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.

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

Integrity Dividend Harvest Fund A (IDIVX): 0.95% expense ratio and 0.75% management fee. IDIVX 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. IDIVX has achieved five-year annual returns of an astounding 15.08%.

Nationwide BNYMellon US Eq Inc IS (NWAOX). Expense ratio: 0.64%. Management fee: 0.6%. NWAOX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. This fund has managed to produce a robust 13.57% over the last five years.

T. Rowe Price Financial Services I (TFIFX). Expense ratio: 0.68%. Management fee: 0.63%. Five year annual return: 13.81%. TFIFX is a Sector - Finance fund. The financial space is notoriously large, complex, and heavily-regulated, and these funds give investors a stable, diversified approach to investing in this industry.

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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