Technology has increasingly become an indispensible part of our daily lives and the future prospects of this sector only seem brighter. However, the boom of tech funds in the late nineties and their subsequent downfall during the decline that followed has invoked a certain degree of skepticism even among those bullish on this category. But for investors seeking aggressive growth over the long term, investing in funds that focus on technology and innovation could be a prudent option in times to come.

Below we will share with you the 5 best performing technology mutual funds year to date. To view the Zacks Rank and past performance of all technology funds, investors can click here to see the complete list of funds.

The technology mutual fund has a minimum initial investment of $15,000 and an expense ratio of 1.72% compared to a category average of 1.62%.

Fidelity Select Computers ( FDCPX - MF report ) seeks capital growth. The fund invests the majority of its assets in common stocks of domestic and foreign companies engaged in research, design, development, manufacture or distribution of products, processes or services related to the computer industry. The technology mutual fund has a three year annualized return of 40.39%.

The fund manager is Matthew S. Schuldt and he has managed this technology mutual fund since 2010.

T. Rowe Price Global Technology ( PRGTX - MF report ) invests the majority of its assets in companies which expect to derive a large proportion of their revenues from the development and application of technology. The fund invests at least 30% of its assets in both mature and developing foreign markets. The technology mutual fund has a three year annualized return of 40.64%.

As of December 2011, this technology mutual fund held 106 issues, with 10.41% of its total assets invested in Apple, Inc.

T. Rowe Price Science & Technology ( PRSCX - MF report ) seeks capital growth over the long term. The fund invests the majority of its assets in common stocks of firms which stand to gain form technological advances. It may invest in both established companies and new emerging firms. The technology mutual fund has a three year annualized return of 34.12%

The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.90% compared to a category average of 1.62%.

Fidelity Select Technology ( FSPTX - MF report ) invests primarily in companies that develop or offer products, processes, or services that benefit significantly from technological advances. The technology mutual fund has a three year annualized return of 39.86%

The fund manager is Charlie Chai and he has managed this technology mutual fund since 2007.

To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds.

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.