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.

Eaton Vance Atlanta Cap Focus Growth I (EILGX Quick QuoteEILGX - Free Report) : 0.78% expense ratio and 0.65% management fee. EILGX 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. EILGX has achieved five-year annual returns of an astounding 13.97%.

Fidelity Global Commodity Stock Fund (FFGCX Quick QuoteFFGCX - Free Report) is a stand out amongst its peers. FFGCX 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. With five-year annualized performance of 10.21%, expense ratio of 0.94% and management fee of 0.67%, this diversified fund is an attractive buy with a strong history of performance.

Hartford Stock HLS IA (HSTAX Quick QuoteHSTAX - Free Report) : 0.51% expense ratio and 0.48% management fee. HSTAX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. With a five-year annual return of 11.12%, 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.