3 Top-Ranked Mutual Funds 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.

The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

Columbia Small Cap Value I Class A (CSMIX) has a 1.22% expense ratio and 0.81% management fee. CSMIX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion. With yearly returns of 15.68% over the last five years, this fund clearly wins.

NYLI Winslow LargeCap Grow I (MLAIX): 0.69% expense ratio and 0.61% management fee. MLAIX 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. MLAIX, with annual returns of 16.62% over the last five years, is a well-diversified fund with a long track record of success.

Nuveen LargeCap Value R6 (TRLIX) is an attractive large-cap allocation. TRLIX 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. TRLIX has an expense ratio of 0.41%, management fee of 0.4%, and annual returns of 15.6% over the past five years.

There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.

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

Zacks Investment Research

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