There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide.

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.

AQR Large Cap Multi Style N (QCENX): 0.66% expense ratio and 0.25% management fee. QCENX 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. QCENX has achieved five-year annual returns of an astounding 15.38%.

Third Avenue Value Fund Investor (TVFVX) is a stand out amongst its peers. TVFVX is a Small Cap Value mutual fund option, which typically invest in companies with market caps under $2 billion. With five-year annualized performance of 14.39%, expense ratio of 1.38% and management fee of 0.9%, this diversified fund is an attractive buy with a strong history of performance.

Buffalo Blue Chip Growth Instl (BUIEX). Expense ratio: 0.77%. Management fee: 0.75%. Five year annual return: 12.25%. BUIEX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.

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This article originally published on Zacks Investment Research (zacks.com).

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