There is never a wrong time to invest 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 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 Hartford Stock HLS IB (HIBSX). HIBSX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a “buy and hold” mindset. This fund is a winner, boasting an expense ratio of 0.76%, management fee of 0.48%, and a five-year annualized return track record of 11.45%.
Deutsche Science and Technology Institutional (KTCIX): 0.69% expense ratio and 0.45% management fee. KTCIX is a Sector – Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With yearly returns of 10.09% over the last five years, KTCIX is an effectively diversified fund with a long reputation of solidly positive performance.
T. Rowe Price All-Cap Opportunities Fund (PRWAX). Expense ratio: 0.81%. Management fee: 0.63%. Five year annual return: 13.48%. PRWAX 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.
There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they’ve got you covered. If not, you may need to talk.
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