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3 Top-Ranked Mutual Funds 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.

The easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.

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

American Funds Mutual Fund 529A (CMLAX - Free Report) : 0.6% expense ratio and 0.23% management fee. CMLAX 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 annual returns of 12.93% over the last five years, this fund is a winner.

Fidelity Select Insurance (FSPCX) is a stand out amongst its peers. FSPCX is a Sector - Finance mutual fund option, which provide investors with a diversified and stabilized investment approach focused on the financial space, which is a notoriously large, complex, and heavily-regulated industry. With five-year annualized performance of 20.9%, expense ratio of 0.69% and management fee of 0.67%, this diversified fund is an attractive buy with a strong history of performance.

Principal Strategic Asset Management Strategy Growth J (PSWJX) is an attractive large-cap allocation. PSWJX is an Allocation Balanced mutual fund. Allocation Balanced funds look to invest across asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual; these funds are mostly categorized by their respective asset allocation. PSWJX has an expense ratio of 0.44%, management fee of 0.28%, and annual returns of 12.91% over the past 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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