It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
Let's take a look at some of our top-ranked mutual funds with the lowest fees.
If you are looking to diversify your portfolio, consider Fidelity Blue Chip Growth Fund(FBGRX). FBGRX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. This fund is a winner, boasting an expense ratio of 0.61%, management fee of 0.6%, and a five-year annualized return track record of 17.27%.
SEI International Equity F (SIT)(SEITX): 1.09% expense ratio and 0.51% management fee. SEITX is a Non US - Equity option, focusing their investments acoss emerging and developed markets, and can often extend across cap levels too. SEITX, with annual returns of 12.25% over the last five years, is a well-diversified fund with a long track record of success.
Janus Henderson Global Technology A(JATAX) is an attractive large-cap allocation. JATAX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. JATAX has an expense ratio of 1.03%, management fee of 0.64%, and annual returns of 16.02% over the past five years.
There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.
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This article originally published on Zacks Investment Research (zacks.com).
