Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?
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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 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.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
AQR Intl Momentum Style N
(AIONX): 0.87% expense ratio and 0.4% management fee. AIONX is a Non US - Equity option, focusing their investments acoss emerging and developed markets, and can often extend across cap levels too. With annual returns of 11.37% over the last five years, this fund is a winner.
Fidelity Advisor Stock Select Allocation Cap Z
(FZAPX): 0.36% expense ratio and 0.35% management fee. FZAPX 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. FZAPX, with annual returns of 14.04% over the last five years, is a well-diversified fund with a long track record of success.
Putnam Large Cap Value R5
(PEQLX): 0.64% expense ratio and 0.46% management fee. PEQLX 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 a five-year annual return of 16.43%, this fund is a well-diversified fund with a long track record of success.
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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).