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It’s never too late to invest in mutual funds for retirement. The Zacks Mutual Fund Rank is also a great tool for investors looking to invest in the best funds.
The best way to shortlist a good mutual fund is to ensure solid performance, diversification, and low fees. While some are better than others, we’ve used the Zacks Mutual Fund Rank to identify three mutual funds that could definitely be added to your retirement portfolio.
Learn about some of the lowest-fee, Zacks-ranked mutual funds you may want to consider.
Fidelity Advisor Semiconductors I (felix – Free Report): Expense ratio 0.74%, management fee 0.53%. FELIX is part of the Sector – Technology mutual fund category, which invests in technology and allows investors to own stocks in sectors that are notoriously volatile, but takes a more diversified approach. With an annual return of 28.8% over the past five years, this fund is a winner.
MFS Mass Investors Growth Stock R4 (MIGKX – free report). Expense ratio: 0.46%. Management fee: 0.33%. MIGKX is part of the large-cap growth mutual fund category, which invests in many large U.S. companies that are expected to grow much faster than other large-cap stocks. This fund has delivered a strong return of 14.38% over the past five years.
Invesco Small Cap Value A (VSCAX – Free Report): Expense ratio 1.09%, management fee 0.64%. VSCAX is an option for the Small Cap Value mutual fund, which typically invests in companies with market capitalizations of less than $2 billion. This fund has a five-year annual return of 14.54% and is a well-diversified fund with a long track record of success.
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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