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Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio?

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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 best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.

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

Hartford Dividend & Growth R4 (HDGSX - Free Report) has a 1.03% expense ratio and 0.6% management fee. HDGSX 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 yearly returns of 11.24% over the last five years, this fund clearly wins.

Buffalo Small Cap Fund (BUFSX - Free Report) : 1.01% expense ratio and 0.85% management fee. BUFSX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. With yearly returns of 14.03% over the last five years, BUFSX is an effectively diversified fund with a long reputation of solidly positive performance.

Lord Abbett Growth Leaders A (LGLAX - Free Report) is an attractive large-cap allocation. LGLAX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. LGLAX has an expense ratio of 0.91%, management fee of 0.51%, and annual returns of 15.87% 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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