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Make the Most of Your Retirement with These Top-Ranked Mutual Funds

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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.

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.

ASG Managed Futures Strategy Y (ASFYX - Free Report) has a 1.48% expense ratio and 1.25% management fee. ASFYX is classified as an Allocation Balanced fund, which seeks to invest in a balance of asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual. With yearly returns of 11.59% over the last five years, this fund clearly wins.

Dreyfus Fund (DREVX - Free Report) : 0.71% expense ratio and 0.65% management fee. DREVX 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. DREVX, with annual returns of 10.65% over the last five years, is a well-diversified fund with a long track record of success.

Vanguard Dividend Growth Fund (VDIGX - Free Report) : 0.27% expense ratio and 0.26% management fee. VDIGX 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. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 10.27% over the last 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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