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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.
Putnam Global Healthcare A (PHSTX – Free report): Expense ratio 1.07%, management fee 0.62%. PHSTX is part of the Sector – Health category and focuses on the healthcare industry, which is one of the largest sectors of the American economy for investors. With an annual return of 12.48% over the past five years, this fund is a winner.
Oak Ridge Large Cap Growth I (Polix – Free Report) stands out among its peers. POLYX 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 10.14%, an expense ratio of 0.65%, and a management fee of 0.19%, this diversified fund has a history of strong performance and is an attractive buy.
Mid-cap principal for institutional investors (PCBIX – Free Report) is an attractive large-cap allocation. PCBIX is a mid-cap growth mutual fund. Mid-Cap Growth Funds select stocks (typically companies with market capitalizations between $2 billion and $10 billion) that represent significant growth opportunities for investors relative to their peers. PCBIX has an expense ratio of 0.68%, a management fee of 0.58%, and an annualized return of 13.63% over the past five years.
We hope your investment advisor (if you use one) invests in one or all of the top-ranked mutual funds we reviewed. But if not, it may be time to have a conversation or reconsider this all-important relationship.
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