Australia markets closed
  • ALL ORDS

    7,709.50
    +21.50 (+0.28%)
     
  • ASX 200

    7,493.80
    +25.50 (+0.34%)
     
  • AUD/USD

    0.7118
    +0.0001 (+0.01%)
     
  • OIL

    81.55
    +0.54 (+0.67%)
     
  • GOLD

    1,925.20
    -4.80 (-0.25%)
     
  • BTC-AUD

    32,271.48
    -292.59 (-0.90%)
     
  • CMC Crypto 200

    520.45
    -6.73 (-1.28%)
     
  • AUD/EUR

    0.6533
    +0.0004 (+0.06%)
     
  • AUD/NZD

    1.0956
    -0.0005 (-0.04%)
     
  • NZX 50

    12,036.05
    +12.59 (+0.10%)
     
  • NASDAQ

    12,051.48
    +236.79 (+2.00%)
     
  • FTSE

    7,769.91
    +8.80 (+0.11%)
     
  • Dow Jones

    33,949.41
    +205.57 (+0.61%)
     
  • DAX

    15,160.50
    +27.65 (+0.18%)
     
  • Hang Seng

    22,688.90
    +122.12 (+0.54%)
     
  • NIKKEI 225

    27,382.56
    +19.81 (+0.07%)
     

3 Great Mutual Fund Picks for Your Retirement

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.

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.

Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.

Baird Midcap Institutional (BMDIX): 0.81% expense ratio and 0.75% management fee. BMDIX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. BMDIX has achieved five-year annual returns of an astounding 11%.

VALIC Company I Large Cap Growth Fund (VLCGX): 0.74% expense ratio and 0.64% management fee. VLCGX 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. VLCGX, with annual returns of 12.26% over the last five years, is a well-diversified fund with a long track record of success.

Fidelity Advisor Semiconductors M (FELTX). Expense ratio: 1.25%. Management fee: 0.52%. Five year annual return: 14.94%. FELTX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach.

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.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Get Your Free (BMDIX): Fund Analysis Report
 
Get Your Free (FELTX): Fund Analysis Report
 
Get Your Free (VLCGX): Fund Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research