Make the Most of Your Retirement with These Top-Ranked Mutual Funds

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.

Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.

Columbia Global Technology Growth Z (CMTFX): 0.91% expense ratio and 0.79% management fee. CMTFX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With annual returns of 14.94% over the last five years, this fund is a winner.

GMO Global Equity Allocation I (GAAUX): 0.11% expense ratio and 0% management fee. GAAUX is an Allocation Balanced mutual fund. Allocation Balanced funds look to invest across asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual; these funds are mostly categorized by their respective asset allocation. With yearly returns of 11.7% over the last five years, GAAUX is an effectively diversified fund with a long reputation of solidly positive performance.

Victory Cornerstone Equity (UCEQX) is an attractive large-cap allocation. UCEQX is a Global - Equity mutual fund investing in bigger markets like the U.S., Europe, and Japan; these kinds of funds aren't limited by geography. UCEQX has an expense ratio of 0.08%, management fee of 0%, and annual returns of 11.72% over the past five years.

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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