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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 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, investors can click here to see the complete list of funds.
VALIC Company I Science & Technology (VCSTX - MF report) invests the majority of its assets in science and technology companies. A maximum of 50% of its assets may be utilized to purchase foreign securities. Not more than 15% of its assets can be invested in any single emerging market country. The technology mutual fund has a one year annualized return of 12.14%.
The fund manager is Kennard W. Allen and he has managed this technology mutual fund since 2008.
T. Rowe Price Science & Technology (PRSCX - MF report) seeks capital growth over the long term. The fund invests a large share of its assets in common stocks of firms which are projected to gain from advances in science and technology. The technology mutual fund has a one year annualized return of 6.25%.
As of September 2012, this technology mutual fund held 71 issues, with 7.62% of its total assets invested in Apple Inc.
HighMark NYSE ArcaTech 100 Index A invests in nearly all of the securities which make up the NYSE Arca Tech 100 Index in nearly the same proportion. A minimum of 90% of its assets are invested in securities included in the index. The technology mutual fund has a one year annualized return of 20.03%.
The technology mutual fund has a minimum initial investment of $ 1,000 and an expense ratio of 1.08% compared to a category average of 1.60%.
Black Oak Emerging Technology (BOGSX - MF report) seeks capital appreciation over the long term. The fund invests heavily in equity securities of those firms that are expected to emerge as market leaders in the technology sector. The technology mutual fund has a one year annualized return of 7.75%.
The fund manager is Robert D. Stimpson and he has managed this technology mutual fund since 2006.
Rydex Electronics (RYSAX - MF report) invests the majority of its assets in domestic companies engaged in electronic businesses. It may also invest in derivatives. The fund may utilize its assets to purchase American Depositary Receipts (ADRs). The technology mutual fund is non-diversified and has a one year annualized return of -0.20%.
The technology mutual fund has a minimum initial investment of $ 2,500 and an expense ratio of 1.86% compared to a category average of 1.60%.
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.