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 best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.
Let's take a look at some of our top-ranked mutual funds with the lowest fees.
JPMorgan US GARP Equity R6(JGISX) has a 0.34% expense ratio and 0.3% management fee. JGISX 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 yearly returns of 18.09% over the last five years, this fund clearly wins.
Nuveen Small-Cap Value Opps I(NSCRX): 0.95% expense ratio and 0.8% management fee. NSCRX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion. NSCRX, with annual returns of 14.02% over the last five years, is a well-diversified fund with a long track record of success.
Fidelity Mega Cap Stock(FGRTX) is an attractive large-cap allocation. FGRTX 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. FGRTX has an expense ratio of 0.58%, management fee of 0.57%, and annual returns of 19.21% 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).
