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.

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

MFS Blended Research Core Equity B (MUSBX) has a 1.49% expense ratio and 0.4% management fee. MUSBX 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. With yearly returns of 17.35% over the last five years, this fund clearly wins.

American Funds Growth Port R2E (RBGEX): 0.82% expense ratio and 0% management fee. RBGEX 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. With yearly returns of 13.14% over the last five years, RBGEX is an effectively diversified fund with a long reputation of solidly positive performance.

Shelton Emerging Markets Investor (EMSLX) is an attractive large-cap allocation. EMSLX is a Non US - Equity fund. Many of these funds like to allocate across emerging and developed markets, and will often focus on all cap levels. EMSLX has an expense ratio of 1.23%, management fee of 1%, and annual returns of 10.64% 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.

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

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