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3 Great Mutual Fund Picks 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 easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.

Let's take a look at some of our top-ranked mutual funds with the lowest fees.

Principal Capital Appreciation A (CMNWX - Free Report) : 0.74% expense ratio and 0.42% management fee. CMNWX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a "buy and hold" mindset. With annual returns of 14.25% over the last five years, this fund is a winner.

Fidelity New Millennium (FMILX): 0.78% expense ratio and 0.76% management fee. FMILX is an All Cap Growth mutual fund investing in a wide variety of equities, no matter the size of the company and as long as the firm exhibits growth characteristics. With yearly returns of 20.77% over the last five years, FMILX is an effectively diversified fund with a long reputation of solidly positive performance.

T.Rowe Price Integrat US SMID Core (TQSMX). Expense ratio: 0.87%. Management fee: 0.63%. Five year annual return: 13.94%. TQSMX is a Small Cap Blend mutual fund, allowing investors a way to diversify their funds among various types of small-cap stocks.

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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