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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, 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.
Fidelity Advisor Stock Select Allocation Cap M
(FSJHX): 0.97% expense ratio and 0.47% management fee. FSJHX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. FSJHX has achieved five-year annual returns of an astounding 13.34%.
Goldman Sachs Technology Tollkeeper A
(GITAX): 1.16% expense ratio and 0.94% management fee. GITAX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With yearly returns of 13.87% over the last five years, GITAX is an effectively diversified fund with a long reputation of solidly positive performance.
T. Rowe Price Intl Concntrd Equity
(PRCNX). Expense ratio: 0.9%. Management fee: 0.63%. Five year annual return: 9.51%. PRCNX is a Non US - Equity option, focusing their investments acoss emerging and developed markets, and can often extend across cap levels too.
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).