Today we are featuring top-performing “Health" equity mutual funds , which primarily invest in equity securities of healthcare and related companies.

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

3 Healthy Picks

Eaton Vance Worldwide Health Sciences A (ETHSX) long-term capital growth by investing in a global and diversified portfolio of health sciences companies. It was incepted in July 1985.

The fund pursues its objective by investing in worldwide health sciences portfolio. The fund invests primarily in common stocks of companies engaged in the development, production or distribution of products related to scientific advances in health care and companies with a broad range of market capitalization's, including small companies.

The fund has an expense ratio of 2.06% and a portfolio turnover of 48% as May 2009. The fund offers dividends and capital gains annually.

Samuel D. Isaly has been lead manager of the fund since

Rydex Inverse S&P 500 Strategy Inv (RYURX) was incepted in January 1994. The investment seeks to provide investment results that inversely correlate to daily performance of the S&P 500 Index.

The fund normally invests in financial instruments with economic characteristics that should perform opposite to those of its underlying index. It is non-diversified.

Unit holders have to make a minimum initial investment of $2,500 to enter this Zacks#1 Rank (“Strong Buy") fund. It has outstripped the total returns of its benchmark index in the last 1-, 3- and 5-year periods.

Rydex Transportation Inv (RYPIX) seeks capital appreciation by investing in companies engaged in providing transportation services or those engaged in design, manufacture, distribution, or sale of transportation equipment.

The fund invests in securities that are traded in the United States, as well as in futures and options contracts. It has an expense ratio of 1.38%.

The fund’s key