3 Top-Ranked Mutual Funds for Your Retirement
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, 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.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
American Funds Cap Income Builder 529F
(CIRFX) has a 0.47% expense ratio and 0.23% management fee. CIRFX 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. With yearly returns of 9.18% over the last five years, this fund clearly wins.
Transamerica Large Value Opps I3
(TLOTX): 0.5% expense ratio and 0.45% management fee. TLOTX 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. TLOTX, with annual returns of 13.84% over the last five years, is a well-diversified fund with a long track record of success.
FPA Queens Road SmCap Value Inv
(QRSVX): 0.95% expense ratio and 0.66% management fee. QRSVX is a Small Cap Value fund, and these funds are known for investing in companies with market caps under $2 billion. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 13.12% over the last five years.
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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).