Back to top

Image: Bigstock

3 Top-Ranked Mutual Funds for Your Retirement

Read MoreHide Full Article

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 easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.

Let's take a look at some of our top-ranked mutual funds with the lowest fees.

If you are looking to diversify your portfolio, consider Fidelity Advisor Convertible Security Institutional (FICVX - Free Report) . FICVX is categorized as a Convertible Bonds fund, and in the fixed income world, these funds are quite unique. These types of securities are a hybrid, meaning they have components of both fixed income and equity. This fund is a winner, boasting an expense ratio of 0.77%, management fee of 0.57%, and a five-year annualized return track record of 10.4%.

Vanguard US Growth Investor (VWUSX - Free Report) is a stand out amongst its peers. VWUSX 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 five-year annualized performance of 12.8%, expense ratio of 0.3% and management fee of 0.29%, this diversified fund is an attractive buy with a strong history of performance.

T. Rowe Price Mid-Cap Growth I (RPTIX - Free Report) : 0.63% expense ratio and 0.61% management fee. RPTIX 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. With a five-year annual return of 8.3%, this fund is a well-diversified fund with a long track record of success.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.

Published in