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3 Top-Ranked Mutual Funds for Your Retirement

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It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.

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.

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

Fidelity Select Semiconductors (FSELX - Free Report) : 0.69% expense ratio and 0.53% management fee. FSELX is a Sector - Tech mutual fund, allowing investors to own a stake in a notoriously volatile sector with a much more diversified approach. With annual returns of 27.97% over the last five years, this fund is a winner.

Transamerica Large Core I3 (TLATX - Free Report) : 0.52% expense ratio and 0.45% management fee. TLATX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With yearly returns of 11.4% over the last five years, TLATX is an effectively diversified fund with a long reputation of solidly positive performance.

MFS Growth Fund A (MFEGX - Free Report) : 0.84% expense ratio and 0.49% management fee. MFEGX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 11.62% 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.

See More Zacks Research for These Tickers

Normally $25 each - click below to receive one report FREE:

Fidelity Select Semiconductors (FSELX) - free report >>

MFS GROWTH FD (MFEGX) - free report >>

Transamerica Large Core ESG I3 (TLATX) - free report >>

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