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3 Great Mutual Fund Picks for Your Retirement

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

If you are looking to diversify your portfolio, consider Janus Henderson Global Life Science S (JFNSX - Free Report) . JFNSX is a Sector - Health mutual fund, which give investors an opportunity to focus on healthcare, one of the largest sectors of the American economy. This fund is a winner, boasting an expense ratio of 1.18%, management fee of 0.64%, and a five-year annualized return track record of 11.55%.

MFS Mass Investors Growth Stock R2 (MIRGX - Free Report) is a stand out amongst its peers. MIRGX 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. With five-year annualized performance of 11.68%, expense ratio of 0.96% and management fee of 0.33%, this diversified fund is an attractive buy with a strong history of performance.

T. Rowe Price Dividend Growth Fund (PRDGX - Free Report) : 0.64% expense ratio and 0.48% management fee. PRDGX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people 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 10.81% 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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