Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio?

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 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 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 Franklin Utilities A1 (FKUTX). FKUTX is a Sector - Utilities fund, and these types of mutual funds are known for their stability; they focus on companies that provide essential services to millions of people on a daily basis like electric power, gas distribution, and water supply. This fund is a winner, boasting an expense ratio of 0.7%, management fee of 0.46%, and a five-year annualized return track record of 11.92%.

Fidelity Adv Small Cap Value Z (FIKNX). Expense ratio: 0.84%. Management fee: 0.83%. FIKNX is a Small Cap Value mutual fund, investing in small companies with stock market valuation less than $2 billion. This fund has managed to produce a robust 11.26% over the last five years.

American Funds Inv Co of Amer F3 (FFICX) is an attractive large-cap allocation. FFICX 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. FFICX has an expense ratio of 0.26%, management fee of 0.23%, and annual returns of 16.29% over the past five years.

There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.

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

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