If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to 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.
Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.
Principal Large Cap Growth I A (PLGAX - Free Report) has a 1% expense ratio and 0.6% management fee. PLGAX 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 11.96% over the last five years, this fund clearly wins.
Goldman Sachs Small/Mid-Cap Growth IR (GTMTX - Free Report) : 0.99% expense ratio and 0.85% management fee. GTMTX 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. GTMTX, with annual returns of 11.19% over the last five years, is a well-diversified fund with a long track record of success.
Alger Health Sciences Z (AHSZX - Free Report) : 0.73% expense ratio and 0.55% management fee. AHSZX is part of the Sector - Health category, offering investors a focus on the healthcare industry, one of the largest sectors in the American economy. With a five-year annual return of 11.12%, this fund is a well-diversified fund with a long track record of success.
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.