3 great mutual fund choices for your retirement – August 23, 2022

It’s never too late to invest in mutual funds for retirement. So, if you’re considering investing in some of the best funds, Zacks Mutual Fund Rankings can provide you with valuable guidance.

The easiest and most reliable way to assess the quality of a mutual fund over time is to analyze its performance, diversification and fees. The Zacks Mutual Fund Rankings, which covers more than 19,000 mutual funds, helped us identify three exceptional options that are ideal for the portfolios of long-term retirement-focused investors.

Let’s break down some of the mutual funds with the best Zacks mutual fund rankings and lowest fees.

If you are looking to diversify your portfolio, consider MassMutual Select Equity Opportunities Service Class (MMFYX free report). MMFYX is classified as a Large Cap Blend fund. Most often, large-cap mutual funds invest in companies with a market cap of more than $10 billion. Buying stakes in larger companies gives these funds more stability and is well suited to investors with a buy-and-hold mentality. This fund is a winner, with an expense ratio of 0.93%, management fees of 0.69% and a five-year annualized return history of 11.89%.

Janus Henderson Enterprise R (JDMRX free report). Spending rate: 1.4%. Management fee: 0.64%. JDMRX is a Mid Cap Growth mutual fund. Mid-cap growth funds select stocks — typically companies with a market capitalization between $2 billion and $10 billion — that present broad growth opportunities for investors relative to their peers. This fund has managed to produce a solid 11.91% over the past five years.

AB Large Cap Growth A (APGAX free report): expense ratio of 0.81% and management fee of 0.48%. APGAX is a Large Cap Growth option; these mutual funds buy stakes in many large US companies that are expected to expand and grow at a faster rate than other large cap stocks. The fund is primarily invested in equities, has a long reputation for healthy performance and has posted annual returns of 15.6% over the past five years.

So. If your financial advisor has put your money in one of our top-ranked funds, they’ve got you covered. Otherwise, you may need to speak.

Dolores W. Simon