Top Performing Retirement Income Funds
Retirement income mutual funds invest mainly in a mix of stocks, bonds, and cash. These funds are popular for people already in or entering retirement. The fund managers tend to manage the funds with a conservative asset allocation strategy. The fund objective is to provide steady income throughout retirement.From this best performing funds list, you may find each individual fund review. The fund is sorted based on its past 5 year performance (up to April 2015). Whether it is for your brokerage account or retirement account or 401k plan, you need to find the right fund for your long term plan. You can find the fund performance, expense ratio, and yield or dividend from the table below.
Best retirement income mutual funds 2015 are:
- American Century One Choice In Retirement Portfolio Fund (ARTOX)
- TIAA-CREF Lifecycle Retirement Income Fund (TLRRX)
- Vanguard Target Retirement Income Fund (VTINX)
- JPMorgan SmartRetirement Income Fund (JSRAX)
- BlackRock LifePath Retirement Portfolio Investor A (STLAX)
- Principal LifeTime Strategic Income Fund (PALTX)
- State Farm LifePath Retirement Fund (SLRAX)
- Harbor Target Retirement Income Fund (HARCX)
- MFS Lifetime Income Fund (MLLAX)
American Century One Choice In Retirement Portfolio Fund
American Century One Choice In Retirement Portfolio Fund invests mainly in other American Century mutual funds. The fund usually has a mix of 45% of its assets in stock funds, 45% of its assets in bond funds, and 10% of its assets in money market funds. The fund expense fee is only 0.76%. It has $2 billion of assets.More: Best Retirement Income Mutual Funds 2013
Morningstar has ranked this mutual fund with 5 star and bronze rating. For the past 5 year, it has an annualized return of 7.60%. This fund of fund has a yield of 2.14%.
TIAA-CREF Lifecycle Retirement Income Fund
This TIAA-CREF Lifecycle Retirement Income Fund has assets of $357 million. This target date fund will invest 40.00% of the fund’s assets to equity underlying funds and 60.00% of its assets to fixed-income underlying funds. The current yield is 2.40%. Its expense fee is 0.63%.This best retirement income mutual fund has returned 7.84% over the past 3 year, and 7.39% over the past 5 year. This fund is ranked with 5 star and bronze rating by Morningstar.
Vanguard Target Retirement Income Fund
This Vanguard Target Retirement Income Fund has $11.74 billion of assets. This Vanguard fund utilizes its assets to purchase other Vanguard mutual funds according to an asset allocation strategy designed for investors currently in retirement. The current yield is 1.79%.More: Best Performing Retirement Income Mutual Funds 2014
This top retirement income mutual fund has returned 6.66% over the past 1 year, and 5.69% over the past decade. The past 3 years performance is as follows:
- Year 2015: 1.75% (YTD)
- Year 2014: 5.54%
- Year 2013: 5.87%
- Year 2012: 8.23%
Top Retirement Income Funds Performance
| No | Fund Name | Ticker | 5 Year Return % |
|---|---|---|---|
| 1 | American Century One Choice In Retirement Portfolio Investor Class | ARTOX | 7.62 |
| 2 | TIAA-CREF Lifecycle Retirement Income Fund Retail Class | TLRRX | 7.34 |
| 3 | Vanguard Target Retirement Income Fund Investor Shares | VTINX | 6.58 |
| 4 | JPMorgan SmartRetirement Income Fund Class A Shares | JSRAX | 6.54 |
| 5 | BlackRock LifePath Retirement Portfolio Investor A Shares | STLAX | 5.99 |
| 6 | Principal LifeTime Strategic Income Fund Class A | PALTX | 5.91 |
| 7 | State Farm LifePath Retirement Fund Class A | SLRAX | 5.88 |
| 8 | Harbor Target Retirement Income Fund Investor Class | HARCX | 5.87 |
| 9 | MFS Lifetime Income Fund Class A | MLLAX | 5.75 |
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