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Fidelity Select Technology (FSPTX) - free report >>
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Fidelity Select Technology (FSPTX) - free report >>
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3 Great Mutual Fund Picks for Your Retirement
Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.
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 take a look at some of our top-ranked mutual funds with the lowest fees.
Fidelity Select Technology (FSPTX - Free Report) : 0.67% expense ratio and 0.52% management fee. FSPTX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With annual returns of 12.47% over the last five years, this fund is a winner.
JPMorgan Large Cap Growth R5 (JLGRX - Free Report) is a stand out amongst its peers. JLGRX 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. With five-year annualized performance of 15.13%, expense ratio of 0.54% and management fee of 0.45%, this diversified fund is an attractive buy with a strong history of performance.
Arrow Managed Futures Strategy I (MFTNX - Free Report) : 1.29% expense ratio and 0.85% management fee. 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 a five-year annual return of 13.21%, 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.