3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio - August 14, 2020
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.
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.
AB Large Cap Growth A (APGAX): 0.85% expense ratio and 0.51% management fee. APGAX 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 annual returns of 15.05% over the last five years, this fund is a winner.
T. Rowe Price Global Technology (PRGTX) is a stand out amongst its peers. PRGTX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With five-year annualized performance of 21.67%, expense ratio of 0.88% and management fee of 0.74%, this diversified fund is an attractive buy with a strong history of performance.
AllianzGI Mid-Cap Fund A (RMDAX) is an attractive large-cap allocation. RMDAX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. RMDAX has an expense ratio of 1.14%, management fee of 0.87%, and annual returns of 11.57% over the past five years.
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.
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