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3 Great Mutual Fund Picks for Your Retirement

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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.

Goldman Sachs Focused Value Instl (GFVSX - Free Report) has a 0.72% expense ratio and 0.69% management fee. GFVSX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With yearly returns of 10.28% over the last five years, this fund clearly wins.

Voya Corporate Leaders Trust Fund B (LEXCX - Free Report) : 0.49% expense ratio and 0% management fee. LEXCX 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 10.92% over the last five years, LEXCX is an effectively diversified fund with a long reputation of solidly positive performance.

Oberweis Small-Cap Opportunities (OBSOX - Free Report) : 1.25% expense ratio and 0.8% management fee. OBSOX is a Small Cap Growth mutual fund building their portfolio around stocks with market caps under $2 billion and large growth opportunities. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 16.58% over the last five years.

There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.

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