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.

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

JPMorgan Developed Intl Value A (JFEAX): 0.99% expense ratio and 0.55% management fee. JFEAX 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. JFEAX has achieved five-year annual returns of an astounding 15.29%.

Fidelity Series International Value (FINVX): 0.01% expense ratio and 0% management fee. FINVX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations FINVX, with annual returns of 14.48% over the last five years, is a well-diversified fund with a long track record of success.

BlackRock Advantage Large Cap Growth R (BMCRX Quick QuoteBMCRX - Free Report) : 1.12% expense ratio and 0.56% management fee. BMCRX 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 13.44%, 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.