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.

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.

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

AQR Long-Short Equity Fund R6 (QLERX): 1.18% expense ratio and 1.1% management fee. QLERX is a Long Short - Equity option. These funds' investment strategy consists of minimizing overall market exposure, while at the same time taking long positions in equities that are expected to appreciate and short positions in equities that are projected to decline. With annual returns of 26.13% over the last five years, this fund is a winner.

Columbia Dividend Income Fund R5 (CDDRX) is a stand out amongst its peers. CDDRX 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 five-year annualized performance of 13.94%, expense ratio of 0.59% and management fee of 0.53%, this diversified fund is an attractive buy with a strong history of performance.

American Funds Growth Portfolio F1 (GWPFX): 0.38% expense ratio and 0% management fee. GWPFX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. With a five-year annual return of 12.58%, this fund is a well-diversified fund with a long track record of success.

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