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 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 take a look at some of our top-ranked mutual funds with the lowest fees.
(ACSTX) has a 0.79% expense ratio and 0.38% management fee. ACSTX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. With yearly returns of 16.43% over the last five years, this fund clearly wins.
(PTMAX) is a stand out amongst its peers. PTMAX 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. With five-year annualized performance of 16.19%, expense ratio of 0.7% and management fee of 0.35%, this diversified fund is an attractive buy with a strong history of performance.
(TILGX): 0.41% expense ratio and 0.4% management fee. TILGX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 16.74% 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).