It’s never too late to invest in mutual funds for retirement. The Zacks Mutual Fund Rank is also a great tool for investors who want to invest in the best funds.
How can you tell the difference between good mutual funds and bad mutual funds? It’s very simple. If a fund is diversified, has low fees, and performs well, it’s a keeper. Of course, there are plenty of options, but peoples used the Zacks Mutual Fund Rank to find his three best mutual funds to add to a long-term retiree’s portfolio.
Let’s take a look at some of the highest-rated mutual funds with the lowest fees.
AMG Managers Fairpointe Mid Cap I : Expense ratio of 0.8% and management fee of 0.56%. ABMIX is a mid-cap blend mutual fund that typically has a portfolio of stocks of various sizes and styles. This allows for a diversified strategy that focuses on companies with market capitalizations between $2 billion and $10 billion. With annualized returns of 9.27% over the past five years, this fund is a clear winner.
Janus Henderson Europe Focus A : Expense ratio of 1.3% and management fee of 1%. HFEAX is one of the many European equity funds known for investing assets in stocks from countries such as the UK, Germany, France, Italy, and Spain. With an annualized return of 11.89% over the past five years, HFEAX is a well-diversified fund with a long track record.
TIAA-CREF Lifestyle Aggressive Growth Premier: 0.25% expense ratio, 0.1% management fee. TSAPX is a large-cap growth option. These mutual funds buy shares in a number of large U.S. companies that are expected to outperform and grow better than other large-cap stocks. The fund, which invests primarily in stocks, has a long-standing reputation for healthy performance, returning 9.37% annually over the past five years.
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