3 Great Mutual Fund Picks for Your Retirement

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.

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

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

Eaton Vance Greater India I (EGIIX): 1.32% expense ratio and 1% management fee. EGIIX is a Pacific Rim - Equity mutual fund; these funds typically invest in companies throughout the dominant export-focused markets of Hong Kong, Singapore, Taiwan, and Korea. EGIIX has achieved five-year annual returns of an astounding 11.13%.

Lord Abbett Affiliated Fund I (LAFYX): 0.44% expense ratio and 0.32% management fee. LAFYX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. With yearly returns of 13.75% over the last five years, LAFYX is an effectively diversified fund with a long reputation of solidly positive performance.

AQR Global Equity Fund I (AQGIX): 0.83% expense ratio and 0.6% management fee. AQGIX 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 a five-year annual return of 17.23%, 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.

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

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