Should You Add These 3 Top-Performing Mutual Funds to Your 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 break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.

Franklin Global Equity IS (SMYSX): 0.83% expense ratio and 0.75% management fee. SMYSX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations With annual returns of 15.56% 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 a part of the Allocation Balanced fund category; these funds like to invest in a variety of asset types, finding a balance between stocks, bonds, cash, and sometimes even precious metals and commodities; they are mostly categorized by their respective asset allocation. GAAUX, with annual returns of 11.58% over the last five years, is a well-diversified fund with a long track record of success.

American Funds Growth Fund of America F3 (GAFFX) is an attractive large-cap allocation. GAFFX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. GAFFX has an expense ratio of 0.29%, management fee of 0.25%, and annual returns of 12.29% 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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