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Are these 3 Top-Ranked Mutual Funds In Your Retirement Portfolio?

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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.

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.

If you are looking to diversify your portfolio, consider Invesco SteelPath MLPSelect 40 Y (MLPTX). MLPTX is classified as a Sector - Energy mutual fund. Throughout the massive global energy sector, these funds hold a wide range of quickly changing and vitally important industries. This fund is a winner, boasting an expense ratio of 0.87%, management fee of 0.69%, and a five-year annualized return track record of 24.75%.

Fidelity Advisor Stock Select Allocation Cap Z (FZAPX) is a stand out amongst its peers. FZAPX 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 five-year annualized performance of 10.49%, expense ratio of 0.42% and management fee of 0.41%, this diversified fund is an attractive buy with a strong history of performance.

Allspring Discipl US Core Ins (EVSIX - Free Report) : 0.52% expense ratio and 0.35% management fee. EVSIX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 13.32% over the last 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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