Make the Most of Your Retirement with These Top-Ranked Mutual Funds
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.
The easiest way to judge a mutual fund’s quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we’ve identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.
Let’s break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
JHancock Blue Chip Growth A (JBGAX): 1.14% expense ratio and 0.73% management fee. JBGAX 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. With annual returns of 11.32% over the last five years, this fund is a winner.
American Funds Fundamental Investors 529A (CFNAX). Expense ratio: 0.61%. Management fee: 0.24%. CFNAX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a “buy and hold” mindset. This fund has managed to produce a robust 14.23% over the last five years.
Goldman Sachs SmCap Val Insights P (GSXPX). Expense ratio: 0.83%. Management fee: 0.8%. Five year annual return: 11.53%. GSXPX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we’ve reviewed. But if that isn’t the case, it might be time to have a conversation or reconsider this vitally important relationship.
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This article originally published on Zacks Investment Research (zacks.com).