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 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.

Here are the funds that have achieved the Zacks Mutual Fund Rank #1 (Strong Buy) and have low fees.

PGIM Jennison Value R6 (PJVQX): 0.49% expense ratio and 0.44% management fee. PJVQX 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. PJVQX has achieved five-year annual returns of an astounding 11.35%.

Goldman Sachs Energy Infrastruc R6 (GLESX Quick QuoteGLESX - Free Report) : 1.09% expense ratio and 1% management fee. GLESX is a Sector - Energy fund, which are comprised of various changing and hugely important industries throughout the massive global energy sector. With yearly returns of 24.77% over the last five years, GLESX is an effectively diversified fund with a long reputation of solidly positive performance.

JPMorgan Large Cap Growth I (SEEGX). Expense ratio: 0.69%. Management fee: 0.45%. Five year annual return: 10.62%. SEEGX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers.

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.