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 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 take a look at some of our top-ranked mutual funds with the lowest fees.

American Funds Investor Company of America R4 (RICEX): 0.61% expense ratio and 0.23% management fee. RICEX 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. RICEX has achieved five-year annual returns of an astounding 18.38%.

FMI Common Stock Fund (FMIMX): 0.95% expense ratio and 0.79% management fee. FMIMX is a Mid Cap Blend mutual fund, and usually features a portfolio with stocks of various styles and sizes, allowing for diversification within a strategy that focuses on mid cap companies. FMIMX, with annual returns of 16.09% over the last five years, is a well-diversified fund with a long track record of success.

Artisan Global Value Institutional (APHGX). Expense ratio: 1.01%. Management fee: 0.99%. Five year annual return: 16.26%. APHGX 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

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).

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