Back to top

Mutual Fund Commentary

More often than not the technology sector is likely to report above par earnings than other sectors as the demand for technology and innovation remains high. However, technology stocks are considered to be more volatile than other sector specific stocks in the short run. In order to minimize this short term volatility almost all tech funds adopt a growth management style with a focus on strong fundamentals and a relatively higher investment horizon. Investors having an above par appetite for risk and fairly longer investment horizon should park their savings in these funds.

 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

ProFunds Technology Ultra Sector (TEPIX - MF report) invests almost all its assets in a mix of equity securities and derivatives and seeks a return of 150% of the performance of the Dow Jones U.S Technology Sector Index. The non-diversified fund may also invest some part of its assets in money market instruments. The technology mutual fund has a three year annualized return of 41.39%

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 1.63%.

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 35.97%.

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 36.31%.

As of March 2012, this technology mutual fund held 120 issues, with 10.53% of its total assets invested in Apple, Inc.

Goldman Sachs Technology Tollkeeper A (GITAX - MF report) seeks long term capital appreciation. At least 80% of its assets are invested in equity securities of Tollkeeper companies .These are companies that are positioned to benefit from the proliferation of technology. The technology mutual fund has a three year annualized return of 26.72%.

The technology mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.50% compared to a category average of 1.63%.

DWS Technology A (KTCAX - MF report) 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 28.27%.

The fund manager is Walter Holick and he has managed this technology mutual fund since 2009.

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

 

Mutual Fund

Zacks Rank

Total Return YTD

ProFunds Technology Ultra Sector

#1 Strong Buy

33.9%

Fidelity Select Computers

#1 Strong Buy

25.3%

T. Rowe Price Global Technology

#1 Strong Buy

24.9%

Goldman Sachs Technology Tollkeeper A

#1 Strong Buy

23.2%

DWS Technology A

#1 Strong Buy

22.5%

 

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.

Please login to Zacks.com or register to post a comment.

If you wish to go to ZacksFunds.com, click OK. If you do not, click Cancel.

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%