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Voya Large Cap Growth W (IGOWX) - free report >>
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Voya Large Cap Growth W (IGOWX) - free report >>
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Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?
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 best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.
Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.
If you are looking to diversify your portfolio, consider Voya Large Cap Growth W (IGOWX - Free Report) . IGOWX 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 is a winner, boasting an expense ratio of 0.72%, management fee of 0.51%, and a five-year annualized return track record of 11.03%.
RMB Smid Cap I (RMBMX - Free Report) : 0.8% expense ratio and 0.7% management fee. RMBMX is a Mid Cap Blend mutual fund, and usually features a portfolio with stocks of various styles and sizes, allowing for diversification within a strategy that focuses on mid cap companies. With yearly returns of 12.01% over the last five years, RMBMX is an effectively diversified fund with a long reputation of solidly positive performance.
DFA US Large Cap Equity Institutional (DUSQX - Free Report) is an attractive large-cap allocation. DUSQX 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. DUSQX has an expense ratio of 0.13%, management fee of 0.1%, and annual returns of 11.4% over the past 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.