Should You Add These 3 Top-Performing Mutual Funds to Your Portfolio?

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 way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.

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

Dodge & Cox Balanced Fund I (DODBX): 0.52% expense ratio and 0.5% management fee. DODBX is classified as an Allocation Balanced fund, which seeks to invest in a balance of asset types, like stocks, bonds, and cash, and including precious metals or commodities is not unusual. DODBX has achieved five-year annual returns of an astounding 11.77%.

MassMutual Select Diversified Value R3 (MDVNX): 1.35% expense ratio and 0.5% management fee. MDVNX 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. With yearly returns of 13.89% over the last five years, MDVNX is an effectively diversified fund with a long reputation of solidly positive performance.

American Funds Growth Portfolio R5 (RGWFX): 0.06% expense ratio and 0% management fee. RGWFX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. With a five-year annual return of 12.87%, this fund is a well-diversified fund with a long track record of success.

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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This article originally published on Zacks Investment Research (zacks.com).

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