The prevailing war between Russia and Ukraine has prompted several governments, including the Biden administration, to impose sanctions on Russian oil and energy. Crude prices have gone up on supply concerns from Russia, which is one of the world’s biggest producers of the commodity. Prices have risen further after the U.S. Government imposed a ban on the import of oil and other energy products.Geopolitical tensions are likely to keep markets volatile for some time, with the energy sector making the most of the opportunity. So, investing in funds with exposure to energy equities is likely to help in the near term.Below, we share with you three top-ranked energy mutual funds, viz., Guinness Atkinson Alternative Energy Fund GAAEX, Cohen & Steers MLP & Energy Opportunity Fund, Inc. Class A MLOAX and Eagle MLP Strategy Fund Class A EGLAX. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of energy mutual funds.Guinness Atkinson Alternative Energy Fund invests most of its assets along with borrowings, if any, in publicly traded equity securities of alternative energy companies, irrespective of its market capitalization. GAAEX advisors invest in both domestic and foreign countries, including emerging markets.Guinness Atkinson Alternative Energy Fund has three-year annualized returns of 22.7%. As of June 2022, GAAEX held 30 issues, with 5.31% of its assets invested in Nextera Energy Incorporated.Cohen & Steers MLP & Energy Opportunity Fund, Inc. Class A seeks current income along with capital appreciation by investing most of its net assets in master limited partnerships (MLPs) and MLP-related companies, both domestic and foreign. MLOAX advisors also invest a small portion of its investment in qualified publicly traded partnerships, 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.Cohen & Steers MLP & Energy Opportunity Fund, Inc. Class A has three-year annualized returns of 9.6%. MLOAX has an expense ratio of 1.25% compared with the category average of 1.56%.Eagle MLP Strategy Fund Class A invests most of its net assets in master limited partnerships and MLP-related securities. EGLAX advisors also invest in structured notes or options that derive their returns from a basket of MLPs, or other publicly traded partnerships, corporations or limited liability companies.Eagle MLP Strategy Fund Class A has three-year annualized returns of 16.7%. Edward R. Allen been one of the fund managers of EGLAX since September 2012.To view the Zacks Rank and the past performance of all energy mutual funds, investors can click here to see the complete list of energy mutual funds.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>View All Zacks #1 Ranked Mutual FundsWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (GAAEX): Fund Analysis Report Get Your Free (MLOAX): Fund Analysis Report Get Your Free (EGLAX): Fund Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research