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T ROWE PRICE NEW AMER GROWTH (PRWAX) - free report >>
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T ROWE PRICE NEW AMER GROWTH (PRWAX) - free report >>
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Make the Most of Your Retirement with These Top-Ranked Mutual Funds
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, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
Voya Growth & Income Portfolio A (IAVGX - Free Report) : 1.12% expense ratio and 0.6% management fee. IAVGX 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. IAVGX has achieved five-year annual returns of an astounding 12.77%.
T. Rowe Price All-Cap Opportunities Fund (PRWAX - Free Report) : 0.79% expense ratio and 0.64% management fee. PRWAX 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. With yearly returns of 16.26% over the last five years, PRWAX is an effectively diversified fund with a long reputation of solidly positive performance.
Davenport Small Cap Focus Fund (DSCPX - Free Report) . Expense ratio: 0.89%. Management fee: 0.75%. Five year annual return: 12.52%. DSCPX 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.
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.