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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.
Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
If you are looking to diversify your portfolio, consider
Janus Henderson Global Research Institutional
(JAWGX). JAWGX 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. This fund is a winner, boasting an expense ratio of 0.7%, management fee of 0.52%, and a five-year annualized return track record of 14.96%.
Oppenheimer Discovery R
(ODINX): 1.3% expense ratio and 0.59% management fee. ODINX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. ODINX, with annual returns of 10.48% over the last five years, is a well-diversified fund with a long track record of success.
Principal Mid Cap R3
(PMBMX) is an attractive large-cap allocation. PMBMX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. PMBMX has an expense ratio of 1.14%, management fee of 0.58%, and annual returns of 12.68% over the past five years.
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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This article originally published on Zacks Investment Research (zacks.com).