Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds around. If you're already invested in these, congratulations! But if you're just now discovering them, don't worry. When it comes to your retirement, it's never too late to start investing in the best.
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.
VALIC Company II Socially Responsible Fund (VCSRX): 0.56% expense ratio and 0.25% management fee. VCSRX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a "buy and hold" mindset. With annual returns of 10.96% over the last five years, this fund is a winner.
MFS Mass Investors Growth Stock A (MIGFX): 0.7% expense ratio and 0.33% management fee. MIGFX 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 12.73% over the last five years, MIGFX is an effectively diversified fund with a long reputation of solidly positive performance.
Oppenheimer Discovery A (OPOCX). Expense ratio: 1.08%. Management fee: 0.63%. Five year annual return: 11.39%. OPOCX 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.
There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.
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.
This report can help you sidestep these costly mistakes and potentially achieve your retirement goals. Get Your FREE Guide Now
Get Your Free (MIGFX): Fund Analysis Report
Get Your Free (VCSRX): Fund Analysis Report
Get Your Free (OPOCX): Fund Analysis Report
Original post
Zacks Investment Research