3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio

Investing

Published: August 10, 2023 10:34 pm

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 easiest, most reliable way to judge a mutual fund’s quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors’ portfolios that is retirement-focused.

Let’s learn about some of Zacks’ highest ranked mutual funds with low fees you may want to consider.

Brown Advisory Flexible Equity Adviser (BAFAX) has a 0.94% expense ratio and 0.43% management fee. BAFAX is an Allocation Balanced mutual fund. Allocation Balanced funds look to invest across asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual; these funds are mostly categorized by their respective asset allocation. With yearly returns of 11.66% over the last five years, this fund clearly wins.

GMO Quality VI (GQLOX). Expense ratio: 0.4%. Management fee: 0.39%. GQLOX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a “buy and hold” mindset. This fund has managed to produce a robust 14.62% over the last five years.

Wells Fargo Large Cap Growth Admiral (STDFX) is an attractive large-cap allocation. STDFX 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. STDFX has an expense ratio of 1.09%, management fee of 0.69%, and annual returns of 10.1% over the past five years.

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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