Top Health Equity Funds

Today we are featuring top-performing “Health" equity mutual funds, which primarily invest in equity securities of companies from the health care sector or related industries.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Heath Equity Funds.

3 Strong Samples

Rydex Biotechnology Inv (RYOIX) seeks capital appreciation by investing in equity securities of biotechnology companies that are traded in the United States.

The fund may also engage in futures and options transactions, purchase ADRs and U.S. government securities, and enter into repurchase agreements. It is non-diversified.

Amgen Inc. (AMGN - Analyst Report), Gilead Sciences Inc. (GILD - Analyst Report) and Celgene Corp. (CELG - Analyst Report) are among the fund’s key holdings.

Putnam Global Health Care A (PHSTX) was founded in May 1982 and seeks capital appreciation.

Although the fund can invest in companies of any size, it primarily invests in large and midsized firms, considering characteristics like valuation, financial strength, competitive position, earnings, and cash flow. The fund’s total returns have outperformed its benchmark index in the last 1-, 3- and 5-year periods.

Kelsey Chen has been the lead portfolio manager at the fund since January 2005. The fund has an expense ratio of 0.66%.

Fidelity Select Health Care (FSPHX) seeks capital appreciation by primarily investing in equity securities of companies engaged in the design, manufacture, or sale of products or services used for, or in, connection with health care.

Unit holders need to make a minimum initial investment of $2,500 to enter the fund. Dividends and capital gains are declared in April and December every year.

The fund’s top holdings include Wyeth (WYE), Merck & Co. Inc. (MRK - Analyst Report) and Allergan Inc. (AGN - Analyst Report).

Discover Many More Funds

Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.

By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward.