3 Great Mutual Funds to Maximize Your Retirement Portfolio – Jul 10, 2023


It’s never too late to invest in mutual funds for your retirement investments. So, if you plan to invest in the best funds, the Zacks Mutual Fund Ranks will provide valuable guidance.

The easiest and most reliable way to judge the quality of a mutual fund over time is to analyze its performance, variance and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, helped identify three great options for his retirement-focused long-term investor portfolio.

Let’s take a closer look at some of the mutual funds with the highest Zacks mutual fund rankings and lowest fees.

Fidelity Focused Equity Fund (FTQGX Free report): Expense ratio 0.79%, administrative expenses 0.62%. FTQGX is a large cap growth option. These mutual funds purchase shares in a number of large US companies that are expected to develop and grow at a faster pace than other large-cap stocks. FTQGX in his 5 years he achieved a staggering annual return of 11.64%.

MM Select Stock Asset I (MSEJX Free Report) stands out among its peers. MSEJX is a global equity mutual fund. These funds invest in large markets such as the US, Europe and Japan and operate with few geographic restrictions. With a 5-year annualized performance of 10.98%, an expense ratio of 0.28% and a management fee of 0.18%, this diversified fund has a solid performance history and is an attractive buy.

TIAA-CREF Socl Choice Equity Institutional (TISCX Free Report) is an attractive large-cap allotment. TISCX is a large-cap blended fund focused on companies with a market capitalization of over $10 billion. These funds offer stability to investors and are perfect for those with a ‘buy and hold’ mindset. Over the past five years, TISCX has an expense ratio of 0.17%, a management fee of 0.15%, and an annual return of 9.89%.

These examples highlight the fact that there are surprisingly good mutual funds out there. If an advisor can point you in the right direction, bravo! If not, we may need to discuss it.

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