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Fidelity Advisor Utilities I (FUGIX) - free report >>
Victory Sycamore Established Val R6 (VEVRX) - free report >>
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Fidelity Advisor Utilities I (FUGIX) - free report >>
Victory Sycamore Established Val R6 (VEVRX) - free report >>
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Make the Most of Your Retirement with These Top-Ranked Mutual Funds
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 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.
AB Large Cap Growth Adivsor (APGYX - Free Report) has a 0.57% expense ratio and 0.48% management fee. APGYX 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 11.09% over the last five years, this fund clearly wins.
Fidelity Advisor Utilities Fund I (FUGIX - Free Report) is a stand out amongst its peers. FUGIX is a Sector - Utilities mutual fund, focusing on companies that provide essential services such as electric power, gas distribution, and water supply to millions of people on a daily basis. Overall, the utility industry is known for its stability and reduced volatility. With five-year annualized performance of 9.44%, expense ratio of 0.75% and management fee of 0.53%, this diversified fund is an attractive buy with a strong history of performance.
Victory Sycamore Established Value R6 (VEVRX - Free Report) : 0.54% expense ratio and 0.45% management fee. VEVRX is a Mid Cap Value mutual funds that aims to target medium-sized companies that possess strong value and income opportunities for investors. With a five-year annual return of 11.13%, 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.