Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio?
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It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.
The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.
Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.
AQR Global Equity Fund R6
(AQGRX) has a 0.7% expense ratio and 0.6% management fee. AQGRX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. With yearly returns of 12.69% over the last five years, this fund clearly wins.
Fidelity Advisor Balanced Fund M
(FAIGX) is a stand out amongst its peers. FAIGX 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 five-year annualized performance of 11.64%, expense ratio of 1.06% and management fee of 0.38%, this diversified fund is an attractive buy with a strong history of performance.
T. Rowe Price New America Growth Adviser
(PAWAX). Expense ratio: 1.05%. Management fee: 0.64%. Five year annual return: 18.99%. PAWAX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks.
These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.
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