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.
How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
If you are looking to diversify your portfolio, consider
Fidelity Growth & Income Portfolio K
(FGIKX). FGIKX 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. This fund is a winner, boasting an expense ratio of 0.47%, management fee of 0.45%, and a five-year annualized return track record of 16.97%.Invesco Small Cap Value Y
(VSMIX) is a stand out amongst its peers. VSMIX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion. With five-year annualized performance of 24.2%, expense ratio of 0.81% and management fee of 0.63%, this diversified fund is an attractive buy with a strong history of performance.JPMorgan Growth and Income I
(VGIIX). Expense ratio: 0.69%. Management fee: 0.4%. Five year annual return: 13.8%. VGIIX 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.These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Get Your Free (FGIKX): Fund Analysis Report
Get Your Free (VSMIX): Fund Analysis Report
Get Your Free (VGIIX): Fund Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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