Today we are featuring top-performing “Energy” equity mutual funds, which primarily invest in equity securities of energy and/or natural resources companies.

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

3 Hot Picks

ICON Energy (ICENX) seeks long-term capital appreciation. It invests at least 80% of its net assets in equity securities of companies in the energy sector which are traded in the U.S.

The fund adopts a quantitative methodology to identify securities that are under priced relative to value. The U.S. equity securities in which the fund may invest include common and preferred stocks of companies of any market capitalization.

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

Derek Rolligson has been lead manager of the fund since May 2007. Rolligson was with Navigant Consulting from 1997 to 2000 as a research analyst in corporate litigation.

DWS Climate Change A (WRMAX) was incepted in September 2007. The investment seeks maximum return (growth of capital and income).

The fund is permitted, but not required, to invest up to 30% of assets in various types of derivatives, particularly futures. As of February 2009, its portfolio turnover was 126%.

Nicolas Huber has been lead manager of the fund since September 2007. Suntech Power Holdings (STP) and Itron Inc. (ITRI) are among the fund’s key holdings.

Munder Energy A (MPFAX) was incepted in March 2001. The fund invests in equity securities of U.S. and non-U.S. companies which significantly benefit from or derive revenue from non-regulated energy or power-related activities.

The fund invests in small, medium, and large capitalization companies. The fund may invest without limit in IPOs.

Brian Kozeliski has been lead manager at the fund since February 2009. Kozeliski is a Chartered Financial Analyst and has been with the firm since 2005.

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 mutual funds section. This part of Zacks.com offers a variety of tools Incorporatedluding 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.

Zacks Investment Research
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