Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.
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.
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 Advisor Gold M(FGDTX). Sector - Precious Metal funds like FGDTX normally invest in stocks focused on the mining and production of precious metals such as gold, silver, platinum, and palladium. This fund is a winner, boasting an expense ratio of 1.2%, management fee of 0.7%, and a five-year annualized return track record of 16.35%.
Virtus Zevenbergen Technology Inst(DRGTX): 1.16% expense ratio and 0.9% management fee. With a much more diversified approach, DRGTX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. With yearly returns of 14.4% over the last five years, DRGTX is an effectively diversified fund with a long reputation of solidly positive performance.
American Funds Fundamentl Invs F3(FUNFX). Expense ratio: 0.27%. Management fee: 0.24%. Five year annual return: 15.6%. FUNFX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset.
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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (DRGTX): Fund Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
