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
DFA US Vector Equity I
(DFVEX). DFVEX is a Mid Cap Blend mutual fund that typically features a portfolio filled with stocks of various sizes and styles; it allows for a diversification strategy focusing on companies with market caps between $2 billion and $10 billion. This fund is a winner, boasting an expense ratio of 0.29%, management fee of 0.2%, and a five-year annualized return track record of 14.48%.Fidelity Balanced Fund K
(FBAKX): 0.4% expense ratio and 0.39% management fee. FBAKX is classified as an Allocation Balanced fund, which seeks to invest in a balance of asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual. With yearly returns of 12.12% over the last five years, FBAKX is an effectively diversified fund with a long reputation of solidly positive performance.American Funds Growth Portfolio R6
(RGWGX): 0.01% expense ratio and 0% management fee. RGWGX 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. With a five-year annual return of 12.97%, this fund is a well-diversified fund with a long track record of success.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.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Get Your Free (DFVEX): Fund Analysis Report
Get Your Free (FBAKX): Fund Analysis Report
Get Your Free (RGWGX): Fund Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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