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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 take a look at some of our top-ranked mutual funds with the lowest fees.
Janus Henderson Global Research Institutional
(JAWGX) has a 0.72% expense ratio and 0.52% management fee. JAWGX 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 yearly returns of 17.34% over the last five years, this fund clearly wins.
Emerald Growth Fund A
(HSPGX). Expense ratio: 1.08%. Management fee: 0.61%. HSPGX is one of many Small Cap Growth mutual funds; these funds tend to create their portfolios around stocks with market capitalization of less than $2 billion. This fund has managed to produce a robust 12.06% over the last five years.
Invesco SteelPath MLPSelect 40 R6
(OSPSX): 0.93% expense ratio and 0.69% management fee. OSPSX is a Sector - Energy fund, which are comprised of various changing and hugely important industries throughout the massive global energy sector. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 40.4% over the last 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).