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T. Rowe Price All Cap Opportuns I (PNAIX) - free report >>
JPMorgan US Equity L (JMUEX) - free report >>
Brown Advisory Flexible Equity Inst (BAFFX) - free report >>
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3 Top-Ranked Mutual Funds for Your Retirement
There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.
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.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
If you are looking to diversify your portfolio, consider Brown Advisory Flexible Equity Institutional (BAFFX - Free Report) . BAFFX is classified as an Allocation Balanced fund, which seeks to invest in a balance of asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual. This fund is a winner, boasting an expense ratio of 0.54%, management fee of 0.43%, and a five-year annualized return track record of 13.56%.
JPMorgan US Equity Fund L (JMUEX - Free Report) . Expense ratio: 0.54%. Management fee: 0.4%. JMUEX 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. This fund has managed to produce a robust 13.77% over the last five years.
T. Rowe Price New Amer Growth I (PNAIX - Free Report) is an attractive large-cap allocation. PNAIX 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. PNAIX has an expense ratio of 0.66%, management fee of 0.64%, and annual returns of 16.36% 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.