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Amana Growth Institutional (AMIGX) - free report >>
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Make the Most of Your Retirement with These Top-Ranked Mutual Funds
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.
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 take a look at some of our top-ranked mutual funds with the lowest fees.
American Century Fundamental Equity R (AFDRX - Free Report) : 1.29% expense ratio and 0.79% management fee. AFDRX 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 annual returns of 11.89% over the last five years, this fund is a winner.
Victory Sycamore Established Value I (VEVIX - Free Report) : 0.58% expense ratio and 0.45% management fee. VEVIX is a Mid Cap Value mutual funds that aims to target medium-sized companies that possess strong value and income opportunities for investors. VEVIX, with annual returns of 10.62% over the last five years, is a well-diversified fund with a long track record of success.
Amana Growth Fund Institutional (AMIGX - Free Report) is an attractive large-cap allocation. AMIGX 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. AMIGX has an expense ratio of 0.67%, management fee of 0.62%, and annual returns of 15.84% 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.