The funds in our "Magnificent Retirement Mutual Funds" list are some of the top-performing, best managed funds available. If you're already invested in them, congratulations! If you're not, don't worry - it's never too late to start getting the advantages of these outstanding funds for your retirement.

Great performance, diversification, and low fees: it's a pretty simple formula for a great mutual fund. Some are better than others, but utilizing our Zacks Rank, we have identified three mutual funds that would make great additions to long-term investors' portfolios.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

Franklin Small-Mid Cap Growth Adviser (FSGAX Quick QuoteFSGAX - Free Report) : 0.62% expense ratio and 0.46% management fee. FSGAX is a Small Cap Growth mutual fund and tends to feature small companies in up-and-coming industries and markets. With annual returns of 11.56% over the last five years, this fund is a winner.

Baird Midcap Institutional (BMDIX Quick QuoteBMDIX - Free Report) : 0.82% expense ratio and 0.75% management fee. BMDIX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. BMDIX, with annual returns of 11.58% over the last five years, is a well-diversified fund with a long track record of success.

JPMorgan Large Cap Growth R2 (JLGZX Quick QuoteJLGZX - Free Report) is an attractive large-cap allocation. JLGZX 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. JLGZX has an expense ratio of 1.19%, management fee of 0.45%, and annual returns of 17.46% over the past 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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