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You can always go wrong investing 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 way to judge the quality of a mutual fund over the long term is to analyze its performance, variance, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we’ve identified his three great mutual funds that are best suited for long-term investors to pursue and achieve their retirement investment goals.
Let’s take a closer look at some of the mutual funds with the top Zacks Mutual Fund Rank and lowest fees.
Fidelity Midcap Fund K (FKMCX – Free Report): Expense ratio 0.73%, management fee 0.69%. FKMCX is a mid-cap blend mutual fund that typically features a portfolio that includes stocks of various styles and sizes, allowing for diversification within a strategy focused on mid-cap companies. FKMCX has achieved an impressive annual return of 11.48% over his five years.
MFS Growth Fund R2 (megrex – Free Report) stands out among its peers. MEGRX is a large-cap growth mutual fund, and these funds invest in many large U.S. companies that are expected to grow at a faster pace than their large-cap peers. With a five-year annualized performance of 14.48%, an expense ratio of 1.09%, and a management fee of 0.49%, this diversified fund has a history of strong performance and is an attractive buy.
MassMutual Selective Midcap Value Service Class (muix – Free Report): Expense ratio 0.81%, management fee 0.7%. MLUYX is a mid-cap value mutual fund that aims to target mid-sized companies that offer significant value and income opportunities to investors. This fund has a five-year annual return of 8.44% and is a well-diversified fund with a long track record of success.
These examples highlight the fact that there are surprisingly good mutual funds out there. If your advisor steers you in the right direction, bravo! If not, you may need to have a conversation.
Top 5 ChatGPT stocks revealed
Zacks Senior Equity Strategist Kevin Cook lists five carefully selected stocks with exceptional growth potential in the bright field of artificial intelligence. By 2030, the AI industry is predicted to have an economic impact of $15.7 trillion on the scale of the Internet and his iPhone.
Today, you can invest in the future wave of automation that answers follow-up questions, admits mistakes, challenges false assumptions, and rejects inappropriate requests. As one of his selected companies puts it: “Automation frees people from the mundane and enables them to achieve miracles.”
Download ChatGPT stock report for free now >>
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