Best Retirement Income Funds
Retirement income funds invest mainly in a mix of stocks, bonds, and cash. These funds are suitable for investors who already in or entering retirement. The fund style is managed with a conservative asset allocation strategy. The funds may provide steady income for retirement.Top performing retirement income mutual funds of 2016 are:
- AllianzGI Retirement Income Fund (AGRAX)
- Invesco Balanced-Risk Retirement Now Fund (IANAX)
- PIMCO RealPath Blend Income Fund (PBRAX)
- Vantagepoint Milestone Retirement Income Fund (VQRRX)
- BlackRock LifePath Active Retirement Fund Investor A (BAPBX)
- MFS Lifetime Income Fund (MLLAX)
- Wells Fargo Dow Jones Target Today Fund (STWRX)
- Russell LifePoints In Retirement Fund (RZLAX)
AllianzGI Retirement Income Fund (AGRAX)
AllianzGI Retirement Income Fund has an annual expense ratio fee of 0.95%. This fund invests mainly in certain affiliated mutual funds and exchange-traded funds (ETFs) sponsored by Allianz and Pacific Investment Management Company LLC ("PIMCO") (the "underlying funds"). It has $25 million of assets. The class A fund has a sales load of 5.50%. Its yield is 4.30%.More: Best Retirement Income Mutual Funds 2013
Morningstar has ranked this mutual fund with 1 star rating. In 2016, the year-to-date return is 4.48%. As of June 2016, the top 5 sectors are financial services, healthcare, technology, consumer defensive, and consumer cyclical.
Invesco Balanced-Risk Retirement Now Fund (IANAX)
Invesco Balanced-Risk Retirement Now Fund is ranked with 2 stars rating by Morningstar. This balanced fund utilizes its assets to buy a portfolio that includes Invesco Balanced-Risk Allocation Fund and two affiliated money market funds, Liquid Assets Portfolio and Premier Portfolio.This top performing retirement income fund has returned 2.92% over the past 3 years, and 3.30% over the past 5 years. In 2016, the year to date return is 3.97%.
PIMCO RealPath Blend Income Fund (PBRAX)
The PIMCO RealPath Blend Income Fund is managed by Rahul Devgon, Graham Rennison, and Mihir Worah. It has an expense fee of 0.85%. The total assets are only $3.4 million. Its yield is 1.94%.More: Best Retirement Income Mutual Funds 2015
This PIMCO fund has returned 3.09% in 2016 (YTD). The fund has returned 0.18% over the past 1 year.
Retirement Income Performance
| No | Fund Name | Ticker | YTD Return % | Expense Ratio % |
|---|---|---|---|---|
| 1 | AllianzGI Retirement Income Fund Class A | AGRAX | 4.48 | 0.39 |
| 2 | Invesco Balanced-Risk Retirement Now Fund Class A | IANAX | 3.97 | 0.25 |
| 3 | PIMCO RealPath Blend Income Fund Class A | PBRAX | 3.9 | 0.53 |
| 4 | Vantagepoint Milestone Retirement Income Fund TM Shares | VQRRX | 3.84 | 0.14 |
| 5 | BlackRock LifePath Active Retirement Fund Investor A Shares | BAPBX | 3.51 | 0.42 |
| 6 | MFS Lifetime Income Fund Class A | MLLAX | 3.4 | 0.25 |
| 7 | Wells Fargo Dow Jones Target Today Fund - Class A | STWRX | 3.37 | 0.77 |
| 8 | Russell LifePoints In Retirement Fund Class A | RZLAX | 3.13 | 0.25 |
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