Today we are featuring top-performing “Utilities” equity mutual funds, which primarily invest in equity securities of companies from the utilities sector, including telephone or cable-television firms.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Utilities Equity Funds.
3 Choice Samples
ProFunds Utilities UltraSector Inv (UTPIX) seeks daily investment results that correspond to 150% of the daily performance of the Dow Jones U.S. Utilities Index. It is non-diversified.
The fund invests assets that are not invested in equity securities or financial instruments in debt instruments or money market instruments. It routinely employs leveraged investment techniques that magnify gains and losses and result in greater volatility in value.
Exelon Corp. (EXC), Southern Co. (SO) and Dominion Resources Inc. (D) are some key holdings of the fund.
Rydex Telecommunications Inv (RYMIX) was founded in April 1998. The fund seeks capital appreciation by investing in companies engaged in the development manufacture, or sale of service or communication equipment.
The fund may also engage in futures and options transactions, purchase ADRs and U.S. government securities, and enter into repurchase agreements. The fund has outperformed the total returns of its benchmark index in the last 1-, 3-and 5-year periods.
Unit holders have to make a minimum initial investment of $2,500 to enter this Zacks #1 Rank (“Strong Buy”) fund. Dividends and capital gains, if any, are distributed annually.
Federated Capital Income A (CAPAX) seeks to provide investors with current income and long-term growth of income. Capital appreciation is a secondary objective.
The fund invests primarily in income-producing stocks and bonds. It focuses on common stocks that pay dividends and a variety of bonds with high current yields. As of February 2009, its portfolio turnover was 84%.
David P. Gilmore has been lead manager at the fund since its inception in May 1988. The fund has an expense ratio of 1.31%.
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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.
