3 Great Mutual Fund Picks for Your Retirement

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.

PGIM QuantSolutions Intl Equity Z (PJIZX): 0.97% expense ratio and 0.75% management fee. PJIZX is a part of the Non US - Equity fund category, many of which will focus across all cap levels, and will typically allocate their investments between emerging and developed markets. With annual returns of 10.46% over the last five years, this fund is a winner.

Third Avenue Value Z (TAVZX) is a stand out amongst its peers. TAVZX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion. With five-year annualized performance of 15.48%, expense ratio of 1.06% and management fee of 0.9%, this diversified fund is an attractive buy with a strong history of performance.

BNY Mellon Equity Income Y (DQIYX) is an attractive large-cap allocation. 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 has an expense ratio of 0.75%, management fee of 0.7%, and annual returns of 14.51% 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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This article originally published on Zacks Investment Research (zacks.com).

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