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Make the Most of Your Retirement with These Top-Ranked Mutual Funds

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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.

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.

Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

If you are looking to diversify your portfolio, consider Nuveen Global Equity Income I (NQGIX). NQGIX 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 This fund is a winner, boasting an expense ratio of 0.85%, management fee of 0.71%, and a five-year annualized return track record of 11.87%.

BNY Mellon Equity Income Y (DQIYX - Free Report) : 0.75% expense ratio and 0.7% management fee. DQIYX 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. DQIYX, with annual returns of 16.21% over the last five years, is a well-diversified fund with a long track record of success.

KnightsofColumbus Lrg Cap Val S (KCVSX) is an attractive large-cap allocation. KCVSX 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. KCVSX has an expense ratio of 0.83%, management fee of 0.6%, and annual returns of 12.27% over the past five years.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.

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