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Parnassus Core Equity Investor (PRBLX) - free report >>
Hennessy Cornerstone Mid Cap 30 Ins (HIMDX) - free report >>
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Parnassus Core Equity Investor (PRBLX) - free report >>
Hennessy Cornerstone Mid Cap 30 Ins (HIMDX) - free report >>
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3 Top-Ranked Mutual Funds for Your Retirement
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 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.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Hennessy Cornerstone Mid Cap 30 Institutional (HIMDX - Free Report) has a 0.98% expense ratio and 0.74% management fee. HIMDX 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 13.26% over the last five years, this fund clearly wins.
William Blair Large Cap Growth N (LCGNX - Free Report) : 0.9% expense ratio and 0.6% management fee. LCGNX 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 11.24% over the last five years, LCGNX is an effectively diversified fund with a long reputation of solidly positive performance.
Parnassus Core Equity Investor (PRBLX - Free Report) : 0.82% expense ratio and 0.57% management fee. PRBLX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 10.67% over the last 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.