Investors may find non-U.S. mutual funds more attractive than those with significant domestic exposure. Moreover, non-U.S. mutual funds are excellent choices for those looking to diversify their investments across a wide range of foreign countries including both emerging and developed nations. Thus, investing in non-U.S. mutual funds may prove to be profitable.

Below we share with you three top-ranked non-U.S. mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. To view the Zacks Rank and past performance of all non-U.S. mutual funds, investors can click here to see the complete list of Non-US funds.

American Funds EuroPacific Growth Fund F-2 (AEPFX – Free Report) seeks appreciation of capital for the long run. AEPFX invests the lion’s share of its assets in common stocks with growth potential issued by companies based in Europe and the Pacific Basin. The fund may also invest in securities of companies based in emerging countries. American Funds EuroPacific Growth Fund F-2 has three-year annualized returns of 8.5%.

AEPFX has an expense ratio of 0.60% compared with the category average of 1.19%.

Oakmark International Investor (OAKIX – Free Report) seeks long-term growth of capital. OAKIX invests a bulk of its assets in a portfolio of common stocks of companies based outside the United States. It may invest in overseas markets, including the emerging ones. Oakmark International Investor has three-year annualized returns of 9.2%.

Michael Manell has been one of the fund managers of OAKIX since 2016.

Fidelity International Capital Appreciation (FIVFX – Free Report) primarily invests in securities of foreign companies including those that operate in emerging markets. FIVFX seeks growth of capital for the long run. It measures the industry position as well as financial and market condition of each company before selecting investments. The fund focuses on acquiring securities of companies from different countries. Fidelity International Capital Appreciation fund has three-year annualized returns of 9.7%.