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Buy These 3 Technology Mutual Funds for a Winning Portfolio
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Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as AI, ML, robotics and data science are the key catalysts to the sector’s growth.
In addition, the majority of funds investing in securities from the technology sector take a growth-oriented approach that includes focusing on companies with strong fundamentals and a relatively better investment prospect. Moreover, technology has come to have a broader meaning than just hardware and software. Social media and Internet companies are now part of the technology landscape.
BlackRock Technology Opportunities Fund Investor A Shares (BGSAX - Free Report) aims for long-term capital appreciation. The fund invests majority of assets in equity securities issued by domestic as well as foreign technology companies across all market capitalization ranges. Such companies are selected primarily for their rapid and sustainable growth potential from the development, advancement and use of technology. BGSAX has three-year annualized returns of 36.4%.
As of August 2021, BGSAX has invested 3.74% of its assets in Apple Inc.
Fidelity Select Computers Portfolio (FDCPX - Free Report) aims for capital appreciation. This non-diversified fund invests the majority of its assets in securities of companies primarily engaged in research, design, development, manufacture or distribution of products and services related to currently available or experimental hardware technology in the computer industry. FDCPX has three-year annualized returns of nearly 25.2%.
Caroline Tall is the fund managers of FDCPX since 2017.
Franklin DynaTech Fund Class A (FKDNX - Free Report) aims for capital appreciation. The fund invests primarily in common stocks and the fund manager focuses on companies that are leaders in innovation, tap new technologies, have superior management, and benefit from new industry conditions. FKDNX has three-year annualized returns of 28%.
FKDNX has an expense ratio of 0.85% compared to the category average of 0.99%.
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Buy These 3 Technology Mutual Funds for a Winning Portfolio
Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as AI, ML, robotics and data science are the key catalysts to the sector’s growth.
In addition, the majority of funds investing in securities from the technology sector take a growth-oriented approach that includes focusing on companies with strong fundamentals and a relatively better investment prospect. Moreover, technology has come to have a broader meaning than just hardware and software. Social media and Internet companies are now part of the technology landscape.
Below we share with you three top-ranked technology mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
BlackRock Technology Opportunities Fund Investor A Shares (BGSAX - Free Report) aims for long-term capital appreciation. The fund invests majority of assets in equity securities issued by domestic as well as foreign technology companies across all market capitalization ranges. Such companies are selected primarily for their rapid and sustainable growth potential from the development, advancement and use of technology. BGSAX has three-year annualized returns of 36.4%.
As of August 2021, BGSAX has invested 3.74% of its assets in Apple Inc.
Fidelity Select Computers Portfolio (FDCPX - Free Report) aims for capital appreciation. This non-diversified fund invests the majority of its assets in securities of companies primarily engaged in research, design, development, manufacture or distribution of products and services related to currently available or experimental hardware technology in the computer industry. FDCPX has three-year annualized returns of nearly 25.2%.
Caroline Tall is the fund managers of FDCPX since 2017.
Franklin DynaTech Fund Class A (FKDNX - Free Report) aims for capital appreciation. The fund invests primarily in common stocks and the fund manager focuses on companies that are leaders in innovation, tap new technologies, have superior management, and benefit from new industry conditions. FKDNX has three-year annualized returns of 28%.
FKDNX has an expense ratio of 0.85% compared to the category average of 0.99%.
To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds.
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