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 easiest, most reliable way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. The Zacks Mutual Fund Rank, which covers over 19,000 mutual funds, has helped us identify three outstanding options that are perfect for any long-term investors' portfolios that is retirement-focused.

Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.

Fidelity Trend Fund

(FTRNX): 0.52% expense ratio and 0.48% management fee. FTRNX 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 annual returns of 18.89% over the last five years, this fund is a winner.

MFS Mid Cap Value R6

(MVCKX). Expense ratio: 0.62%. Management fee: 0.61%. MVCKX is a Mid Cap Value fund, which usually invests in companies with a stock market valuation between $2 billion and $10 billion. This fund has managed to produce a robust 12.59% over the last five years.

T. Rowe Price New America Growth Adviser

(PAWAX) is an attractive large-cap allocation. PAWAX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. PAWAX has an expense ratio of 1.04%, management fee of 0.64%, and annual returns of 18.68% 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.

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