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, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.

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

ERShares Global Entrepreneur Inst (ENTIX) has a 0.98% expense ratio and 0.89% management fee. ENTIX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. With yearly returns of 9.48% over the last five years, this fund clearly wins.

Goldman Sachs Technology Tollkeeper Service (GITSX). Expense ratio: 1.39%. Management fee: 0.94%. GITSX is part of the Sector - Tech mutual fund category that invests in technology and lets investors own a stake in a notoriously volatile sector, but with a much more diversified approach. This fund has managed to produce a robust 14.28% over the last five years.

American Funds Growth and Income Portfolio R1 (RGNAX): 1.09% expense ratio and 0% management fee. RGNAX 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 9.97% over the last 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.

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

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