Investing

Make the Most of Your Retirement With These Top-Ranked Mutual Funds

Zacks Equity Research

Published: September 1, 2023 10:31 pm

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 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.

Let’s take a look at some of our top-ranked mutual funds with the lowest fees.

Buffalo Large Cap Fund (BUFEX) has a 0.94% expense ratio and 0.75% management fee. BUFEX 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 12.31% over the last five years, this fund clearly wins.

JPMorgan Mid Cap Growth I (HLGEX) is a stand out amongst its peers. HLGEX is a Mid Cap Growth mutual fund. These mutual funds choose companies with a stock market valuation between $2 billion and $10 billion. With five-year annualized performance of 11.68%, expense ratio of 0.89% and management fee of 0.65%, this diversified fund is an attractive buy with a strong history of performance.

State Street Institutional US Equity Investor (SUSIX): 0.4% expense ratio and 0.37% management fee. SUSIX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.75% over the last five years.

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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