3 Great Mutual Fund Options for Your Retirement
You don’t have to wait until retirement to invest in mutual funds. If you are looking for the best mutual funds to invest in, the Zacks Mutual Fund Rank will provide valuable guidance.
You can shortlist great mutual fund by ensuring solid performance, diversification, low fees, and a high level of service. While some mutual funds are better than others we’ve identified three that can be great additions to your retirement portfolio using the Zacks Rank.
Let’s look at some mutual funds that have the highest Zacks Mutual Fund rank and lowest fees.
Baron Focused Growth Fund Retail (BFGFX: 1.32% expense ratio, 1% management fee. BFGFX is a Mid Cap Growth Mutual Fund. These mutual funds select companies that have stock market values between $2 billion to $10 billion. BFGFX has earned an astonishing 20.62% annual return over the past five years.
Fidelity Select Utilities (FSUTX), 0.73% expense rate and 0.52% administration fee. FSUTX, a Sector – Utilities fund. These mutual funds are well-known because they offer stability. They target companies that provide essential services for millions of people every day, including electric power, water supply, and gas distribution. FSUTX, a fund that is effectively diversified and has a long history of solidly positive results, has had a 10.65% annual return over the last five year.
Nicholas Fund Large-cap allocations are attractive with the NICSX (NICSX). NICSX is a Large Cap Fund Blend that targets companies with market capitals exceeding $10 billion. These funds provide stability for investors and are ideal for those who prefer to “buy and hold”. NICSX’s expense ratio is 0.71% and management fees are 0.65%. The fund has returned 10.12% annually over the past five year.
These examples demonstrate the amazing quality of some mutual funds. Bravo to your advisor if they recommend the best mutual funds. If you are not in the good ones, it may be worth giving a talk.
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