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3 Magnificent Mutual Funds to Maximize Your Retirement Portfolio

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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.

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

Dreyfus Equity Income I

(DQIRX - Free Report) . DQIRX 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. This fund is a winner, boasting an expense ratio of 0.78%, management fee of 0.7%, and a five-year annualized return track record of 19.11%.

Fidelity Growth Company

(FDGRX - Free Report) : 0.52% expense ratio and 0.51% management fee. FDGRX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. FDGRX, with annual returns of 22.2% over the last five years, is a well-diversified fund with a long track record of success.

T. Rowe Price Institutional Global Value Equity

(PRIGX - Free Report) . Expense ratio: 0.68%. Management fee: 0.63%. Five year annual return: 16.16%. PRIGX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations.

We hope that your investment advisor (if you use one) has you invested in one or all of the top-ranked mutual funds we've reviewed. But if that isn't the case, it might be time to have a conversation or reconsider this vitally important relationship.

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