Top 3 Mutual Funds for Retirement – May 15, 2023


You can never go wrong with investing in retirement mutual funds. So, if you’re still looking for the best mutual funds, Zacks Mutual Fund Rank could be a great guide.

The best way to shortlist a good mutual fund is to ensure solid performance, diversification and low fees. While some are better than others, he used Zacks Mutual Fund Ranks to identify three mutual funds that could be a sure addition to his retirement portfolio.

Let’s take a look at some of the top-ranked mutual funds with the lowest fees.

MainStay Large Cap Growth R6 (MLRSXMore Free report): Expense rate 0.63%, Administrative expenses 0.61%. MLRSX 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. With an annual return of 11.48% over the last five years, this fund is a winner.

Principal increase R5 (PCAQX Free Report) stands out among its peers. PCAQX belongs to the large-cap blended section, and these mutual funds mostly invest in companies with a market capitalization of $10 billion or more. These funds offer more stability by investing in larger companies and are often suitable for investors with a ‘buy and hold’ mindset. With a 5-year annualized performance of 11.9%, an expense ratio of 0.7% and a management fee of 0.44%, this diversified fund is an attractive buy with a strong track record.

Vanguard Windsor II Investor (VWNFXMore Free report): Expense rate 0.34%, Administrative expenses 0.33%. VWNFX belongs to the large-cap category and invests in stocks with a market capitalization of $10 billion or more, but whose stock prices do not reflect their intrinsic value. The fund is primarily invested in equities and has a long reputation for excellent performance, with annual returns of 10.38% for him over the past five years.

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

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>>Yes, I would like to protect my portfolio in a recession<

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