These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio September 29, 2020

The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for 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.

Let's break down some of the mutual funds with the highest Zacks Rank and the lowest fees.

Fidelity Advisor Series Equity Gr (FMFMX) has a 0.01% expense ratio and 0% management fee. FMFMX 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 16.61% over the last five years, this fund clearly wins.

American Beacon SGA Global Growth Investor (SGAPX): 1.13% expense ratio and 0.8% management fee. SGAPX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography. With yearly returns of 14.32% over the last five years, SGAPX is an effectively diversified fund with a long reputation of solidly positive performance.

VY T. Rower Price Diversified Mid Cap Growth Advisor (IAXAX): 1.27% expense ratio and 0.74% management fee. IAXAX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With a five-year annual return of 11.23%, this fund is a well-diversified fund with a long track record of success.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.

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