3 Great Mutual Fund Picks for Your Retirement

It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.

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.

GMO Global Equity Allocation III (GMGEX): 0.01% expense ratio and 0% management fee. GMGEX is classified as an Allocation Balanced fund, which seeks to invest in a balance of asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual. With annual returns of 11.84% over the last five years, this fund is a winner.

KnightsofColumbus Lrg Cap Val S (KCVSX): 0.83% expense ratio and 0.6% management fee. KCVSX is a Large Cap Value fund. These funds invest in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. KCVSX, with annual returns of 12.88% over the last five years, is a well-diversified fund with a long track record of success.

Invesco Small Cap Value R (VSRAX) is an attractive large-cap allocation. VSRAX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion. VSRAX has an expense ratio of 1.3%, management fee of 0.63%, and annual returns of 19.5% 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).

Zacks Investment Research