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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 and most reliable way to assess the quality of a mutual fund over time is by analyzing its performance, diversification and fees. The Zacks Mutual Fund Ranking, which covers more than 19,000 mutual funds, helped us identify three top options that are perfect for any long-term investor’s retirement-focused portfolio.
Let’s break down some mutual funds with high Zacks Mutual Fund Ratings and very low fees.
Fidelity convertible securities (FCVSX – Free Report) 0.73% expense ratio and 0.51% management fee. FCVSX 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. FCVSX posted an impressive five-year annualized return of 11.77 percent.
JHancock Strategic Development I (JSGIX – Free Report) 0.73% expense ratio and 0.55% management fee. JSGIX 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. JSGIX, with an annualized return of 11.22% over the past five years, is a well-diversified fund with a long track record of success.
Neuberger Berman Small Cap Growth Advisor (NBMVX – free report). Expense Ratio: 1.4% Management Fee: 1.23%. Five-year return: 11.74%. NBMVX is one of many small cap growth mutual funds. These funds build their portfolios around market capitalizations of less than $2 billion.
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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