The funds in our “Magnificent Retirement Mutual Funds” list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!
The easiest way to judge a mutual fund’s quality over time is by analyzing its performance, diversification, and fees. Using our Zacks 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 break down some of the mutual funds with the highest Zacks Rank and the lowest fees.
AQR Large Cap Momentum Style R6 (QMORX) has a 0.3% expense ratio and 0.25% management fee. QMORX 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. With yearly returns of 10.33% over the last five years, this fund clearly wins.
Harbor Large Cap Value Admiral (HRLVX). Expense ratio: 0.93%. Management fee: 0.6%. HRLVX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. This fund has managed to produce a robust 10.88% over the last five years.
Vanguard Global Minimum Volatility Fund Admiral (VMNVX): 0.15% expense ratio and 0.13% management fee. VMNVX is a Global – Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren’t limited by geography. With a five-year annual return of 10.54%, this fund is a well-diversified fund with a long track record of success.
So, there you have it – if your advisor has you invested in any of our “Magnificent Retirement Mutual Funds,” they are certainly earning their keep. If not, you may want to look elsewhere.
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Investing in underperforming mutual funds is just one of the key errors that can derail your retirement plans.
To learn more, read our just-released report: 9 Retirement Mistakes You Need to Avoid.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.