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

Franklin Convertible Securities Adviser

(FCSZX Quick QuoteFCSZX - Free Report) : 0.58% expense ratio and 0.46% management fee. FCSZX is a Convertible Bonds fund, which are unique investment opportunities because they have both fixed income and equity components, making them hybrid securities. FCSZX has achieved five-year annual returns of an astounding 11.59%.

T. Rowe Price Equity Income Adviser

(PAFDX Quick QuotePAFDX - Free Report) : 0.98% expense ratio and 0.53% management fee. PAFDX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. PAFDX, with annual returns of 10.01% over the last five years, is a well-diversified fund with a long track record of success.

Victory Sycamore Established Value I

(VEVIX Quick QuoteVEVIX - Free Report) : 0.58% expense ratio and 0.45% management fee. VEVIX is a Mid Cap Value mutual fund, which targets medium-sized companies with a market cap between $2 billion and $10 billion. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.47% 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.