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3 Top-Ranked Mutual Funds for Your Retirement - January 29, 2020

Zacks Equity Research
·2-min read

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.

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 learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

If you are looking to diversify your portfolio, consider Oppenheimer Discovery R (ODINX). ODINX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. This fund is a winner, boasting an expense ratio of 1.33%, management fee of 0.63%, and a five-year annualized return track record of 12.3%.

MFS Mid-Cap Growth R6 (OTCKX): 0.74% expense ratio and 0.71% management fee. OTCKX 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 yearly returns of 14.09% over the last five years, OTCKX is an effectively diversified fund with a long reputation of solidly positive performance.

Vanguard PRIMECAP Fund Investor (VPMCX) is an attractive large-cap allocation. VPMCX 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. VPMCX has an expense ratio of 0.38%, management fee of 0.36%, and annual returns of 11.94% over the past 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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Zacks Investment Research