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.

Victory Munder Multi-Cap Y (MNNYX) has a 0.93% expense ratio and 0.75% management fee. MNNYX is part of the Sector - Tech mutual fund category that invests in technology and lets investors own a stake in a notoriously volatile sector, but with a much more diversified approach. With yearly returns of 15.17% over the last five years, this fund clearly wins.

JPMorgan Europe Dynamic I (JFESX): 0.98% expense ratio and 0.6% management fee. JFESX is a Europe - Equity mutual fund investing in stocks across the vast European continent. With yearly returns of 10.3% over the last five years, JFESX is an effectively diversified fund with a long reputation of solidly positive performance.

Brandes International Small Cap Equity A (BISAX Quick QuoteBISAX - Free Report) is an attractive large-cap allocation. BISAX is a Non US - Equity option, focusing their investments acoss emerging and developed markets, and can often extend across cap levels too. BISAX has an expense ratio of 1.28%, management fee of 0.95%, and annual returns of 18.63% over the past 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.