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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 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.
Columbia Dividend Income I3
(CDDYX) has a 0.55% expense ratio and 0.53% management fee. CDDYX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. With yearly returns of 11.63% over the last five years, this fund clearly wins.
JPMorgan Intrepid Growth Fund R5
(JGIRX): 0.44% expense ratio and 0.3% management fee. JGIRX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. With yearly returns of 18.39% over the last five years, JGIRX is an effectively diversified fund with a long reputation of solidly positive performance.
TCW Relative Value Mid Cap N
(TGVNX): 0.95% expense ratio and 0.7% management fee. TGVNX is a Mid Cap Value fund, which usually invests in companies with a stock market valuation between $2 billion and $10 billion. With a five-year annual return of 12.79%, 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.
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This article originally published on Zacks Investment Research (zacks.com).