This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
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With every passing year, the world’s appetite for energy continues to increase steadily. Governments and corporations alike are therefore constantly on the lookout for new energy sources or more efficient technology in this domain. For fast growing economies such as China and India, the situation is even more acute. Thus, prices of these invaluable resources are surging and investors could benefit from the situation by investing in the energy industry. Energy mutual funds are a superior option for forays into the industry as they reduce risks involved by holding widely diversified portfolios.
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, investors can click here to see the complete list of funds.
Vanguard Energy (VGENX - MF report) seeks capital growth over the long term. The fund utilizes the majority of its assets to purchase common stocks of companies whose primary activities are energy related, including energy conservation and pollution control. The energy mutual fund has a three year annualized return of 17.22%.
The fund manager is Karl E. Bandtel and he has managed this energy mutual fund since 2002.
Calvert Global Alternative Energy A (CGAEX - MF report) invests a large share of its assets in domestic and foreign companies from the alternative energy sector. The fund focuses on acquiring common stocks of small and mid-cap companies. The energy mutual fund has a three year annualized return of - 6.73%.
The energy mutual fund has a minimum initial investment of $2,000 and an expense ratio of 1.85% compared to a category average of 1.59%.
Nuveen Tradewinds Global Resources A (NTGAX - MF report) seeks capital growth over the long term. The fund invests the majority of its assets in equity securities of energy and natural resources companies worldwide. The energy mutual fund has a three year annualized return of 17.61%.
The fund manager is Andrew J Thelen and he has managed this energy mutual fund since 2012.
ProFunds UltraSector Oil & Gas Investor (ENPIX - MF report) invests heavily in equity and related securities of companies across the world whose primary operations involve natural resources. The fund selects firms which are expected to gain from increasing demand for natural resources. This energy mutual fund has a three year annualized return of 24.59%.
As of January 2012, this energy mutual fund held 97 issues, with 16.91% of its total assets invested in Exxon Mobil Corporation.
JHancock2 Natural Resources 1 (JINRX - MF report) seeks total return over the long term. The fund invests a large share of its assets in equity and related securities of companies across the world whose primary operations involve natural resources. The energy mutual fund has a three year annualized return of 16.18%.
The energy mutual fund has an expense ratio of 1.12% compared to a category average of 1.43%.
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.
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