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3 Great Mutual Fund Picks for Your Retirement

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Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.

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.

If you are looking to diversify your portfolio, consider Dean Mid Cap Value Fund (DALCX - Free Report) . DALCX is a Mid Cap Value mutual fund, which targets medium-sized companies with a market cap between $2 billion and $10 billion. This fund is a winner, boasting an expense ratio of 0.85%, management fee of 0.75%, and a five-year annualized return track record of 15.77%.

Fidelity Advisor Energy Fund I (FANIX) is a stand out amongst its peers. FANIX is a Sector - Energy mutual fund, which encompasses a wide range of vastly changing and vitally important industries throughout this massive global sector. With five-year annualized performance of 23.84%, expense ratio of 0.72% and management fee of 0.69%, this diversified fund is an attractive buy with a strong history of performance.

JPMorgan US Value A (VGRIX). Expense ratio: 0.94%. Management fee: 0.4%. Five year annual return: 14.6%. VGRIX is a Large Cap Value fund. These funds invest in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value.

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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