3 Top-Ranked Mutual Funds for Your Retirement

It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.

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 break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.

Nuveen Global Equity Income I (NQGIX): 0.86% expense ratio and 0.71% management fee. NQGIX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. With annual returns of 13.36% over the last five years, this fund is a winner.

Lord Abbett Affiliated Fund R2 (LAFQX): 1.04% expense ratio and 0.32% management fee. LAFQX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With yearly returns of 11.54% over the last five years, LAFQX is an effectively diversified fund with a long reputation of solidly positive performance.

American Funds Inv Co of Amer R5E (RICHX): 0.41% expense ratio and 0.23% management fee. RICHX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 16.43% over the last five years.

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

Zacks Investment Research

Source Zacks-com