Back to top

Image: Bigstock

Make the Most of Your Retirement with These Top-Ranked Mutual Funds - June 03, 2020

Read MoreHide Full Article

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.

Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.

Laudus US Large Cap Growth (LGILX - Free Report) has a 0.74% expense ratio and 0.63% management fee. LGILX 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. With yearly returns of 10.55% over the last five years, this fund clearly wins.

Fidelity Select Software & Company Services (FSCSX - Free Report) : 0.7% expense ratio and 0.54% management fee. FSCSX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With yearly returns of 16.74% over the last five years, FSCSX is an effectively diversified fund with a long reputation of solidly positive performance.

T. Rowe Price New Horizons (PRNHX - Free Report) is an attractive large-cap allocation. PRNHX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion. PRNHX has an expense ratio of 0.76%, management fee of 0.64%, and annual returns of 11.82% 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.

Published in