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 break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
If you are looking to diversify your portfolio, consider Nuveen Global Equity Income A(NQGAX). NQGAX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. This fund is a winner, boasting an expense ratio of 1.11%, management fee of 0.71%, and a five-year annualized return track record of 13.5%.
JHancock US Growth A(JSGAX) is a stand out amongst its peers. JSGAX 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. With five-year annualized performance of 14.83%, expense ratio of 0.95% and management fee of 0.55%, this diversified fund is an attractive buy with a strong history of performance.
JPMorgan US Value R5(VGIFX) is an attractive large-cap allocation. VGIFX 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. VGIFX has an expense ratio of 0.44%, management fee of 0.4%, and annual returns of 13.73% over the past 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).
