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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.

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

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

If you are looking to diversify your portfolio, consider Franklin Convertible Securities A (FISCX - Free Report) . FISCX is a Convertible Bonds fund, which are unique investment opportunities because they have both fixed income and equity components, making them hybrid securities. This fund is a winner, boasting an expense ratio of 0.83%, management fee of 0.46%, and a five-year annualized return track record of 10.88%.

Deutsche Science and Technology S (KTCSX - Free Report) is a stand out amongst its peers. KTCSX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With five-year annualized performance of 10.33%, expense ratio of 0.71% and management fee of 0.45%, this diversified fund is an attractive buy with a strong history of performance.

MFS Mass Investors Growth Stock R4 (MIGKX - Free Report) : 0.46% expense ratio and 0.33% management fee. MIGKX 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 a five-year annual return of 12%, this fund is a well-diversified fund with a long track record of success.

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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