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Top Energy Equity Funds
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ShareToday we are featuring top-performing "Energy" equity mutual funds, which primarily invest in equity securities of energy and/or natural resources companies.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Energy Equity Funds.
3 Hot Picks
BlackRock Energy & Resources A (SSGRX), founded in March 1990, seeks to provide long-term growth of capital.
The fund normally invests at least 80% of its net assets in securities of energy and natural resources companies, as well as companies in associated businesses and utilities. The fund expects to invest primarily in developed markets, particularly the U.S. and Canada, but may also invest in emerging markets. The fund's investments may include common and preferred stocks, convertible securities, warrants and depositary receipts.
The fund typically distributes any net income and net capital gains to shareholders in December. It has an expense ratio of 1.52%.
Daniel J. Rice, III has been lead manager of the fund since March 1990. Before joining BlackRock, Rice had been a senior vice president and a portfolio manager of the State Street Research Global Resources Fund.
Ivy Global Natural Resources A (IGNAX) seeks long-term growth of capital. It was founded in January 1997.
The fund invests at least 80% of its net assets in equity securities of companies that own, explore or develop natural resources and other basic commodities or supply goods. It invests in securities of any size throughout the world.
The fund has an expense ratio of 1.40%. As of June 2009, it has a portfolio turnover of 191%.
Frederick Sturm has been lead manager of the fund since January 1997.
US Global Inv Global Resources (PSPFX), founded in August 1983, seeks long-term growth of capital plus protection against inflation and monetary instability.
The fund normally invests at least 80% of its assets in the equity securities of companies within the natural resource industry. The fund invests without limitation in the various sectors of the natural resource industry, such as oil, gas, and basic materials.
Shareholders have to make a minimum initial investment of $5,000 to enter this Zacks #1 Rank ("Strong Buy") fund. It has an expense ratio of 1.50%.
Frank E. Holmes has been lead manager of the fund since June 1999. Holmes is CEO and Chief Investment Officer of U.S. Global Investors, Inc.
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 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.
Read the full analyst report on SSGRX
Read the full analyst report on IGNAX
Read the full analyst report on PSPFX
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| Market Summary | May 26, 2012 03:49 am ET |
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