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 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.
Cavanal Hill World Energy Institutional (AIWEX) has a 0.85% expense ratio and 0.6% management fee. AIWEX is classified as a Sector – Energy mutual fund. Throughout the massive global energy sector, these funds hold a wide range of quickly changing and vitally important industries. With yearly returns of 20.83% over the last five years, this fund clearly wins.
LSV Global Managed Volatility Instl (LSVFX) is a stand out amongst its peers. LSVFX 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 five-year annualized performance of 11.06%, expense ratio of 0.75% and management fee of 0.6%, this diversified fund is an attractive buy with a strong history of performance.
American Funds Inv Co of Amer F3 (FFICX): 0.26% expense ratio and 0.23% management fee. FFICX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a “buy and hold” mindset. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 15.26% over the last five years.
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).