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!
How can you tell a good mutual fund from a bad one? It’s pretty basic: if the fund is diversified, has low fees, and shows strong performance, it’s a keeper. Of course, there’s a wide range, but using our Zacks Rank, we’ve found three mutual funds that would be great additions to any long-term retirement investors’ portfolios.
Let’s take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.
If you are looking to diversify your portfolio, consider Hartford Stock HLS IB (HIBSX). HIBSX 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 is a winner, boasting an expense ratio of 0.77%, management fee of 0.48%, and a five-year annualized return track record of 11.35%.
VY T. Rower Price Diversified Mid Cap Growth Advisor (IAXAX) is a stand out amongst its peers. IAXAX 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. With five-year annualized performance of 12.1%, expense ratio of 1.28% and management fee of 0.74%, this diversified fund is an attractive buy with a strong history of performance.
BlackRock Advantage Large Cap Growth I (CMVIX): 0.62% expense ratio and 0.57% management fee. CMVIX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.49% over the last 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.
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