3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio – September 15, 2022
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 easiest way to judge a mutual fund’s quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we’ve identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.
Let’s break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
DFA US Hi Relatv Profitability Inst (DURPX – Free Report) has a 0.22% expense ratio and 0.19% management fee. DURPX 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. With yearly returns of 12.58% over the last five years, this fund clearly wins.
Fidelity Advisor Semiconductors M (FELTX – Free Report) is a stand out amongst its peers. FELTX is a Sector – Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With five-year annualized performance of 20.37%, expense ratio of 1.26% and management fee of 0.53%, this diversified fund is an attractive buy with a strong history of performance.
Alger Capital Appreciation Focus I (ALGRX – Free Report) : 0.91% expense ratio and 0.52% management fee. ALGRX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.84% over the last five years.
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.