Grab These 3 Top-Ranked Energy Mutual Funds for Amazing Returns

The war between Israel and the Palestine-based militant group Hamas has affected the global supply chain. Also, the Russia-Ukraine war prompted several governments, including the United States, to impose sanctions on Russian oil and energy.Crude prices have gone up on supply concerns from Russia, which is one of the world’s biggest producers of the commodity. Prices have risen further after the U.S. government imposed a ban on the import of oil and other energy products.Geopolitical tensions are likely to keep markets volatile for some time, with the energy sector making the most of the opportunity. So, investing in funds with exposure to energy equities is expected to help in the near term.Below, we share with you three top-ranked energy mutual funds, viz., BNY Mellon Natural Resources Fund DNLAX, Invesco SteelPath MLP Select 40 MLPFX and Franklin Natural Resources FRNRX. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of energy mutual funds.BNY Mellon Natural Resources Fund invests most of its assets in securities of domestic and foreign companies, including those in emerging markets, with major exposure in natural resources and natural-resources-related sectors, irrespective of market capitalization. DNLAX advisors choose to invest in growth and value stocks.BNY Mellon Natural Resources Fund has five-year annualized returns of 24.7%. As of December 2024, DNLAX held 37 issues, with 4.9% of its assets invested in Premian Resources.Invesco SteelPath MLP Select 40 invests most of its net assets in master limited partnerships (MLPs) and MLP-related securities. It primarily invests in issuers engaged in the transportation, storage, processing, refining, marketing, exploration, production and mining of minerals and natural resources.Invesco SteelPath MLP Select 40 has three-year annualized returns of 22.5%. Stuart Cartner has been one of the fund managers of MLPFX since April 2010.Franklin Natural Resources invests most of its net assets in equity and debt securities of smaller-capitalization companies in the natural resources sector. FRNRX advisors may also invest a small portion of its net assets in equity or debt securities of any type of issue.Fidelity Natural Resources has three-year annualized returns of 4.6%. FRNRX has an expense ratio of 0.99%.To view the Zacks Rank and the past performance of all energy mutual funds, investors can click here to see the complete list of energy mutual 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 >>Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>View All Zacks #1 Ranked Mutual FundsWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (MLPFX): Fund Analysis Report Get Your Free (DNLAX): Fund Analysis Report Get Your Free (FRNRX): Fund Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks