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.
How can you tell a good mutual fund from a bad one? It’s pretty basic: if the fund is diversified, has low fees, and shows strong performance, it’s a keeper. Of course, there’s a wide range, but using the Zacks Mutual Fund Rank, we’ve found three mutual funds that would be great additions to any long-term retirement investors’ portfolios.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Fidelity Advisor Capital Development O (FDETX): 0.56% expense ratio and 0.53% management fee. FDETX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a “buy and hold” mindset. With annual returns of 11.16% over the last five years, this fund is a winner.
Victory Sycamore Established Value I (VEVIX) is a stand out amongst its peers. VEVIX is a Mid Cap Value fund, which usually invests in companies with a stock market valuation between $2 billion and $10 billion. With five-year annualized performance of 10.58%, expense ratio of 0.58% and management fee of 0.45%, this diversified fund is an attractive buy with a strong history of performance.
T. Rowe Price US Large-Cap Core (TRULX): 0.64% expense ratio and 0.54% management fee. TRULX 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 a five-year annual return of 11.09%, this fund is a well-diversified fund with a long track record of success.
These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.
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