May 22, 2024
Funds

3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio – December 29, 2023


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, 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.

Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.

JPMorgan Intrepid Growth I (JPGSX Free Report) : 0.59% expense ratio and 0.3% management fee. JPGSX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. With annual returns of 14.31% over the last five years, this fund is a winner.

Arrow Managed Futures Strategy I (MFTNX Free Report) is a stand out amongst its peers. MFTNX is an Allocation Balanced mutual fund. Allocation Balanced funds look to invest across asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual; these funds are mostly categorized by their respective asset allocation. With five-year annualized performance of 10.41%, expense ratio of 1.2% and management fee of 0.85%, this diversified fund is an attractive buy with a strong history of performance.

Fidelity Select Software & IT Services (FSCSX Free Report) : 0.68% expense ratio and 0.53% management fee. FSCSX is a Sector – Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With a five-year annual return of 17.56%, this fund is a well-diversified fund with a long track record of success.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we’ve reviewed. But if that isn’t the case, it might be time to have a conversation or reconsider this vitally important relationship.


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