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3 Top-Ranked Technology Mutual Funds to Buy for Stellar Returns

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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 artificial intelligence, machine learning, robotics and data science, are the key catalysts for the sector’s growth.

In addition, most funds investing in securities from the technology sector take a growth-oriented approach that focuses on companies with strong fundamentals and a relatively better investment prospect. 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) , Janus Henderson Global Technology And Innovation Fund (JNGTX - Free Report) and DWS Science and Technology (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 fund invests most of its net assets in common stocks of domestic and foreign companies that are mainly engaged in the design, manufacture, or sale of semiconductors and semiconductor equipment. FSELX advisors choose to invest in stocks based on fundamental analysis factors, including financial condition, industry position and market and economic prospects.

Fidelity Select Semiconductors Portfolio has three-year annualized returns of 44.8%. As of the end of February 2025, FSELX held 46 issues, with 25% of its assets invested in NVIDIA Corp.

Janus Henderson Global Technology And Innovation Fund invests most of its assets, along with borrowings, if any, in securities of domestic and foreign companies that the portfolio managers believe will benefit from advances or improvements in technology. JNGTX advisors choose to invest in companies for their growth potential.

Janus Henderson Global Technology And Innovation Fund has three-year annualized returns of 32.4%. JNGTX has an expense ratio of 0.83%.

DWS Science and Technology Fund invests most of its assets, along with borrowings, if any, in common stocks of domestic and foreign (including emerging market) companies in the technology sector, irrespective of their market capitalization. KTCAX advisors also invest in initial public offerings.

DWS Science and Technology Fund has three-year annualized returns of 30.5%. Sebastian Wernerhas been the fund manager of KTCAX since December 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.

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