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.
Fidelity Growth Strategies Fund
(FDEGX): 0.8% expense ratio and 0.56% management fee. FDEGX is an All Cap Growth mutual fund investing in a wide variety of equities, no matter the size of the company and as long as the firm exhibits growth characteristics. FDEGX has achieved five-year annual returns of an astounding 12.31%.Victory Diversified Stock Y
(VDSYX) is a stand out amongst its peers. VDSYX 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 five-year annualized performance of 15.46%, expense ratio of 0.86% and management fee of 0.65%, this diversified fund is an attractive buy with a strong history of performance.JPMorgan Growth Advantage A
(VHIAX). Expense ratio: 1.04%. Management fee: 0.55%. Five year annual return: 19.6%. VHIAX 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.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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