3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio

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 best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

If you are looking to diversify your portfolio, consider Alger Focus Equity Y (ALGYX). ALGYX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. This fund is a winner, boasting an expense ratio of 0.61%, management fee of 0.52%, and a five-year annualized return track record of 19.49%.

Van Eck International Investors Gold I (INIIX) is a stand out amongst its peers. INIIX is classified as a Sector - Precious Metal fund, and these mutual funds invest in stocks with a focus on the mining and production of precious metals like gold, silver, platinum, and palladium. With five-year annualized performance of 21.64%, expense ratio of 1% and management fee of 0.65%, this diversified fund is an attractive buy with a strong history of performance.

PIMCO RAE US A (PKAAX) is an attractive large-cap allocation. PKAAX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. PKAAX has an expense ratio of 0.81%, management fee of 0.55%, and annual returns of 13.99% 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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