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 learn about some of Zacks’ highest ranked mutual funds with low fees you may want to consider.
American Funds Income Fund of America 529F (CIMFX) has a 0.43% expense ratio and 0.23% management fee. CIMFX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With yearly returns of 10.14% over the last five years, this fund clearly wins.
Empower Aggressive Profile Inv (MXAPX) is a stand out amongst its peers. MXAPX 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 12.2%, expense ratio of 0.45% and management fee of 0.1%, this diversified fund is an attractive buy with a strong history of performance.
American Beacon SiM High Yield Opportunity I (SHOIX): 0.74% expense ratio and 0.72% management fee. SHOIX is a High Yield – Bonds option. These mutual funds are often known as junk bonds since they are below investment grade. This means they are at an elevated risk of default, at least when compared to their investment grade peers. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 8.23% over the last 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).