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 learn about some of Zacks’ highest ranked mutual funds with low fees you may want to consider.
If you are looking to diversify your portfolio, consider AQR Large Cap Momentum Style I (AMOMX). AMOMX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. This fund is a winner, boasting an expense ratio of 0.4%, management fee of 0.25%, and a five-year annualized return track record of 8.96%.
Direxion Mo S&P 500 Bull 1.75X Inv (DXSLX): 1.35% expense ratio and 0.75% management fee. DXSLX is classified as an Allocation Balanced fund, which seeks to invest in a balance of asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual. DXSLX, with annual returns of 12.38% over the last five years, is a well-diversified fund with a long track record of success.
Fidelity Convertible Securities (FCVSX). Expense ratio: 0.72%. Management fee: 0.55%. Five year annual return: 11.85%. FCVSX is categorized as a Convertible Bonds fund, and in the fixed income world, these funds are quite unique. These types of securities are a hybrid, meaning they have components of both fixed income and equity.
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.
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