Discover three mutual funds that can enhance your retirement savings strategy
To really gauge a mutual fund’s quality, you should look at its performance, diversification, and fees. Zacks covers over 19,000 mutual funds, helping you find three top picks that are great for long-term retirement investors.
Let’s dive into some of Zacks’ highest-rated mutual funds with low fees that you might want to check out.
First up is Eaton Vance Tax-Managed Growth (ETTGX). It has a 0.72% expense ratio and a 0.41% management fee. This fund focuses on large U.S. companies expected to grow faster than their peers, boasting an impressive 14.49% annual return over the last five years.
Next is Principal Capital Appreciation I (PWCIX), with a 0.45% expense ratio and a 0.43% management fee. This fund targets large companies with market caps over $10 billion, making it a stable choice for those who prefer a “buy and hold” strategy. It has delivered a solid 15.08% return in the past five years.
Lastly, we have Invesco Small Cap Value A (VSCAX), which has a 1.11% expense ratio and a 0.63% management fee. This fund invests in smaller companies with market caps under $2 billion and has achieved a remarkable 19.29% annual return over five years.
So there you go! If your financial advisor recommended any of these top-ranked funds, you’re in good hands. If not, it might be time for a chat.