The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!

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 our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.

Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.

Jensen Quality Growth Fund R (JENRX Quick QuoteJENRX - Free Report) : 1.24% expense ratio and 0.49% management fee. JENRX 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 annual returns of 12.84% over the last five years, this fund is a winner.

Janus Henderson Global Technology I (JATIX Quick QuoteJATIX - Free Report) . Expense ratio: 0.78%. Management fee: 0.64%. JATIX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. This fund has managed to produce a robust 18.88% over the last five years.

MFS Mid-Cap Growth Fund I (OTCIX Quick QuoteOTCIX - Free Report) . Expense ratio: 0.83%. Management fee: 0.71%. Five year annual return: 13.82%. OTCIX 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.

So, there you have it - if your advisor has you invested in any of our "Magnificent Retirement Mutual Funds," they are certainly earning their keep. If not, you may want to look elsewhere.

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