Best Retirement Income FundsRetirement 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|