Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio? – November 25, 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.
How can you tell a good mutual fund from a bad one? It’s pretty basic: if the fund is diversified, has low fees, and shows strong performance, it’s a keeper. Of course, there’s a wide range, but using the Zacks Mutual Fund Rank, we’ve found three mutual funds that would be great additions to any long-term retirement investors’ portfolios.
Let’s break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
If you are looking to diversify your portfolio, consider JPMorgan Tax Aware Equity Institutional (JPDEX – Free Report) . JPDEX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a “buy and hold” mindset. This fund is a winner, boasting an expense ratio of 0.55%, management fee of 0.35%, and a five-year annualized return track record of 10.75%.
Deutsche Science and Technology Institutional (KTCIX – Free Report) is a stand out amongst its peers. With a much more diversified approach, KTCIX–part of the Sector – Tech mutual fund category–gives investors a way to own a stake in the notoriously risky tech sector. With five-year annualized performance of 10.47%, expense ratio of 0.68% and management fee of 0.45%, this diversified fund is an attractive buy with a strong history of performance.
Lord Abbett Growth Leaders F (LGLFX – Free Report) . Expense ratio: 0.65%. Management fee: 0.51%. Five year annual return: 11.87%. LGLFX 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.