Today we are featuring top-performing “Health” equity mutual funds, which primarily invest in equity securities of healthcare and related companies.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Health Equity Funds.

3 Robust Samples

Fidelity Select Medical Equipment & Systems (FSMEX) was incepted in April 1998. The investment seeks capital appreciation by investing in securities of healthcare companies.

The fund may invest in securities of foreign issuers and invest a significant percentage of assets in a single issuer. It is non-diversified.

The fund’s top holdings include Baxter International Inc. (BAX), Covidien Ltd. (COV) and Medtronic Inc. (MDT).

Evergreen Health Care A (EHABX) seeks long-term capital growth. It primarily invests in equity securities of issuers that derive more than 50% of their sales from products and services in healthcare.

The fund may invest in securities of relatively well known and large companies as well as small- and medium-sized companies. It may invest in securities of both domestic and foreign issuers.

Robert C. Junkin has been lead manager at the fund since March 2007. It has an expense ratio of 1.84%.

Manning & Napier Life Sciences (EXLSX) seeks long-term growth. The fund invests in securities of companies involved in the life sciences industry.

It may invest in U.S. and foreign stocks, including American Depository Receipts (ADRs) and other U.S. dollar denominated securities of foreign issuers. As of March 2009, it portfolio turnover was 94%.

Unit holders have to make a minimum initial investment of $2,000 to enter this Zacks#1 Rank (“Strong Buy”) fund. It distributes dividends and capital gains, if any, annually.

Discover Many More Funds

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.

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