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BNY Mellon Nat Resources I (DLDRX) - free report >>
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BNY Mellon Nat Resources I (DLDRX) - free report >>
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3 Great Mutual Fund Picks 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.
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.
Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.
Ivy Large Cap Growth N (ILGRX - Free Report) : 0.64% expense ratio and 0.61% management fee. ILGRX 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. ILGRX has achieved five-year annual returns of an astounding 14.18%.
State Street Institutional US Equity Investor (SUSIX - Free Report) : 0.4% expense ratio and 0.37% management fee. SUSIX 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 11.98% over the last five years, SUSIX is an effectively diversified fund with a long reputation of solidly positive performance.
BNY Mellon Natural Resources I (DLDRX - Free Report) : 0.89% expense ratio and 0.75% management fee. DLDRX is a Sector - Energy fund, which are comprised of various changing and hugely important industries throughout the massive global energy sector. With a five-year annual return of 15.13%, this fund is a well-diversified fund with a long track record of success.
We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.