We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as artificial intelligence, machine learning, robotics and data science are the key catalysts to the sector’s growth.
In addition, most funds investing in securities from the technology sector take a growth-oriented approach that focuses on strong fundamentals and prospects. 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.
Fidelity Select Semiconductors Portfolio seeks capital appreciation. FSELX invests most of its assets in common stocks of companies principally engaged in the design, manufacture, or sale of electronic components.
Fidelity Select Semiconductors Portfolio has three-year annualized returns of 34.1%. As of the end of February 2023, FSELX held 40 issues, with 24.6% of its assets invested in NVIDIA Corp.
T. Rowe Price Science and Technology Fund seeks long-term capital growth by investing in common stocks of companies expected by T. Rowe Price to benefit from the development, advancement, and use of science and technology. PRSCX advisors invest in foreign stocks, futures, and options.
T. Rowe Price Science and Technology Fund has three-year annualized returns of 8.4%. PRSCX has an expense ratio of 0.84% compared with the category average of 1.05%.
DWS Science and Technology Fund seeks capital appreciation by investing most of its assets in common stocks of U.S. companies in the technology sector. KTCAX advisors use in-depth research to select a diverse portfolio of technology companies with robust and sustainable earnings growth, large and growing markets, leading products and services, and strong balance sheets.
DWS Science and Technology Fund has three-year annualized returns of 10.5%. Sebastian P. Werner has been the fund manager of KTCAX since November 2017.
Image: Bigstock
3 Technology Mutual Funds for Prolific Returns
Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as artificial intelligence, machine learning, robotics and data science are the key catalysts to the sector’s growth.
In addition, most funds investing in securities from the technology sector take a growth-oriented approach that focuses on strong fundamentals and prospects. 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 technology mutual funds, viz., Fidelity Select Semiconductors Portfolio (FSELX - Free Report) , T. Rowe Price Science and Technology Fund (PRSCX - Free Report) and DWS Science and Technology Fund (KTCAX - Free Report) . Each has 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 technology funds.
Fidelity Select Semiconductors Portfolio seeks capital appreciation. FSELX invests most of its assets in common stocks of companies principally engaged in the design, manufacture, or sale of electronic components.
Fidelity Select Semiconductors Portfolio has three-year annualized returns of 34.1%. As of the end of February 2023, FSELX held 40 issues, with 24.6% of its assets invested in NVIDIA Corp.
T. Rowe Price Science and Technology Fund seeks long-term capital growth by investing in common stocks of companies expected by T. Rowe Price to benefit from the development, advancement, and use of science and technology. PRSCX advisors invest in foreign stocks, futures, and options.
T. Rowe Price Science and Technology Fund has three-year annualized returns of 8.4%. PRSCX has an expense ratio of 0.84% compared with the category average of 1.05%.
DWS Science and Technology Fund seeks capital appreciation by investing most of its assets in common stocks of U.S. companies in the technology sector. KTCAX advisors use in-depth research to select a diverse portfolio of technology companies with robust and sustainable earnings growth, large and growing markets, leading products and services, and strong balance sheets.
DWS Science and Technology Fund has three-year annualized returns of 10.5%. Sebastian P. Werner has been the fund manager of KTCAX since November 2017.
To view the Zacks Rank and the past performance of all Technology Mutual Funds, investors can click here to see the complete list of Technology funds.
Want key mutual fund info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>