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BNY MELLON NATL RESOURCES A (DNLAX) - free report >>
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BNY MELLON NATL RESOURCES A (DNLAX) - free report >>
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Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?
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.
How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.
Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
BNY Mellon Natural Resources A (DNLAX - Free Report) : 1.13% expense ratio and 0.75% management fee. DNLAX is a Sector - Energy mutual fund, which encompasses a wide range of vastly changing and vitally important industries throughout this massive global sector. DNLAX has achieved five-year annual returns of an astounding 15.35%.
Hartford Stock HLS IB (HIBSX - Free Report) : 0.76% expense ratio and 0.48% management fee. HIBSX 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. HIBSX, with annual returns of 12.08% over the last five years, is a well-diversified fund with a long track record of success.
Pioneer Fundamental Growth R (PFGRX - Free Report) : 1.4% expense ratio and 0.61% management fee. PFGRX 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 a five-year annual return of 11.53%, 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.