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 easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
Let's take a look at some of our top-ranked mutual funds with the lowest fees.
Cambiar Opportunity I
(CAMWX): 0.65% expense ratio and 0.6% management fee. CAMWX 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. CAMWX has achieved five-year annual returns of an astounding 14.54%.
Goldman Sachs Growth Strategy Institutional
(GGSIX): 0.19% expense ratio and 0.15% management fee. GGSIX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography. GGSIX, with annual returns of 10.82% over the last five years, is a well-diversified fund with a long track record of success.
JPMorgan US Value C
(VGICX): 1.43% expense ratio and 0.4% management fee. VGICX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. With a five-year annual return of 13.44%, this fund is a well-diversified fund with a long track record of success.
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These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.
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This article originally published on Zacks Investment Research (zacks.com).
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