In This Article:
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 best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.
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
AQR Long-Short Equity Fund R6
(QLERX). QLERX is a Long Short - Equity option. These funds' investment strategy consists of minimizing overall market exposure, while at the same time taking long positions in equities that are expected to appreciate and short positions in equities that are projected to decline. This fund is a winner, boasting an expense ratio of 1.2%, management fee of 1.1%, and a five-year annualized return track record of 21%.
Fidelity Value Fund K
(FVLKX) is a stand out amongst its peers. FVLKX is a Mid Cap Value mutual fund, which targets medium-sized companies with a market cap between $2 billion and $10 billion. With five-year annualized performance of 15.48%, expense ratio of 0.74% and management fee of 0.72%, this diversified fund is an attractive buy with a strong history of performance.
Commerce Growth Fund
(CFGRX). Expense ratio: 0.73%. Management fee: 0.4%. Five year annual return: 17.35%. CFGRX 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.
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 (CFGRX): Fund Analysis Report
Get Your Free (QLERX): Fund Analysis Report
Get Your Free (FVLKX): Fund Analysis Report
This article originally published on Zacks Investment Research (zacks.com).