Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.

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.

Brown Advisory WMC Strategic European Equity & Income I (BAFHX Quick QuoteBAFHX - Free Report) : 1.04% expense ratio and 0.9% management fee. BAFHX is a Europe - Equity mutual fund option, and these funds tend to invest their assets in stocks across the European continent, including countries such as Great Britain, Germany, France, Italy, and Spain. With annual returns of 15.88% over the last five years, this fund is a winner.

Heartland Value Fund Investor (HRTVX) is a stand out amongst its peers. HRTVX is a Small Cap Value mutual fund, investing in small companies with stock market valuation less than $2 billion. With five-year annualized performance of 12.21%, expense ratio of 1.09% and management fee of 0.75%, this diversified fund is an attractive buy with a strong history of performance.

DFA International Social Core Equity Institutional (DSCLX): 0.25% expense ratio and 0.22% management fee. DSCLX 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 a five-year annual return of 11.73%, this fund is a well-diversified fund with a long track record of success.

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.