3 Great Mutual Fund Choices for Your Retirement | Jobs Vox

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 best way to list great mutual funds is to ensure strong performance, diversification and low fees. Some are better than others, but using the Zacks Mutual Fund Rankings, we’ve identified three mutual funds that could be solid additions to one’s retirement portfolio.

Let’s take a look at some of our top-rated mutual funds with low fees.

Baird Midcap Institutional (BMDIX) has an expense ratio of 0.81% and a management fee of 0.75%. BMDIX is a mid-cap growth mutual fund. These funds aim to target companies with market capitalizations between $2 billion and $10 billion, which are expected to show investors greater growth opportunities than their peers. With annualized returns of 11.39% over the past five years, this fund is a clear winner.

Deutsche Science and Technology S (KTCSX) stands out among its peers. With a more diversified approach, KTCSX – part of the Sector-Tech mutual fund category – offers investors a way to own the notoriously volatile technology sector. With a five-year annualized performance of 11.42%, an expense ratio of 0.7% and a management fee of 0.45%, this diversified fund is an attractive buy with a strong track record of performance.

MFS Wholesale Investors Growth Stock I (MGTIX) is an attractive large-cap allocation. MGTIX 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. MGTIX has an expense ratio of 0.46%, a management fee of 0.33% and annualized returns of 13.66% over the last 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.

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 (BMDIX): Financial Analysis Report

Get your free (MGTIX): Financial Analysis Report

Get your free (KTCSX): Financial Analysis Report

Click here to read this article on Zacks.com.

Zacks Investment Research

Source link