Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

3 Top-Rated Energy Mutual Funds To Boost Gains

Published 08/16/2017, 08:42 AM
Updated 07/09/2023, 06:31 AM

Oil prices stepped up in the recent past after major oil producing nations agreed to cut their crude production. Moreover, a significant decline in U.S. crude inventories had a positive impact on oil prices. A stable domestic economy is also expected to boost overall crude demand. Recent recovery in oil prices pushed the energy sector northward. So, mutual funds that have significant exposure to the energy sector could be solid investments. Mutual funds are better options while foraying into an industry as these reduce risks by holding a diversified portfolio.

Below we share with you three top-ranked energy mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all energy mutual funds, investors can click here to see the complete list of energy funds.

Fidelity Select Energy Service Portfolio FSESX seeks appreciation of capital for the long run. This specialty natural resources fund invests a bulk of assets in equity securities of companies principally involved in the energy service field. FSESX invests heavily in common stocks of energy companies. Fidelity Select Energy Service Portfolio has returned 63.6% since January 2000.

As of June 2017, FSESX held 42 issues with about 14.46% of its assets invested in Schlumberger Ltd.

Columbia Global Energy & Natural Resources Z UMESX seeks capital growth for the long run. UMESX invests a major portion of its assets in securities of domestic and foreign companies. The fund primarily focuses on acquiring securities of companies from the natural resources and energy industries. Moreover, UMESX invests more than half of its assets in petroleum and crude oil companies. Columbia Global Energy & Natural Resources Z has returned about 37% since January 2000.

UMESX has an expense ratio of 1.09% as compared to the category average of 1.37%.

Dreyfus Natural Resources Fund A DNLAX invests the lion’s share of its assets in companies from the natural resources sector. DNLAX seeks capital appreciation over the long run. DNLAX generally invests in both growth and value stocks. DNLAX not only invests in domestic companies but also in foreign companies. Dreyfus Natural Resources Fund A has returned 122.6% since November 2003.

Elizabeth Slover is one of the fund managers of DNLAX since 2011.

To view the Zacks Rank and past performance of all energy mutual funds, investors can click here to see the complete list of energy funds.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>



Get Your Free (DNLAX): Fund Analysis Report

Get Your Free (UMESX): Fund Analysis Report

Get Your Free (FSESX): Fund Analysis Report

Original post

Zacks Investment Research

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.