The recent war between Israel and the Palestine-based militant group Hamas has affected the global supply chain. Also, the prevailing war between Russia and Ukraine has prompted several governments, including the Biden administration, 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 following the U.S. government’s 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 likely to help in the near term.
Below, we share with you three top-ranked energy mutual funds, viz., Victory Global Energy Transition (RSNRX), Invesco SteelPath MLP Select 40 (MLPFX) and US Global Investors Global Res (PSPFX). 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.
Victory Global Energy Transition fund invests most of its assets in securities of companies that the sub-adviser considers are principally engaged in natural resources industries required for Energy Transition, to develop zero-carbon energy systems and expand access to affordable, sustainable energy services.
Victory Global Energy Transition has three-year annualized returns of 36.3%. As of March 2026, RSNRX held 28 issues, with 11.3% of its assets invested in Compass Minerals International, Inc.
Invesco SteelPath MLP Select 40 fund invests most of its assets, along with borrowings, if any, in master limited partnerships of companies engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLPFX advisors also invest in derivatives and other instruments with similar economic characteristics in the same industry.
Invesco SteelPath MLP Select 40 has three-year annualized returns of 27%. MLPFX has an expense ratio of 1.12%.
US Global Investors Global Res fund invests most of its assets, along with borrowings, if any, in equity and equity-related securities of companies involved in the natural resources industries. PSPFX advisors also invest in industries like natural gas, integrated oil companies, hard rock or oil and gas drilling, oil and gas exploration and production, oil and gas refining, oilfield equipment/services, aluminum, chemicals, base metals and specialty minerals, gold and precious metals, iron and steel, paper and forest products, etc.