Top Retirement Income Mutual Funds of 2016

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Find top retirement income mutual funds of 2016. The best funds are Invesco Balanced-Risk Retirement Now Fund, PIMCO RealPath Blend Income Fund, etc.

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:
    Top Retirement Income Mutual Funds of 2016
  1. AllianzGI Retirement Income Fund (AGRAX)
  2. Invesco Balanced-Risk Retirement Now Fund (IANAX)
  3. PIMCO RealPath Blend Income Fund (PBRAX)
  4. Vantagepoint Milestone Retirement Income Fund (VQRRX)
  5. BlackRock LifePath Active Retirement Fund Investor A (BAPBX)
  6. MFS Lifetime Income Fund (MLLAX)
  7. Wells Fargo Dow Jones Target Today Fund (STWRX)
  8. Russell LifePoints In Retirement Fund (RZLAX)
Updated on 6/25/2016

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

NoFund NameTickerYTD Return %Expense Ratio %
1AllianzGI Retirement Income Fund Class AAGRAX4.480.39
2Invesco Balanced-Risk Retirement Now Fund Class AIANAX3.970.25
3PIMCO RealPath Blend Income Fund Class APBRAX3.90.53
4Vantagepoint Milestone Retirement Income Fund TM SharesVQRRX3.840.14
5BlackRock LifePath Active Retirement Fund Investor A SharesBAPBX3.510.42
6MFS Lifetime Income Fund Class AMLLAX3.40.25
7Wells Fargo Dow Jones Target Today Fund - Class ASTWRX3.370.77
8Russell LifePoints In Retirement Fund Class ARZLAX3.130.25

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