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Fools usually prefer an S&P 500 Index fund as your core investment if you are offered one. You don't have one. So a large cap growth fund is your closest alternative.

So I would begin by checking out this one on Morningstar.com.

MainStay Large Cap Growth A

How does it perform in returns for 1, 3, 5, 10 years compared to the S&P 500? If it meets or exceeds, I would go with this as your core investment.

For diversification, you can have it as low as 50% of your investments. And then spread the rest between international, small cap and mid caps--provided they are good performing compared to their indexes, and none less than 3 stars in the Morningstar rating system.

Don't over react to 12b-1 fees and expense ratios. Your concern is how they perform after fees. If performance far exceeds the indexes, higher fees can be well worth it. But do not accept a high fee fund that under performs the indices.

The jury is still out on Freedom funds. They are supposed to give you a mix of bonds and stock that increases in bonds as you get closer to retirement. But Fools don't retire on bonds. You want to hold stocks even in retirement because you expect to be retired for over 30 years and you need inflation protection. So personally, Freedom funds are not for me. I can do better.
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