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.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
If you are looking to diversify your portfolio, consider Goldman Sachs LgrCp Val Insights P (GMXPX). GMXPX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. This fund is a winner, boasting an expense ratio of 0.55%, management fee of 0.52%, and a five-year annualized return track record of 11.91%.
Franklin Utilities A (FKUQX) is a stand out amongst its peers. Sector – Utilities funds like FKUQX focus their investments on firms that provide essential daily services to millions of people like electric power, gas distribution, and water supply. With five-year annualized performance of 10.73%, expense ratio of 0.81% and management fee of 0.46%, this diversified fund is an attractive buy with a strong history of performance.
American Funds Growth Fund of America 529E (CGFEX). Expense ratio: 0.88%. Management fee: 0.25%. Five year annual return: 10.17%. CGFEX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks.
There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they’ve got you covered. If not, you may need to talk.
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This article originally published on Zacks Investment Research (zacks.com).
