Investors can find such funds by checking out the entire list of the Zacks #1 Rank Global Equity Funds.

3 Superb Choices

Eaton Vance International Equity A (PARWX) seeks total return for shareholders. The fund primarily invests in foreign equity securities.

The fund focuses on a diversified portfolio of foreign common stocks of companies domiciled in countries represented in the Morgan Stanley Capital International Europe, Australasia and Far East index. As of April 2009, its portfolio turnover was 35%.

Nestle SA, Novartis AG (NVS) and British American Tobacco Plc (BTI) are among the fund’s top holdings.

EM Capital India Gateway A (EMINX) was incepted in July 2007. The investment seeks long-term capital growth and income.

The fund invests at least 80% of its assets in equity securities of Indian companies listed on Indian stock exchanges and Indian-related companies listed on global stock exchanges. It primarily focuses on small and mid-cap companies.

Unit holders have to make a minimum initial investment of $1,000 to enter this Zacks#1 Rank (“Strong Buy") fund. It distributes dividends and capital gains, if any, annually.

William Blair International Growth (WBIIX) seeks long-term capital appreciation. The fund invests in common stocks from a broad range of foreign companies of all sizes, including developed and emerging markets.

The fund follows in-depth, bottom-up research methods to select well-managed, quality growth companies that are expected to maintain superior growth, profitability and quality relative to other companies in the same industry worldwide.

W. George Greig has been lead manager at the fund since its inception in July 2002. The fund has an expense ratio of 0.98%.

Discover Many More Funds

Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.

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.

The fund invests the equity portion of its portfolio primarily to predominantly in mid- and large cap companies, with the remaining portion of its equity portfolio in smaller companies. As of December 2008, its portfolio turnover was 25.23%.

The fund's top holdings include British American Tobacco Plc (BTI), Wyeth (WYE) and Groupe Danone.

Franklin Strategic Income A (FRSTX) seeks high current income with capital appreciation as a secondary consideration. The fund invests at least 65% of its assets in U.S. and foreign debt securities.

The fund may invest substantially all of its assets in high-yield, lower-quality debt securities. It may invest a portion of assets in bank loans and loan participations. The fund has outperformed the annual return of its benchmark index in the last 1-, 3- and 5-year periods.

Christopher J. Molumphy has been the lead manager at the fund since its inception in May 1994. The fund has an expense ratio of 0.91%.

Franklin Gold and Precious Metals A (FKRCX) seeks capital appreciation. Its secondary objective is to provide shareholders with current income through dividends or interest received from its investments.

Unit holders have to make a minimum initial investment of $1,000 to enter the fund that enjoys a Zacks#1 Rank ("Strong Buy"). It distributes dividends and capital gains, if any,annually.

AngloGold Ashanti Ltd. (AU), Newcrest Mining Ltd. and Randgold Resources Ltd. (GOLD) are key holdings at the fund.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Global Equity Funds list.

3 Solid Picks

First Eagle Global A (SGENX) seeks long-term capital growth by investing in a wide range of asset classes from markets in the United States and around the world. It has a flexible approach and invests in securities regardless of market capitalization, sector or asset class.

The fund invests in undervalued common stocks, bonds, preferred and convertible securities and, at times, real estate and gold-related investments. It has topped its benchmark index in terms of total annual returns in the 1-, 3- and 5-year periods.

Berkshire Hathaway Inc. (BRK.A) SMC Corp. and Sodexho Alliance are among the fund's top holdings.

ING Global Value Choice A (NAWGX) was incepted in April 1993 and seeks long-term capital appreciation.

The fund invests in undervalued companies both U.S. and overseas that possess catalysts to improve profitability and/or unlock value. As of October 2008, its turnover ratio was 73%.

Unit holders have to make a minimum initial investment of $1,000 to enter the Zacks#1 Rank ("Strong Buy") shares. The fund distributes dividends and capital gains, if any, annually.

Mutual Discovery A (TEDIX) seeks capital appreciation. It may invest significantly in foreign equity and debt securities and participations in government debt.

As of March 31, 2009, the fund had invested 49% of its assets in stocks, 46% in cash and 4% in bonds. It has an expense ratio of 1.30%. It distributes dividends semi-annually and capital gains annually.

The fund's key holdings include UST Inc. (UST), British American Tobacco Plc (BATS) and Groupe Danone.

Discover Many More Funds

Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our new mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.

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.