Short Description: Never too late to boost your retirement portfolio. Discover three top-ranked mutual funds with strong returns, low fees, and Zacks’ Strong Buy rating.
Read Time: 2 minutes 15 seconds
Main Article
Investing in mutual funds for retirement is a powerful strategy, and starting is never too late. For investors seeking the best funds, tools like the Zacks Mutual Fund Rank are invaluable for identifying top performers. The key to success lies in selecting funds with solid historical performance, broad diversification, and, critically, low fees. This combination helps maximize growth while minimizing costs over the long term, which is essential for building a secure retirement portfolio.
We’ve utilized the Zacks Rank to highlight three mutual funds for retirement that have earned a #1 (Strong Buy) rating. First, consider PIMCO StocksPLUS A (PSPAX), an Allocation Balanced fund. It invests across stocks, bonds, and cash, offering diversification in one package. With a five-year annualized return of 13.03% and an expense ratio of 0.9%, it presents a compelling option for balanced growth. Next, Fidelity Advisor Stock Select All Cap Institutional (FBRNX) targets large-cap growth stocks. It boasts a very low 0.54% expense ratio and has delivered 12.31% annual returns over the past five years, making it a cost-efficient choice for exposure to leading U.S. companies.
For those interested in value investing, Voya Corporate Leaders 100 R (VYCFX) focuses on undervalued large-cap stocks. This fund has achieved an impressive 12.9% annual return over the last five years. While its expense ratio is higher at 1.07%, its consistent performance in the large-cap value space makes it a worthy candidate for a diversified retirement portfolio. These top-ranked mutual funds exemplify the blend of strong performance and reasonable costs that retirees and long-term investors should prioritize.
Short Summary:
Incorporating top-ranked mutual funds with low fees and strong performance is a smart move for any retirement strategy. The Zacks Mutual Fund Rank helps identify standout options like PSPAX, FBRNX, and VYCFX, which offer diversification and solid historical returns. Always review your portfolio with a financial advisor to ensure your investments align with your long-term retirement goals.
