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Best of Funds

Technology has increasingly become an indispensable 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.

Mutual Fund

Zacks Rank

Total Return YTD

ProFunds Internet Ultra Sector

#1 Strong Buy

28.27%

Waddell & Reed Science & Technology A

#2 Buy

27.64%

Goldman Sachs Technology Tollkeeper A

#4 Sell

20.50%

HighMark NYSE ArcaTech 100 Index A

#1 Strong Buy

20.02%

Buffalo Discovery

#3 Hold

19.72%

 
ProFunds Internet Ultra Sector (INPSX - MF report) seeks a return identical to 150% of the performance of the Dow Jones Internet Composite Index. The fund invests substantially all its assets in a mix of equity securities and derivatives. The non-diversified fund may also invest some part of its assets in money market instruments. The technology mutual fund has a five year annualized return of 7.28%.

The fund manager is Hratch Najarian and he has managed this technology mutual fund since 2011.

Waddell & Reed Science & Technology A (UNSCX - MF report) invests the majority of its assets in science and technology companies. The fund focuses on investing in companies regardless of their sizes. It may invest a substantial part of its assets in foreign instruments. The technology mutual fund has a five year annualized return of 5.07%.

The technology mutual fund has a minimum initial investment of $500 and an expense ratio of 1.37% compared to a category average of 1.60%.

Goldman Sachs Technology Tollkeeper A (GITAX - MF report) seeks capital appreciation over the long term. The fund invests a large share of its assets in equity securities of Technology Tollkeeper companies .These are companies that are positioned to benefit from the proliferation of technology. The technology mutual fund has a five year annualized return of 3.69%.

The fund manager is Jeffrey Rabinowitz and he has managed this technology mutual fund since 2011.

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 five year annualized return of 6.32%.

As of December 2012, this technology mutual fund held 102 issues, with 4.86% of its total assets invested in International Business Machines Corp.

Buffalo Discovery (BUFTX - MF report) seeks capital appreciation over the long term. The fund primarily invests in common stocks of domestic companies whose securities may gain from advances in science and technology. The technology mutual fund has a five year annualized return of 6.87%.

The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.01% compared to a category average of 1.36%.

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.

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