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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.

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.

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

If you are looking to diversify your portfolio, consider Vanguard Market Neutral Investor (VMNFX). VMNFX is a Market Neutral - Equity mutual fund. These funds attempt to maximize returns, and usually hold 50% of their securities in a long position and 50% in a short position. This fund is a winner, boasting an expense ratio of 0.2%, management fee of 0.16%, and a five-year annualized return track record of 13.8%.

Franklin Biotechnology Discovery R6 (FRBRX - Free Report) is a stand out amongst its peers. FRBRX is part of the Sector - Health category, offering investors a focus on the healthcare industry, one of the largest sectors in the American economy. With five-year annualized performance of 11.37%, expense ratio of 0.67% and management fee of 0.61%, this diversified fund is an attractive buy with a strong history of performance.

Columbia Seligman Communications and Information R (SCIRX) is an attractive large-cap allocation. With a much more diversified approach, SCIRX--part of the Sector - Tech mutual fund category--gives investors a way to own a stake in the notoriously risky tech sector. SCIRX has an expense ratio of 1.39%, management fee of 0.79%, and annual returns of 25.78% 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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