Make the Most of Your Retirement with These Top-Ranked Mutual Funds

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 learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

If you are looking to diversify your portfolio, consider MFS Blended Research Intl Eq R3 (BRXTX). BRXTX is a part of the Non US - Equity fund category, many of which will focus across all cap levels, and will typically allocate their investments between emerging and developed markets. This fund is a winner, boasting an expense ratio of 0.75%, management fee of 0.35%, and a five-year annualized return track record of 12.61%.

Elfun Trusts (ELFNX) is a stand out amongst its peers. ELFNX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With five-year annualized performance of 12.44%, expense ratio of 0.17% and management fee of 0.14%, this diversified fund is an attractive buy with a strong history of performance.

American Funds New Economy R5E (RNGHX) is an attractive large-cap allocation. RNGHX is a Global - Equity mutual fund, which invests their assets in large markets, leveraging the global economy. RNGHX has an expense ratio of 0.55%, management fee of 0.36%, and annual returns of 13.65% 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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