Benzinga - by Zacks, Benzinga Contributor.
Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.
The easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.
Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.
Wells Fargo Diversified Capital Builder I (EKBYX) has a 0.78% expense ratio and 0.62% management fee. EKBYX is classified as an Allocation Balanced fund, which seeks to invest in a balance of asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual. With yearly returns of 12.65% over the last five years, this fund clearly wins.
Fidelity OTC Portfolio K (FOCKX): 0.69% expense ratio and 0.64% management fee. FOCKX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. FOCKX, with annual returns of 19.1% over the last five years, is a well-diversified fund with a long track record of success.
Invesco Gold & Special Minerals R6 (OGMIX) is an attractive large-cap allocation. Sector - Precious Metal funds like OGMIX normally invest in stocks focused on the mining and production of precious metals such as gold, silver, platinum, and palladium. OGMIX has an expense ratio of 0.68%, management fee of 0.6%, and annual returns of 10.41% over the past five years.
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.
To read this article on Zacks.com click here.