Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?

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.

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term investors' portfolios.

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

American Funds Growth Portfolio 529C (CGPCX): 1.15% expense ratio and 0% management fee. CGPCX 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 annual returns of 12.28% over the last five years, this fund is a winner.

Transamerica Large Cap Value A (TWQAX) is a stand out amongst its peers. TWQAX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With five-year annualized performance of 16.22%, expense ratio of 0.98% and management fee of 0.59%, this diversified fund is an attractive buy with a strong history of performance.

VALIC Co I Mid Cap Strategic Growth (VMSGX) is an attractive large-cap allocation. VMSGX 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 VMSGX has an expense ratio of 0.74%, management fee of 0.64%, and annual returns of 14.17% over the past five years.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.

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

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