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.
American Funds Growth Fund of America F (GFAFX) has a 0.65% expense ratio and 0.26% management fee. GFAFX 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 14.7% over the last five years, this fund clearly wins.
Goldman Sachs Growth Strategy R (GGSRX): 0.8% expense ratio and 0.15% management fee. GGSRX is a Global – Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren’t limited by geography. GGSRX, with annual returns of 9.55% over the last five years, is a well-diversified fund with a long track record of success.
KnightsofColumbus Small Cap I (KCSIX) is an attractive large-cap allocation. KCSIX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. KCSIX has an expense ratio of 0.9%, management fee of 0.73%, and annual returns of 11.11% 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).