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.

BNY Mellon Natural Resources I (DLDRX Quick QuoteDLDRX - Free Report) has a 0.89% expense ratio and 0.75% management fee. DLDRX is a Sector - Energy mutual fund, which encompasses a wide range of vastly changing and vitally important industries throughout this massive global sector. With yearly returns of 14% over the last five years, this fund clearly wins.

Voya Growth & Income Portfolio A (IAVGX Quick QuoteIAVGX - Free Report) : 1.12% expense ratio and 0.6% management fee. IAVGX is a Large Cap Blend fund, targeting companies with market caps of over $10 billion. These funds offer investors a stability, and are perfect for people with a "buy and hold" mindset. With yearly returns of 10.23% over the last five years, IAVGX is an effectively diversified fund with a long reputation of solidly positive performance.

Great-WestMultiMgrLgCapGrowIns (MXGSX Quick QuoteMXGSX - Free Report) : 0.65% expense ratio and 0.62% management fee. MXGSX 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 12.66%, 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.