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These 3 Top-Ranked Mutual Funds Will Help Boost Your Retirement Portfolio September 15, 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.

Baird Midcap Institutional (BMDIX) has a 0.82% expense ratio and 0.75% management fee. BMDIX is a Mid Cap Growth mutual fund. Mid Cap Growth funds pick stocks--usually companies with a market cap between $2 billion and $10 billion--that demonstrate extensive growth opportunities for investors compared to their peers. With yearly returns of 11.58% over the last five years, this fund clearly wins.

T. Rowe Price Blue Chip Growth Adviser (PABGX). Expense ratio: 0.96%. Management fee: 0.55%. PABGX 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. This fund has managed to produce a robust 15.88% over the last five years.

Franklin Small-Mid Cap Growth R (FSMRX) is an attractive large-cap allocation. FSMRX is a Small Cap Growth mutual fund building their portfolio around stocks with market caps under $2 billion and large growth opportunities. FSMRX has an expense ratio of 1.11%, management fee of 0.46%, and annual returns of 11.01% over the past five years.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.

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