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 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 Select Pharmaceuticals (FPHAX). FPHAX is part of the Sector – Health category, offering investors a focus on the healthcare industry, one of the largest sectors in the American economy. This fund is a winner, boasting an expense ratio of 0.75%, management fee of 0.52%, and a five-year annualized return track record of 11.31%.
Janus Henderson Enterprise D (JANEX) is a stand out amongst its peers. JANEX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. With five-year annualized performance of 12.59%, expense ratio of 0.79% and management fee of 0.64%, this diversified fund is an attractive buy with a strong history of performance.
MFS Mass Investors Growth Stock R5 (MIGNX): 0.36% expense ratio and 0.33% management fee. MIGNX 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 a five-year annual return of 16.04%, this fund is a well-diversified fund with a long track record of success.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we’ve reviewed. But if that isn’t the case, it might be time to have a conversation or reconsider this vitally important relationship.
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 (FPHAX): Fund Analysis Report
Get Your Free (MIGNX): Fund Analysis Report
Get Your Free (JANEX): Fund Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research