3 Top-Ranked Mutual Funds for Your Retirement

There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.

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 Federated MDT Mid Cap Growth A (FGSAX). FGSAX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. This fund is a winner, boasting an expense ratio of 1.14%, management fee of 0.75%, and a five-year annualized return track record of 11.15%.

FPA Queens Road SmCap Value Ins (QRSIX) is a stand out amongst its peers. QRSIX is a Small Cap Value fund, and these funds are known for investing in companies with market caps under $2 billion. With five-year annualized performance of 10.96%, expense ratio of 0.76% and management fee of 0.66%, this diversified fund is an attractive buy with a strong history of performance.

Goldman Sachs Large Cap Value Insights R (GCVRX): 1.17% expense ratio and 0.52% management fee. GCVRX 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. With a five-year annual return of 11.68%, 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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