3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio
There is never a wrong time to invest in mutual funds for retirement. So, if you’re still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.
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 the Zacks Mutual Fund Rank, we’ve found three mutual funds that would be great additions to any long-term investors’ portfolios.
Let’s break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
JHancock Global Shr/Hlder Yld R2 (JGSRX) has a 1.22% expense ratio and 0.8% management fee. JGSRX 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. With yearly returns of 12.54% over the last five years, this fund clearly wins.
American Funds Investor Company of America 529F (CICFX) is a stand out amongst its peers. CICFX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a “buy and hold” mindset. With five-year annualized performance of 15.06%, expense ratio of 0.43% and management fee of 0.23%, this diversified fund is an attractive buy with a strong history of performance.
Carillon Clarivest Capital Appr R6 (HRCUX) is an attractive large-cap allocation. HRCUX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. HRCUX has an expense ratio of 0.64%, management fee of 0.5%, and annual returns of 17.34% 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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This article originally published on Zacks Investment Research (zacks.com).