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3 Top-Ranked Mutual Funds for Your Retirement - January 23, 2020

If you're invested in any of the funds in our "Magnificent Retirement Mutual Funds" list, congratulations on owning some of the best managed and top-performing mutual funds. If you are lucky enough to discover our list of Top-Ranked Funds for the first time, it's never too late to start investing with the best, especially when it comes to your retirement.

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.

Let's take a look at some of the highest Zacks Ranked mutual funds with the lowest fees.

Fidelity Stock Selector Allocation Cap K (FSSKX): 0.55% expense ratio and 0.49% management fee. FSSKX 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 annual returns of 10.76% over the last five years, this fund is a winner.

JPMorgan Mid Cap Growth Fund A (OSGIX). Expense ratio: 1.23%. Management fee: 0.65%. OSGIX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. This fund has managed to produce a robust 10.57% over the last five years.

MFS Global New Discovery R4 (GLNMX). Expense ratio: 1.26%. Management fee: 0.98%. Five year annual return: 11.19%. GLNMX 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.

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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