Back to top

Image: Bigstock

3 Great Mutual Fund Picks for Your Retirement

Read MoreHide Full Article

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, 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.

Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.

American Funds Fundamentl Investors A

(ANCFX - Free Report) has a 0.59% expense ratio and 0.24% management fee. ANCFX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With yearly returns of 13.72% over the last five years, this fund clearly wins.

Fidelity Advisor Equity Growth Z

(FZAFX - Free Report) is a stand out amongst its peers. FZAFX 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 five-year annualized performance of 18.81%, expense ratio of 0.56% and management fee of 0.54%, this diversified fund is an attractive buy with a strong history of performance.

Northern Income Equity

(NOIEX - Free Report) : 0.49% expense ratio and 0.46% management fee. NOIEX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With a five-year annual return of 13.99%, this fund is a well-diversified fund with a long track record of success.

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.

Published in