3 Top-Performing Mutual Funds to Consider for Your Retirement Portfolio

Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.

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 break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.

If you are looking to diversify your portfolio, consider BlackRock Advantage Large Cap Core C (MCLRX). MCLRX 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. This fund is a winner, boasting an expense ratio of 1.48%, management fee of 0.43%, and a five-year annualized return track record of 12.27%.

Fidelity Advisor Biotechnology Z (FIJYX): 0.57% expense ratio and 0.56% management fee. FIJYX is part of the Sector - Health category, offering investors a focus on the healthcare industry, one of the largest sectors in the American economy. FIJYX, with annual returns of 13.02% over the last five years, is a well-diversified fund with a long track record of success.

Hartford Schroder Intl Multi Val R4 (HFYSX): 1.14% expense ratio and 0.7% management fee. HFYSX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 13.12% over the last five years.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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

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