It is too late to invest in mutual funds for retirement. So, if you are planning to invest in some of the best mutual funds, Zacks Mutual Fund Rank can provide you with valuable guidance.
The easiest way to assess the quality of a mutual fund over time is by analyzing its performance, diversification and fees. Using the Zacks Mutual Fund Ranking of over 19,000 mutual funds, we’ve identified three superior mutual funds that are ideally suited to help long-term investors achieve their retirement investment goals.
Let’s take a look at some of our top-rated mutual funds with low fees.
Fidelity advisor convertible security institution (FICVX): 0.76% expense ratio and 0.51% management fee. FICVX is a convertible bond mutual fund, and these funds are unique in the fixed income world. These securities have both fixed income and equity components, making them hybrid securities. With annualized returns of 11.24% over the last five years, this fund is a winner.
Jensen Quality Growth Fund I (Genix) stands out among its peers. Genix is a great capital growth option; These mutual funds buy shares in several large US companies that are expected to build and grow faster than other large stocks. With a five-year annualized performance of 11.76%, an expense ratio of 0.61% and a management fee of 0.48%, this diversified fund is an attractive buy with a strong track record of performance.
ProFunds Tech UltraSector Investor (TEPIX): 1.48% expense ratio and 0.75% management fee. TEPIX Sector – Tech is a mutual fund that allows investors to own shares in a volatile sector known to be volatile in many ways. The fund invests primarily in equities, has a long-term track record and has returned 16.65% annualized over the past five years.
Hopefully your investment advisor (if you use one) invested in one of the top-rated mutual funds we reviewed. But if that’s not the case, it might be time to have a conversation or rethink this very important relationship.
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