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.

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term investors' portfolios.

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 American Funds Investor Company of America 529A (CICAX). CICAX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. This fund is a winner, boasting an expense ratio of 0.59%, management fee of 0.23%, and a five-year annualized return track record of 15.05%.

Fidelity Equity Dividend Income K (FETKX). Expense ratio: 0.46%. Management fee: 0.45%. FETKX 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. This fund has managed to produce a robust 12.98% over the last five years.

Goldman Sachs Intl Eq Insights R6 (GCIUX) is an attractive large-cap allocation. GCIUX is a Non US - Equity option, focusing their investments acoss emerging and developed markets, and can often extend across cap levels too. GCIUX has an expense ratio of 0.78%, management fee of 0.75%, and annual returns of 13.58% 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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