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.
BNY Mellon Natural Resources I (DLDRX – Free Report) : 0.9% expense ratio and 0.75% management fee. DLDRX is a Sector – Energy mutual fund, which encompasses a wide range of vastly changing and vitally important industries throughout this massive global sector. DLDRX has achieved five-year annual returns of an astounding 15.73%.
Harbor Capital Appreciation Institutional (HACAX – Free Report) . Expense ratio: 0.68%. Management fee: 0.6%. HACAX 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. This fund has managed to produce a robust 14.97% over the last five years.
JPMorgan US Equity Fund R5 (JUSRX – Free Report) : 0.54% expense ratio and 0.4% management fee. JUSRX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 13.79% over the last five years.
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.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
