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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.

How can you tell a good mutual fund from a bad one? It's pretty basic: if the fund is diversified, has low fees, and shows strong performance, it's a keeper. Of course, there's a wide range, but using the Zacks Mutual Fund Rank, we've found three mutual funds that would be great additions to any long-term investors' portfolios.

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

VY T. Rowe Price Diversified Mid Cap Growth S2 (IAXTX - Free Report) : 1.2% expense ratio and 0.74% management fee. IAXTX is a Mid Cap Growth mutual fund. These funds aim to target companies with a market capitalization between $2 billion and $10 billion that are also expected to exhibit more extensive growth opportunities for investors than their peers. With annual returns of 11.39% over the last five years, this fund is a winner.

Invesco Small Cap Value R6 (SMVSX): 0.69% expense ratio and 0.63% management fee. SMVSX is a Small Cap Value mutual fund, investing in small companies with stock market valuation less than $2 billion. SMVSX, with annual returns of 26.23% over the last five years, is a well-diversified fund with a long track record of success.

Thornburg Global Opportunities R4 (THOVX) is an attractive large-cap allocation. THOVX 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 THOVX has an expense ratio of 1.4%, management fee of 0.84%, and annual returns of 16.41% over the past 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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