Explore three excellent mutual fund options to boost your retirement savings effectively
City: Chicago. It’s never too late to dive into mutual funds for your retirement. If you’re looking to invest wisely, the Zacks Mutual Fund Rank can really help you out.
To figure out how good a mutual fund is, check its performance, diversification, and fees. Zacks has ranked over 19,000 mutual funds, and we’ve found three that stand out for long-term investors aiming for retirement goals.
Let’s take a closer look at these top-ranked mutual funds with low fees.
First up is the Wells Fargo Disciplined US Core Admiral (EVSYX). It has a 0.76% expense ratio and a 0.35% management fee. This fund focuses on large-cap companies, which means it invests in firms worth $10 billion or more. These larger companies tend to be more stable, making this fund a solid choice for those who prefer a “buy and hold” strategy. Plus, it boasts impressive yearly returns of 15.19% over the last five years.
Next, we have the Fidelity Contrafund (FCNTX). With a 0.64% expense ratio and a 0.39% management fee, this fund is all about large-cap growth. It invests in big U.S. companies expected to grow faster than others. Over the past five years, it has delivered yearly returns of 17.53%, making it a well-diversified option with a strong track record.
Lastly, there’s the John Hancock Disciplined Value NAV (JDVNX). This fund has a 0.64% expense ratio and a 0.61% management fee, with a five-year annual return of 10.8%. It focuses on large-cap value stocks, which are companies worth $10 billion or more but whose stock prices don’t reflect their true value.
If you’re working with an investment advisor, hopefully, they’ve got you in one or more of these top-ranked funds. If not, it might be time to chat with them about your options.
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Want to stay updated with the latest recommendations? You can download the 7 Best Stocks for the Next 30 Days for free. Plus, get your free fund analysis reports for EVSYX, FCNTX, and JDVNX.
