Non-U.S. mutual funds provide 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 more profitable than those with significant domestic exposure.

Below we share with you four 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.

VY T. Rowe Price International Stock S (IMISX - Free Report) fund aims for long-term capital appreciation. The fund invests the majority of its assets in stocks. It usually invests in at least five countries and may also choose across any market capitalization. The fund manager focuses on diversifying investments outside the United States. IMISX has three-year annualized returns of 8.9%.

Richard N. Clattenburg is the fund manager of IMISX since 2015.

Hartford International Opportunities HLS IB (HBIOX - Free Report) fund aims for long-term capital growth. The fund invests most of its assets in equity securities, comprising non-dollar securities of foreign issuers. The fund diversified its assets across different countries without any bar on the amount of assets it may invest in each country. It may invest in companies domiciled in emerging markets as a percentage of its net assets up to 25% or the weight of emerging markets in the MSCI All Country World ex USA Index plus 10%, whichever is greater. HBIOX has three-year annualized returns of 6.6%.

As of April 2019, HBIOX held 101 issues with 3.23% of its assets invested in Nestle SA.

Fidelity Canada (FICDX - Free Report) fund aims for long-term capital appreciation. The fund invests a large part of its net assets in securities of Canadian issuers and other investments that are tied economically to Canada. FICDX invests up to 35% of total assets in any industry that accounts for more than 20% of the Canadian market. The fund has three-year annualized returns of 6%.

FICDX has an expense ratio of 0.89% compared with the category average of 1.62%.

Artisan International Small Cap Investor (ARTJX - Free Report) fund seeks maximum long-term capital appreciation. The fund invests the majority of its assets in common stocks and other securities of small- and mid-capitalization companies. ARTJX invests a large part of its total assets in securities of non-U.S. companies, in particular developed, emerging and less-developed markets. The fund has three-year annualized returns of 7.1%.

Rezo Kanovich is the fund manager of ARTJX since 2018.