The ongoing war between Russia and Ukraine has prompted several governments, including the Biden administration, to impose sanctions on Russian oil and energy. Crude prices rose due to supply problems from Russia, which is one of the world’s largest producers of the raw material. Prices rose further after the US government banned the import of oil and other energy products.

Geopolitical tensions are expected to keep markets volatile for some time, with the energy sector making the most of this opportunity. Thus, investing in funds exposed to energy stocks should be beneficial in the short term.

Below, we share with you three top-notch energy mutual funds, namely, Fidelity Select Portfolios – Energy Portfolio FSENX, BlackRock Natural Resources Trust Investor A Shares MDGRX and Calvert Global Energy Solutions Fund Class A CGAEX. Everyone has a Zacks Mutual Fund Ranking #1 (Strong Buy) and is expected to outperform its peers going forward. Investors can click here to see the complete list of energy mutual funds.

Fidelity Select Portfolios – Energy Portfolio invests the majority of its assets in securities of companies active in the field of energy. FSENX seeks capital growth and invests primarily in common stocks. The fund focuses on acquiring securities of US and global companies.

Fidelity Select Portfolios – The Energy portfolio posted three-year annualized returns of 11.8%. As of November 2021, FSENX held 53 issues, with 20.6% of its assets invested in EXXON MOBIL CORP.

BlackRock Natural Resources Trust Investor A Shares seeks long-term capital growth and protects shareholders’ purchasing power. MDGRX primarily focuses on companies engaged in natural resource industries, such as energy, petroleum, and mining.

BlackRock Natural Resources Trust Investor A Shares has three-year annualized returns of 18%. Thomas Holl has been one of MDGRX’s fund managers since 2017.

Calvert Global Energy Solutions Fund Class A seeks to track the performance of the Calvert Global Energy Research Index with a focus on the sustainable energy solutions industry. CGAEX invests the majority of its net assets in equity securities of US and non-US companies.

Calvert Global Energy Solutions Fund Class A has three-year annualized returns of 23.4%. CGAEX has an expense ratio of 1.24% versus a category average of 1.26%.

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

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