3 Top-Ranked Mutual Funds for Your Retirement

Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.

The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.

Let's take a look at some of our top-ranked mutual funds with the lowest fees.

Fidelity Advisor Stock Select Allocation Cap A (FMAMX): 0.79% expense ratio and 0.53% management fee. FMAMX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. FMAMX has achieved five-year annual returns of an astounding 11.96%.

Sterling Capital Behavioral Large Cap Value Equity A (BBTGX): 1.05% expense ratio and 0.45% management fee. BBTGX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. BBTGX, with annual returns of 15.55% over the last five years, is a well-diversified fund with a long track record of success.

JPMorgan Equity Income R3 (OIEPX): 0.95% expense ratio and 0.4% management fee. OIEPX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. With a five-year annual return of 11.15%, this fund is a well-diversified fund with a long track record of success.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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This article originally published on Zacks Investment Research (zacks.com).

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