You can never go wrong investing in retirement mutual funds. So if you’re still looking for the best mutual funds, the Zacks Mutual Fund Rankings can be a great guide.
The best way to shortlist great mutual funds is to ensure solid performance, diversification and low fees. Some funds are better than others, but using the Zacks Mutual Fund Ranking, we’ve identified three mutual funds that can be solid additions to one’s retirement portfolio.
Let’s take a closer look at some of the mutual funds with the highest Zacks Mutual Fund Ranks and the lowest fees.
Balun Durable Advantage Retail (BDAFX): Expense rate 0.95%, management fee 0.65%. BDAFX belongs to the large-cap growth mutual fund category, which invests in many large-cap U.S. companies that are expected to grow much faster than other large-cap stocks. BDAFX achieved an impressive five-year annual return of 18.68%.
BlackRock Advantage Large Cap Core C (MCLRX). Expense ratio: 1.48%. Management fee: 0.43%. MCLRX is part of a group of large-cap hybrid funds, which are mutual funds that most often invest in companies with market capitalizations of $10 billion or more. By investing in larger companies, these funds offer greater stability and are often well-suited for investors with a “buy and hold” mentality. The fund has delivered a strong return of 16.28% over the past five years.
Kinetics Global Fund No Load (WWWEX): Expense rate 1.39%, management fee 1.25%. WWWEX is a global equity mutual fund that invests in the larger markets of the United States, Europe and Japan; such funds are not restricted by geography. With a five-year annual return of 23.49%, the fund is a diversified fund with a long track record of success.
These examples highlight the fact that there are some very good mutual funds out there. If your mentor gets you in a good place, that’s great! If not, you may want to talk.
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This article originally appeared on Zacks Investment Research (zacks.com).
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