3 Top-Ranked Mutual Funds for Your Retirement

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.

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.

JHancock Global Shr/Hlder Yld I (JGYIX) has a 0.84% expense ratio and 0.8% management fee. JGYIX 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 yearly returns of 13.72% over the last five years, this fund clearly wins.

Neuberger Berman Social Responsible R6 (NRSRX): 0.59% expense ratio and 0.54% management fee. NRSRX 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. NRSRX, with annual returns of 17.32% over the last five years, is a well-diversified fund with a long track record of success.

MassMutual Premier Disciplined Growth A (MPGAX) is an attractive large-cap allocation. MPGAX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. MPGAX has an expense ratio of 1.09%, management fee of 0.45%, and annual returns of 16.07% over the past five years.

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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