The energy market is an integral part of the global economy. These three energy-focused mutual funds don't charge a sales load and they also pay dividends: the Vanguard Energy Fund Investor Shares (VGENX), the Fidelity Select Natural Gas Fund (FSNGꦓX), and the Guinness Atkinson Global Energy Fund (GAGEX).꧋

1. Vanguard Energy Fund Investor Shares

The Vanguard Energy Fund Investor Shares (VGENX) is an actively managed fund that offers exposure to companies engaged in the energy business. This includes companies involved with the production and transmission of energy, manufacturing component products, energy research, and investing in energy conservation and pollution control. The fund focuses on energy companies in the U.S. and abroad but up to 100% of its assets may be held in foreign holdings.

The Vanguard Energy Fund held 44 positions representing $5.9 billion in assets as of late August 2024. The 澳洲幸运5官方开奖结果体彩网:utilities sector accounted for 43.60% of holdings followed by integrated oil and gas companies at 33.40%. Foreign holdings represented 37.5% of the fund's assets.

This mutual fund has an 澳洲幸运5官方开奖结果体彩网:expense ratio of 0.44%. The 澳洲幸运5官方开奖结果体彩网:minimum investment is $3,000. The 30-day 澳洲幸运5官方开奖结果体彩网:SEC yield for the Vanguard Energy Fund was 3.19% as of late September 2024.

2. Fidelity Select Energy Portfolio

The Fidelity Select Energy Portfolio (FSENX) focuses on capital appreciation. It invests in companies engaged in the exploration, production, transmission, and distribution of natural gas. This includes companies that provide services and equipment to natural gas producers, refineries, cogeneration facilities, converters, and distributors. At least 80% of fund assets are normally invested in the 澳洲幸运5官方开奖结果体彩网:common stock of these types of businesses.

The Fidelity Select Natural Gas Portfolio held 44 positions representing just $2.04 billion in assets as of late September 2024. Storage & Transportation and Exploration & Production each represented about 30% of the fund's assets. Equipment & Services took up 12.40%. Its holdings were primarily concentrated in the U.S. at 85.39%, followed by Canada at nearly 13.42%.

This mutual fund has an expense ratio of 0.68%. There are no investment minimums.

3. Guinness Atkinson Global Energy Fund

The Guinness Atkinson Global Energy Fund (GAGEX) seeks long-term capital appreciation by investing in companies engaged in the exploration, production, and distribution of oil, gas, and other energy sources. Fund managers look to macro data such as economic indicators and commodity prices to determine asset allocation. They then screen for companies based on valuation, quality, sentiment, and momentum. The fund has the MSCI World Energy Index as its benchmark.

The Guinness Atkinson Global Energy Fund held 32 positions representing $11.3 million in assets as of late August 2024. The Oil & Gas sector accounted for 99.73% of the fund's holdings. The U.S. and Canada accounted for 43.79% and 18.18% of assets respectively.

This fund has a net expense ratio of 1.47%. The minimum investment is $1,000 for individual retirement accounts and $5,000 for other accounts. Subsequent investments must be at least $250.

The Bottom Line

Numerous mutual funds cover the energy industry but only a fe♋w pay dividends. Some of the largest funds of this nature include the Vanguard Energy Fund Investor Shares (VGENX), the Fidelity Select Natural Gas Fund (FSNGX), and the Guinness Atkinson Global Energy Fund (GAGEX). These funds not only pay dividends but they don’t charge a sales load.