Today we are featuring top-performing “Energy” equity mutual funds, which primarily invest in energy or natural resources companies.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Energy Equity Funds.
3 Power Picks
Nuveen Tradewinds Global Resources A (NTGAX) was incepted in December 2006. It seeks long-term capital appreciation by investing in securities selected using an eclectic, value-oriented process.
The fund invests in securities that appear undervalued due to investor overreaction, misperceptions and short-term focus and that have the prospect of strong or improving business fundamentals.
The fund’s top holdings include Newmont Mining Corp. (NEM), Suncor Energy Inc. (SU) and Newcrest Mining Ltd.
Calvert Global Alternative Energy A (CGAEX) aims to achieve long-term growth of capital by investing at least 80% of its net assets in equity securities of companies involved in alternative energy. It is non-diversified.
The fund invests in securities of all market capitalizations. It may also invest in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”).
Unit holders have to make a minimum initial investment of $2,000 to enter the Zacks#1 (“Strong Buy”) fund. It distributes dividends annually.
Munder Energy A (MPFAX) pursues its goal of long-term capital appreciation by investing primarily in domestic and, to a lesser extent, foreign energy-related companies.
The fund invests in small, medium, and large capitalization companies. It may invest without limit in IPOs and also utilize exchange-traded funds (ETFs) to manage cash.
ExxonMobil Corp. (XOM), Occidental Petroleum Corp. (OXY) and BP Plc (BP) are the fund’s key holdings.
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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.
