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.
How to distinguish a good mutual fund from a bad one? It’s pretty basic: If the fund is diversified, has low fees and strong performance, it’s a keeper. There’s certainly a wide range, but using the Zacks Mutual Fund Rankings, we’ve found three mutual funds that would be great additions to any long-term retirement investor’s portfolio.
Here are the funds that earned a Zacks Mutual Fund Rank #1 (Strong Buy) and the lowest fees.
ASG Managed Futures Strategy Y (ASFYX) has an expense ratio of 1.48% and a management fee of 1.25%. ASFYX is an allocation balanced mutual fund. Allocation balanced funds invest in asset classes such as stocks, bonds and cash, and it is not unusual to include precious metals or commodities. These funds are mostly allocated through asset allocation. With annualized returns of 10.52% over the past five years, this fund is a clear winner.
Great-West multi-manager large-cap development (MXLGX). Expense Ratio: 1% Management Fee: 0.64%. MXLGX 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. This fund has managed to produce a solid 13.26% over the past five years.
Virtus Car Small Cap Core A (PKSAX) is an attractive large-cap allocation. PKSAX is a small-cap hybrid mutual fund, which allows investors to diversify their money among a variety of small-cap stocks. PKSAX has an expense ratio of 1.25%, a management fee of 0.75% and annualized returns of 13.53% over the past five years.
Look here, people, people, people, people, people. If your financial advisor puts your money into any of our top rated funds, they’ve got you covered. If not, you may need to talk.
Looking for the latest recommendations from Zacks Investment Research? Today, you can download 7 best stocks for the next 30 days. Click here to get this free report.
Get your free (ASFYX): Financial Analysis Report
Get your free (PKSAX): financial analysis report
Get your free (MXLGX): Financial Analysis Report
Click here to read this article on Zacks.com.
Zacks Investment Research