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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 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 take a look at some of our top-ranked mutual funds with the lowest fees.

Goldman Sachs Small Cap Equity Insights I

(GCSIX): 0.84% expense ratio and 0.8% management fee. GCSIX is a Small Cap Blend mutual fund that usually targets companies with a market capitalization of less than $2 billion. With annual returns of 12% over the last five years, this fund is a winner.

American Funds Growth Fund of America C

(GFACX). Expense ratio: 1.35%. Management fee: 0.26%. GFACX 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. This fund has managed to produce a robust 13.68% over the last five years.

Principal Capital Appreciation I

(PWCIX): 0.45% expense ratio and 0.42% management fee. PWCIX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 16.14% over the last 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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This article originally published on Zacks Investment Research (zacks.com).

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