It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
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 learn about some of Zacks’ highest ranked mutual funds with low fees you may want to consider.
MassMutual Premier Small/Mid Cap Opportunities R5 (MSCDX – Free Report) has a 0.77% expense ratio and 0.57% management fee. MSCDX is a Small Cap Blend mutual fund, and usually targets stocks with market caps of less than $2 billion, letting investors diversify their funds among other kinds of small-cap equities. With yearly returns of 13.03% over the last five years, this fund clearly wins.
State Street Institutional US Equity Investor (SUSIX – Free Report) is a stand out amongst its peers. SUSIX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a “buy and hold” mindset. With five-year annualized performance of 16.55%, expense ratio of 0.4% and management fee of 0.37%, this diversified fund is an attractive buy with a strong history of performance.
Principal Large Cap Growth I Institutional (PLGIX – Free Report) : 0.68% expense ratio and 0.6% management fee. PLGIX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 15.73% 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.
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