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3 Top-Performing Mutual Funds to Consider for 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 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.

Transamerica Large Cap Value I (TWQIX): 0.63% expense ratio and 0.59% management fee. TWQIX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. TWQIX has achieved five-year annual returns of an astounding 17.64%.

American Funds Growth Fund of America 529C (CGFCX - Free Report) : 1.39% expense ratio and 0.26% management fee. CGFCX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. With yearly returns of 13.88% over the last five years, CGFCX is an effectively diversified fund with a long reputation of solidly positive performance.

Nuveen Quant SMid-Cap Eq I (TSMNX): 0.55% expense ratio and 0.43% management fee. TSMNX is a Small Cap Blend mutual fund, and usually targets stocks with market caps of less than $2 billion, letting investors diversify their funds among other kinds of small-cap equities. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 17.68% over the last five years.

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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