Geopolitical tensions have been reshaping energy markets in ways that caught a lot of attention lately. Between the Middle East situation and ongoing supply chain disruptions from Russia, crude prices have been volatile. That's actually created a solid opportunity for investors looking at the energy sector.

I've been looking at some top energy mutual funds that could potentially benefit from this environment. Three that stand out based on their track records are worth considering if you're thinking about adding energy exposure to your portfolio.

Fidelity Select Energy Portfolio (FSENX) is one that's been performing well. It focuses on traditional energy like oil and gas, but also covers newer sources like solar and geothermal. The fund uses fundamental analysis to pick holdings, and it's been delivering solid returns - around 9.1% annualized over three years. As of early 2025, it held about 35 positions with significant exposure to large-cap energy names.

Then there's Invesco SteelPath MLP Select 40 (MLPFX), which takes a different approach. It invests in master limited partnerships across the energy infrastructure space - think pipelines, storage, processing. This one's been the strongest performer of the bunch with 25.4% annualized returns over three years. The strategy makes sense given how critical infrastructure is to energy supply chains.

The third option I'm watching is Fidelity Natural Resources Fund (FNARX). This one casts a wider net into natural resources and precious metals, not just energy. It's shown 14.3% annualized returns over three years with a reasonable 0.69% expense ratio.

If you're considering top energy mutual funds as a way to position for continued volatility and supply concerns, these three have solid fundamentals backing them. The energy sector's been a beneficiary of geopolitical uncertainty, and these funds offer different angles on capturing that opportunity. Worth researching if energy exposure fits your overall strategy.