There is never a wrong time to invest in mutual funds for retirement. So, if you’re still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.
The easiest way to judge a mutual fund’s quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we’ve identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
American Funds Washington Mutual Investors R3 (RWMCX) has a 0.91% expense ratio and 0.22% management fee. RWMCX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With yearly returns of 13.48% over the last five years, this fund clearly wins.
Goldman Sachs MLP Energy Infrast P (GMNPX). Expense ratio: 1.04%. Management fee: 0.96%. GMNPX is a Sector – Energy mutual fund, which encompasses a wide range of vastly changing and vitally important industries throughout this massive global sector. This fund has managed to produce a robust 23.22% over the last five years.
Nuveen Quant SmallCap Equity W (TSCWX): 0.41% expense ratio and 0.4% management fee. TSCWX is a Small Cap Blend mutual fund that usually targets companies with a market capitalization of less than $2 billion. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 11.67% over the last five years.
These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.
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This article originally published on Zacks Investment Research (zacks.com).
