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Hennessy Cornerstone Mid Cap 30 Inv (HFMDX) - free report >>
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Hennessy Cornerstone Mid Cap 30 Inv (HFMDX) - free report >>
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Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?
It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which 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 take a look at some of our top-ranked mutual funds with the lowest fees.
DFA US Large Cap Growth Institutional (DUSLX - Free Report) has a 0.18% expense ratio and 0.15% management fee. DUSLX 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. With yearly returns of 11.85% over the last five years, this fund clearly wins.
Fidelity Large Cap Stock Fund (FLCSX - Free Report) . Expense ratio: 0.68%. Management fee: 0.36%. FLCSX 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. This fund has managed to produce a robust 10.03% over the last five years.
Hennessy Cornerstone Mid Cap 30 Investor (HFMDX - Free Report) . Expense ratio: 1.35%. Management fee: 0.74%. Five year annual return: 8.88%. HFMDX is a Mid Cap Blend mutual fund that typically features a portfolio filled with stocks of various sizes and styles; it allows for a diversification strategy focusing on companies with market caps between $2 billion and $10 billion.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.