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 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.
Allspring Precious Metals I (EKWYX): 0.85% expense ratio and 0.65% management fee. EKWYX is a Sector – Precious Metal mutual fund, typically investing in companies that are involved in the mining and production of precious metals like gold, silver, platinum, and palladium. With annual returns of 27.06% over the last five years, this fund is a winner.
AQR Managed Futures Strategy R6 (AQMRX): 1.15% expense ratio and 1.05% management fee. AQMRX 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. AQMRX, with annual returns of 12.2% over the last five years, is a well-diversified fund with a long track record of success.
Glenmede Disciplined US SmCap Eq (GQSCX): 0.65% expense ratio and 0.55% management fee. GQSCX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion. With a five-year annual return of 13%, this fund is a well-diversified fund with a long track record of success.
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 (AQMRX): Fund Analysis Report
This article originally published on Zacks Investment Research (zacks.com).