3 Top-Ranked Mutual Funds for Your Retirement
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, most reliable way to judge a mutual fund’s quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which 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 our top-ranked mutual funds with the lowest fees.
If you are looking to diversify your portfolio, consider
(FAGCX). FAGCX 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 is a winner, boasting an expense ratio of 0.49%, management fee of 0.48%, and a five-year annualized return track record of 18.95%.
(IAMOX) is a stand out amongst its peers. IAMOX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With five-year annualized performance of 11.68%, expense ratio of 1.19% and management fee of 0.79%, this diversified fund is an attractive buy with a strong history of performance.
(QLERX). Expense ratio: 1.2%. Management fee: 1.1%. Five year annual return: 18.26%. QLERX is a Long Short – Equity mutual fund, which look at taking long positions in equities that are expected to appreciate and short positions in equities that are projected to decline, but overall, hope to minimize their market exposure.
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).