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Top 5 Technology Mutual Funds
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ShareMutual funds focusing on the technology domain not only invest in companies operating in the sector but also bet on firms who seek to leverage advances in technology. This category emerged as a force to reckon with only about twenty years ago, but their subsequent slide has led many investors to eschew this class of funds. Subsequently, fund prices have been based on stronger fundamentals, substantially reducing the risk involved. With the advantages of professional management, mutual funds are the best option for investing in this category.
Below we will share with you 5 top rated technology mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all technology funds, then click here.
MFS Technology A (MTCAX) invests a large share of its assets in companies whose businesses gain from advancements in the technology domain. Domestic and foreign stocks, including emerging market securities constitute its major investments. The technology mutual fund returned 5.08% in the last one year period.
The technology mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.43% compared to a category average of 1.67%.
Fidelity Select Software and Computer Services (FSCSX) seeks long term capital growth. At least 80% of its assets are invested in companies whose principal operations are related to software or information-based services. The fund may purchase foreign securities and invest a heavily in a single issuer. The technology mutual fund has a five year annualized return of 6.78%.
As of August 2011, this technology mutual fund held 112 issues, with 18.10% of its total assets invested in Microsoft Corporation.
HighMark NYSE ArcaTech 100 Index A (PPTIX) invests at least 90% of its assets in securities which make up the ArcaEx Tech 100 index. Not more than 10% of the fund’s assets may be utilized to enter into index futures and options contracts. The technology mutual fund returned 3.1% in the last one year period.
The fund manager is Donald J. Nesbitt and he has managed this technology mutual fund since 2002.
DWS Technology A (KTCAX) seeks capital appreciation. The fund invests the majority of its assets in common stocks of companies in the technology domain. The fund invests in companies regardless of their size or market capitalization. The technology mutual fund has a three year annualized return of 7.88%.
The technology mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.13% compared to a category average of 1.67%.
RS Technology A (RSIFX) invests a large share of its assets in equity securities of technology companies. It concentrates on purchasing securities of small and mid-cap companies. The fund invests heavily in domestic companies but may also purchase foreign securities. The technology mutual fund has a ten year annualized return of 7.71%.
The fund manager is Stephen J. Bishop and he has managed this technology mutual fund since 2001.
To view the Zacks Rank and past performance of all technology mutual funds, then click here.
About Zacks Mutual Fund Rank
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. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds.
Read the full analyst report on MTCAX
Read the full analyst report on FSCSX
Read the full analyst report on PPTIX
Read the full analyst report on KTCAX
Read the full analyst report on RSIFX
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| Market Summary | May 26, 2012 16:11 pm ET |
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