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There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.
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 learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.
Marsico Global Fund
(MGLBX): 1.48% expense ratio and 0.8% management fee. MGLBX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations. With annual returns of 15.89% over the last five years, this fund is a winner.
Fidelity Balanced Fund K
(FBAKX) is a stand out amongst its peers. FBAKX is an Allocation Balanced mutual fund. Allocation Balanced funds look to invest across asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual; these funds are mostly categorized by their respective asset allocation. With five-year annualized performance of 12.12%, expense ratio of 0.4% and management fee of 0.39%, this diversified fund is an attractive buy with a strong history of performance.
Invesco SteelPath MLP Select 40 Fund Class A
(MLPFX). Expense ratio: 1.26%. Management fee: 0.7%. Five year annual return: 22.43%. MLPFX is a Sector - Energy mutual fund, which encompasses a wide range of vastly changing and vitally important industries throughout this massive global sector.
These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.
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This article originally published on Zacks Investment Research (zacks.com).