In This Article:
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.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
If you are looking to diversify your portfolio, consider
Wells Fargo Diversified Capital Builder I
(EKBYX). EKBYX is a part of the Allocation Balanced fund category; these funds like to invest in a variety of asset types, finding a balance between stocks, bonds, cash, and sometimes even precious metals and commodities; they are mostly categorized by their respective asset allocation. This fund is a winner, boasting an expense ratio of 0.78%, management fee of 0.62%, and a five-year annualized return track record of 12.34%.
Deutsche Science and Technology Institutional
(KTCIX) is a stand out amongst its peers. KTCIX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With five-year annualized performance of 20.21%, expense ratio of 0.68% and management fee of 0.46%, this diversified fund is an attractive buy with a strong history of performance.
Principal Mid Cap J
(PMBJX): 0.76% expense ratio and 0.58% management fee. PMBJX 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. With a five-year annual return of 11.75%, this fund is a well-diversified fund with a long track record of success.
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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (EKBYX): Fund Analysis Report
Get Your Free (PMBJX): Fund Analysis Report
Get Your Free (KTCIX): Fund Analysis Report
This article originally published on Zacks Investment Research (zacks.com).