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Top 5 Energy Mutual Funds
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ShareEnergy is seldom absent from news headlines and is a major issue of controversy and concern for governments and private enterprise alike. Whether it is the BP disaster in the Gulf of Mexico or updates on OPEC decisions, experts and individual investors alike wait with bated breath to know how such events will effect investments in this sector. In the last five-year period energy funds have performed almost twice as well as the nearest domestic equity fund category. Despite the fact that these instruments carry a higher degree of risk, investors looking for higher returns would do well to consider mutual funds from thus category.
Below we will share with you 5 top rated energy mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all energy funds, then click here.
Invesco Energy (FSTEX) seeks capital appreciation over the long term. At least 80% of its assets are used to purchase securities of energy companies. This includes companies which produce or distribute conventional energy, as well as energy conservation and alternative energy companies. This energy mutual fund has a ten year annualized return of 10.75%.
The energy mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.16% compared to a category average of 1.69%.
Rydex Energy Services (RYVIX) invests at least 80% of its assets in equity securities of domestic energy services companies. The fund may also utilize derivatives to fulfill its investment objectives. The energy mutual fund returned 12.81% over the last one year period and has a five year annualized return of 2.48%.
The fund manager is Michael P. Byrum and he has managed this energy mutual fund since 1998.
Fidelity Select Energy (FSENX) seeks capital growth. It invests the majority of its assets in equity securities of companies whose principal operations are related to the energy sector. The fund invests in both conventional energy companies and those focusing on newer sources. The energy mutual fund returned 7.47% over the last one year period.
As of July 2010, this energy mutual fund held 71 issues, with 18.71% of its total assets invested in ExxonMobil Corporation.
ICON Energy (ICENX) invests heavily in equity securities of energy companies that are traded in the U.S. Common and preferred stocks of companies of all sizes constitute the fund’s major investments. The fund invests in companies of all sizes. The energy mutual fund has a five year annualized return of 4.79%.
The energy mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.24% compared to a category average of 1.69%.
Vanguard Energy (VGENX) seeks long term capital appreciation. The majority of its assets are used to purchase common stocks of companies whose primary activities are energy related. This energy mutual fund has a ten year annualized return of 13.95%.
The fund manager is Karl E. Bandtel and he has managed this energy mutual fund since 2002.
To view the Zacks Rank and past performance of all energy funds, then click here.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/
Read the full analyst report on FSTEX
Read the full analyst report on RYVIX
Read the full analyst report on FSENX
Read the full analyst report on ICENX
Read the full analyst report on VGENX
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| Market Summary | Feb 10, 2012 07:02 am ET |
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