It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one’s retirement portfolio.
Let’s break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
(FDMLX) has a 0.01% expense ratio and 0% management fee. FDMLX 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 19.11% over the last five years, this fund clearly wins.
(GSESX): 1.06% expense ratio and 0.52% management fee. GSESX 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. With yearly returns of 17.17% over the last five years, GSESX is an effectively diversified fund with a long reputation of solidly positive performance.
(VNVAX). Expense ratio: 1.15%. Management fee: 0.75%. Five year annual return: 16.94%. VNVAX is a Mid Cap Value mutual funds that aims to target medium-sized companies that possess strong value and income opportunities for investors.
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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (FDMLX): Fund Analysis Report
Get Your Free (GSESX): Fund Analysis Report
Get Your Free (VNVAX): Fund Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
