The funds in our "Magnificent Retirement Mutual Funds" list are among the best managed and best performing mutual funds available. If you are just finding out about our Top-Ranked Funds list, we welcome you!

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 our Zacks Rank, we've found three mutual funds that would be great additions to any long-term retirement investors' portfolios.

Here are the funds that have achieved the #1 (Strong Buy) Zacks Rank and have low fees.

If you are looking to diversify your portfolio, consider Lord Abbett Convertible Fund A (LACFX Quick QuoteLACFX - Free Report) . LACFX is categorized as a Convertible Bonds fund, and in the fixed income world, these funds are quite unique. These types of securities are a hybrid, meaning they have components of both fixed income and equity. This fund is a winner, boasting an expense ratio of 1.06%, management fee of 0.7%, and a five-year annualized return track record of 10.26%.

AB Small Cap Growth K (QUAKX Quick QuoteQUAKX - Free Report) : 1.08% expense ratio and 0.75% management fee. QUAKX is a Small Cap Growth mutual fund building their portfolio around stocks with market caps under $2 billion and large growth opportunities. With yearly returns of 13.83% over the last five years, QUAKX is an effectively diversified fund with a long reputation of solidly positive performance.

Calvert Equity Portfolio I (CEYIX Quick QuoteCEYIX - Free Report) : 0.71% expense ratio and 0.6% management fee. CEYIX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 14.31% over the last five years.

There you have it. If your financial advisor had you put your money into any of our "Magnificent Retirement Mutual Funds," then they've got you covered. If not, you may need to talk.

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