The investment seeks total return through current income and capital appreciation. The fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes (measured at the time of purchase) ("Net Assets") in U.S. and non-U.S. equity or fixed income securities issued by energy infrastructure companies. The adviser intends to concentrate its investments in the energy sector.

Nasdaq

GLEIX

The investment seeks total return through current income and capital appreciation. The fund invests at least 80% of its net assets plus any borrowings for investment purposes in U.S. and non-U.S. equity or fixed income securities issued by energy infrastructure companies. The adviser intends to concentrate its investments in the energy sector. It may also invest up to 20% of its Net Assets in non-energy infrastructure investments, including equity and fixed income securities of U.S. and non-U.S. companies.

GLPIX

The investment seeks total return.  The fund has a fundamental policy to concentrate its investments in the natural resources sector, and, under normal market conditions, it invests at least 80% of its assets in the securities of companies in that sector. The fund manager considers the "natural resources sector" to include companies that own, produce, refine, process, transport, and market natural resources and companies that provide related equipment, infrastructure, and services.

GOFIX

The investment seeks to maximize total return, which consists of income on its investments and capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowings made for investment purposes) in securities of natural resources companies and other investments that provide economic exposure to natural resources or natural resources companies (together "natural resources investments"). It will typically invest primarily in equity and equity-related securities consisting of common stock, preferred stock, convertible securities, rights and warrants and depository receipts.

GRHIX

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in midstream energy infrastructure companies. It invests primarily in master limited partnerships ("MLPs") and common stocks without regard to market capitalization. In addition to the aforementioned principal strategies, the fund may also invest in preferred stocks, warrants, options, equity-like instruments, and debt instruments. It is non-diversified.

HMSIX

The investment seeks total return. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in companies operating in the United States in a capacity related to the supply, transportation, production, transmission, or demand of energy, also known as the energy value chain. It invests primarily in common stocks and invests without regard to market capitalization. The fund may also invest up to 25% of its total assets in securities of energy-related master limited partnerships ("MLPs").

HNRIX

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies the Advisor considers Natural Resources and/or Infrastructure focused, which are companies in the Energy, Industrials, Materials and Utilities sectors. Equity securities in which the fund may invest include common stocks and preferred stocks of companies of any market capitalization. It is non-diversified.

ICBMX

The fund normally invests at least 80% of its net assets (plus any borrowings made for investment purposes) in the stock of domestic and foreign issuers that are participating or benefitting from the development of the resources in the Mid-North America area. It may invest in companies of any size. The companies in which the fund invests may include smaller companies that have recently commenced operations and do not have significant revenues.

ICPAX

The investment seeks to provide capital growth and appreciation.  The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in securities of companies within the energy sector, which includes all aspects of the energy industry, such as exploration, discovery, production, distribution or infrastructure of energy and/or alternative energy sources. It also may invest in companies that are not within the energy sector that are engaged in the development of products and services to enhance energy efficiency for the users of those products and services. The fund is non-diversified.

IEYYX

The investment seeks to provide capital growth and appreciation. The fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its net assets in equity securities of companies with operations throughout the world that own, explore or develop natural resources and other basic commodities or supply goods and services to such companies. Under normal circumstances, the manager anticipates that a significant portion of the fund's portfolio will consist of issuers in the energy and materials sectors.

IGNAX

The fund seeks to generate total return, comprised of capital appreciation and income, by investing in master limited partnership interests. It seeks to achieve its investment objective by investing at least 80% of its net assets (plus borrowings for investment purposes) in MLP interests under normal circumstances. MLPs are publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. Under normal circumstances, the fund concentrates its investments in MLPs in the energy sector. It is non-diversified.

IMLPX

Under normal market conditions, the fund will invest at least 80% of its total assets in equity and debt securities of other companies focused in the energy infrastructure sector and in equity and debt securities of master limited partnerships ("MLPs") focused in the energy infrastructure sector. It may invest up to 15% of its net assets in securities that are not registered under the Securities Act of 1933 or that otherwise may not be sold in public offerings, which are commonly known as "restricted" securities.

INFIX

The fund pursues its objective by investing, under normal circumstances, at least 80% of its net assets in global securities of companies with infrastructure-related assets. For purposes of this policy, global securities include: common stock, depositary receipts, real estate securities, master limited partnerships (MLPs) (up to a maximum of 25% of the fund's net assets), preferred stock, rights, warrants, exchange-traded funds (ETFs), and debt securities (up to a maximum of 20% of the fund's net assets).

JEEIX

The mutual fund primarily focuses on investing in renewable infrastructure companies involved in renewable energy production, storage, and transmission, typically through common and preferred stocks. It may also invest in new issues or initial public offerings and is non-diversified.

KARIX

Under normal circumstances, the fund principally invests in equity securities, without regard to market capitalization, of companies whose main business is in the water-related resource sector or that are significantly involved in the water-related resource sector. Water-related resource sector activities may include, but are not limited to, water treatment, engineering, filtration, environmental controls, water-related equipment, water and wastewater services, and water utilities. It is non-diversified.

KBIWX

The fund invests primarily in equity securities of companies with substantial natural resource assets. It will invest at least 80% of its assets in companies with substantial natural resource assets or in securities the value of which is related to the market value of some natural resource asset. The fund normally invests in a portfolio consisting of companies in a variety of natural resource related sectors, such as energy, chemicals, oil, gas, paper, mining, steel or agricultural products.

MAGRX

The investment seeks long-term total return. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of infrastructure companies listed on a domestic or foreign exchange. It will normally invest in at least three countries, including the U.S., and invests at least 40% of its total assets in securities of non-U.S. companies. It may invest in securities issued in any currency and may utilize derivatives, principally forward foreign currency exchange contracts, to seek to hedge (i.e. offset) currency risk.

MGIFX

The fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in Master Limited Partnerships ("MLPs") and Related Companies. It may invest up to 25% of its total assets directly in MLPs that are "qualified publicly traded partnerships" ("QPTPs"), which are treated as partnerships for U.S. federal income tax purposes and are defined more specifically in the provisions applicable to regulated investment companies ("RICs"). The fund may also invest up to 50% of its net assets in foreign securities. It is non-diversified.

MLOZX

Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in master limited partnership ("MLP") investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources and in derivatives and other instruments that have economic characteristics similar to such securities.

MLPNX

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in MLP investments of issuers that are engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources and in derivatives and other instruments that have economic characteristics similar to such securities.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
GLEIX	Goldman Sachs Energy Infrastructure Fund	Energy Equities	Sep 28, 2017	1.23%	15.31%	—	8.86%
GLPIX	Goldman Sachs MLP Energy Infrastructure Fund	Energy Equities	Mar 27, 2013	1.20%	14.78%	1.94%	6.27%
GOFIX	GMO Resources Fund	Energy Equities	Dec 27, 2011	0.72%	-0.13%	6.93%	3.81%
GRHIX	Goehring & Rozencwajg Resources Fund	Energy Equities	Dec 29, 2016	0.92%	12.84%	—	2.82%
HMSIX	Hennessy Midstream Fund	Energy Equities	Dec 30, 2013	1.51%	18.98%	—	8.34%
HNRIX	Hennessy Energy Transition Fund	Energy Equities	Dec 30, 2013	1.92%	15.83%	—	0.00%
ICBMX	ICON Natural Resources and Infrastructure Fund	Energy Equities	May 4, 1997	1.31%	14.27%	12.33%	6.18%
ICPAX	Integrity Mid-North American Resources Fund	Energy Equities	Apr 4, 1999	1.50%	10.19%	-1.47%	1.15%
IEYYX	Delaware Ivy Energy Fund	Energy Equities	Apr 2, 2006	1.28%	5.06%	-4.46%	2.26%
IGNAX	Delaware Ivy Natural Resources Fund	Energy Equities	Jan 1, 1997	1.82%	10.71%	-0.26%	1.75%
IMLPX	MainGate MLP Fund	Energy Equities	Feb 16, 2011	1.44%	15.89%	2.87%	4.58%
INFIX	Tortoise MLP & Energy Income Fund	Energy Equities	Dec 26, 2010	1.13%	11.89%	2.84%	5.69%
JEEIX	JHancock Infrastructure Fund	Energy Equities	Dec 19, 2013	0.95%	9.13%	5.99%	2.14%
KARIX	Kayne Anderson Renewable Infrastructure Fund	Energy Equities	Nov 29, 2020	1.05%	1.57%	—	2.52%
KBIWX	KBI Global Investors Aquarius Fund	Energy Equities	Oct 11, 2018	1.10%	9.46%	—	4.94%
MAGRX	BlackRock Natural Resources Trust Fund	Energy Equities	Oct 23, 1988	0.87%	7.59%	2.16%	3.87%
MGIFX	Mondrian Global Listed Infrastructure Fund	Energy Equities	Dec 16, 2018	0.95%	2.86%	—	5.26%
MLOZX	Cohen & Steers MLP & Energy Opportunity Fund, Inc.	Energy Equities	Dec 19, 2013	0.90%	11.64%	2.14%	7.97%
MLPNX	Invesco SteelPath MLP Alpha Plus Fund	Energy Equities	Dec 29, 2011	1.34%	21.89%	1.09%	4.86%
MLPOX	Invesco SteelPath MLP Alpha Fund	Energy Equities	Mar 30, 2010	1.29%	21.47%	3.18%	4.81%

The Best Energy Equities Mutual Funds

Risk vs. Return Scatterplot