3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio
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 best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one’s retirement portfolio.
Let’s learn about some of Zacks’ highest ranked mutual funds with low fees you may want to consider.
If you are looking to diversify your portfolio, consider
(FBIOX). FBIOX is part of the Sector – Health category, offering investors a focus on the healthcare industry, one of the largest sectors in the American economy. This fund is a winner, boasting an expense ratio of 0.71%, management fee of 0.65%, and a five-year annualized return track record of 11.18%.
(JLGRX): 0.54% expense ratio and 0.45% management fee. JLGRX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. With yearly returns of 21.13% over the last five years, JLGRX is an effectively diversified fund with a long reputation of solidly positive performance.
(RMBMX). Expense ratio: 0.8%. Management fee: 0.7%. Five year annual return: 12.77%. RMBMX is a Mid Cap Blend mutual fund that typically features a portfolio filled with stocks of various sizes and styles; it allows for a diversification strategy focusing on companies with market caps between $2 billion and $10 billion.
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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