There is no wrong time to invest in mutual funds for retirement. So, if you are still looking for the best mutual fund, Zacks Mutual Fund Rank can be a great guide.
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.
Amana Growth Fund Institutional (AMIGX) has an expense ratio of 0.64% and a management fee of 0.62%. AMIGX is part of the large-cap growth mutual fund category, which invests in many large U.S. companies that tend to grow faster than other large-cap stocks. With annualized returns of 13.26 percent over the past five years, this fund is a clear winner.
AllianzGI Convertible Fund P (ANCMX) stands out among its peers. ANCMX is classified as a convertible bond fund, and in the world of fixed income, these funds are quite unique. These types of securities are hybrid, meaning they have both fixed income and equity components. With a five-year annualized performance of 11.64%, an expense ratio of 0.71% and a management fee of 0.57%, this diversified fund is an attractive buy with a strong track record of performance.
Putnam Small Cap Growth R (PSGRX) is an attractive large-cap allocation. PSGRX is a small cap growth mutual fund and seeks to expose small companies in up and coming industries and markets. PSGRX has an expense ratio of 1.49%, a management fee of 0.73% and annualized returns of 10.5% over the past five years.
You can see it there. 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.
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