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

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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.

Fidelity Large Cap Stock Fund (FLCSX - Free Report) : 0.68% expense ratio and 0.36% management fee. FLCSX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. FLCSX has achieved five-year annual returns of an astounding 10.77%.

Deutsche Science and Technology S (KTCSX - Free Report) : 0.71% expense ratio and 0.45% management fee. KTCSX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. KTCSX, with annual returns of 12.77% over the last five years, is a well-diversified fund with a long track record of success.

MainStay Large Cap Growth I (MLAIX - Free Report) : 0.71% expense ratio and 0.61% management fee. MLAIX 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. With a five-year annual return of 11.38%, 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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