3 Best-Ranked Utilities Mutual Funds to Buy Now - Mutual Fund Commentary
Investors with a conservative mindset looking for stable current income would do well to select utilities funds. The demand for utilities services is virtually independent of prevailing economic conditions as the sector provides essential services that are used on a daily basis. Therefore, they can provide a regular source of income. As difficult market conditions, have little impact on this sector, such funds can also be used as defensive instruments.
Below we will share with you 3 top rated utilities mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all utilities funds, investors can click here to see the complete list of funds.
Fidelity Advisor Utilities A (FUGAX) seeks long-term capital growth. It invests a lion’s share of its assets in companies that are either involved in utilities sector or the ones who derive most of their revenues from operations in this sector. It considers factors including industry and market conditions to invest in companies all over the globe. The non-diversified utilities mutual fund has a three year annualized return of 17.8%.
As of July 2014, this utilities mutual fund held 33 issues, with 10.28% of its total assets invested in Dominion Resources Inc.
Vanguard Utilities Index Admiral (VUIAX) tracks the performance of MSCI US Investable Market Index (IMI)/Utilities 25/50 by using an indexing investment approach. It seeks to perform in line with the benchmarks index’s performance and invests all its assets in stocks that constitute the index. This index consists of companies from the utilities sector regardless of their market capitalization. The non-diversified utilities mutual fund has a three year annualized return of 14%.
The fund manager is Michael D. Eyre and he has managed this utilities mutual fund since 2010.
Fidelity Select Utilities Portfolio (FSUTX) seeks capital growth over the long run. It invests a majority of its assets in utility companies or those deriving a large share of their revenues from operations in this sector. The fund focuses on acquiring common stocks. Factors such as financial strength and economic conditions are considered to invest in companies throughout the world. The non-diversified utilities mutual fund has a three year annualized return of 18.1%.
The fund has an expense ratio of 0.80% compared to a category average of 1.20%.
To view the Zacks Rank and past performance of all utilities mutual funds, investors can click here to see the complete list of funds.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
Investors with a conservative mindset looking for stable current income would do well to select utilities funds. The demand for utilities services is virtually independent of prevailing economic conditions as the sector provides essential services that are used on a daily basis. Therefore, they can provide a regular source of income. As difficult market conditions, have little impact on this sector, such funds can also be used as defensive instruments.
Below we will share with you 3 top rated utilities mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all utilities funds, investors can click here to see the complete list of funds.
Fidelity Advisor Utilities A (FUGAX) seeks long-term capital growth. It invests a lion’s share of its assets in companies that are either involved in utilities sector or the ones who derive most of their revenues from operations in this sector. It considers factors including industry and market conditions to invest in companies all over the globe. The non-diversified utilities mutual fund has a three year annualized return of 17.8%.
As of July 2014, this utilities mutual fund held 33 issues, with 10.28% of its total assets invested in Dominion Resources Inc.
Vanguard Utilities Index Admiral (VUIAX) tracks the performance of MSCI US Investable Market Index (IMI)/Utilities 25/50 by using an indexing investment approach. It seeks to perform in line with the benchmarks index’s performance and invests all its assets in stocks that constitute the index. This index consists of companies from the utilities sector regardless of their market capitalization. The non-diversified utilities mutual fund has a three year annualized return of 14%.
The fund manager is Michael D. Eyre and he has managed this utilities mutual fund since 2010.
Fidelity Select Utilities Portfolio (FSUTX) seeks capital growth over the long run. It invests a majority of its assets in utility companies or those deriving a large share of their revenues from operations in this sector. The fund focuses on acquiring common stocks. Factors such as financial strength and economic conditions are considered to invest in companies throughout the world. The non-diversified utilities mutual fund has a three year annualized return of 18.1%.
The fund has an expense ratio of 0.80% compared to a category average of 1.20%.
To view the Zacks Rank and past performance of all utilities mutual funds, investors can click here to see the complete list of funds.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank in our Mutual Fund Center.
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Source: http://www.zacks.com/stock/news/146452/3-best-ranked-utilities-mutual-funds-to-buy-now
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