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 break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
AQR Large Cap Multi Style N (QCENX) has a 0.65% expense ratio and 0.25% management fee. QCENX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a “buy and hold” mindset. With yearly returns of 15.54% over the last five years, this fund clearly wins.
Fidelity Blue Chip Growth Fund (FBGRX): 0.61% expense ratio and 0.6% management fee. FBGRX 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. FBGRX, with annual returns of 14.22% over the last five years, is a well-diversified fund with a long track record of success.
Segall Bryant & Hamill Emerging Markets I (SBEMX). Expense ratio: 1.15%. Management fee: 0.9%. Five year annual return: 11.81%. SBEMX is a Non US – Equity option, focusing their investments acoss emerging and developed markets, and can often extend across cap levels too.
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).