Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.
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.
Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
DFA World Core Equity Institutional
(DREIX) has a 0.27% expense ratio and 0.22% management fee. DREIX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography. With yearly returns of 11.28% over the last five years, this fund clearly wins.American Funds Growth and Income Portfolio R3
(RAICX) is a stand out amongst its peers. RAICX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With five-year annualized performance of 9.8%, expense ratio of 0.65% and management fee of 0%, this diversified fund is an attractive buy with a strong history of performance.TCW Relative Value Large Cap N
(TGDVX). Expense ratio: 0.89%. Management fee: 0.6%. Five year annual return: 13.16%. TGDVX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value.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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