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STOCKS TRADE MIXED WITH FED'S POWELL IN SPOTLIGHT

U.S. manufacturing sector sends a challenging signal for the Federal Reserve

3 Great Mutual Fund Picks for Your Retirement

Zacks Equity Research
·2 min read

There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

Fidelity Series Opportunistic Insights (FVWSX) has a 0.27% expense ratio and 0% management fee. FVWSX 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. With yearly returns of 10.45% over the last five years, this fund clearly wins.

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T. Rowe Price Cap Appreciation Adviser (PACLX): 0.96% expense ratio and 0.59% management fee. PACLX is an All Cap Value mutual fund, which invests in small, medium, and large-cap companies, though they end up focusing on bigger firms due to percentage of assets. With yearly returns of 9.92% over the last five years, PACLX is an effectively diversified fund with a long reputation of solidly positive performance.

Parnassus Core Equity Fund I (PRILX): 0.61% expense ratio and 0.57% management fee. PRILX is a Large Cap Value fund. These funds invest in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.12% over the last five years.

There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.

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Zacks Investment Research