Top 5 Best Performing Technology Mutual Funds Year to Date
Technology is clearly a long term growth prospect for investors willing to remain invested and should continue to outperform the market over time. Many have viewed the sector with skepticism since the tech bubble burst more than a decade ago, but times have clearly changed for the better. Valuations are now based on stronger fundamentals and careful selection of investments has yielded good long term returns for many funds. Technology mutual funds greatly reduce the volatility inherent in this sector through by carefully selecting securities to create widely diversified portfolios.
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 Technology Ultra Sector | #1 Strong Buy | 13.0% |
DWS Technology A | #1 Strong Buy | 11.2% |
Goldman Sachs Tech Tollkeeper A | #1 Strong Buy | 10.5% |
Fidelity Select Computers | #1 Strong Buy | 10.4% |
Buffalo Science & Technology | #2 Buy | 9.8% |
ProFunds Technology Ultra Sector (TEPIX) invests almost all its assets in a mix of equity securities and derivatives and seeks a return of 150% of the performance of the Dow Jones U.S Technology Sector Index. The non-diversified fund may also invest some part of its assets in money market instruments. The technology mutual fund has a three year annualized return of 24.56%
The technology mutual fund has a minimum initial investment of $15,000 and an expense ratio of 1.72% compared to a category average of 1.60%.
DWS Technology A (KTCAX) seeks capital appreciation. The fund invests the majority of its assets in common stocks of companies in the technology domain. The fund invests in companies regardless of their size or market capitalization. The technology mutual fund has a three year annualized return of 17.93%.
As of April 2012, this technology mutual fund held 110 issues, with 17.06% of its total assets invested in Apple, Inc.
Goldman Sachs Technology Tollkeeper A (GITAX) invests a large share of its assets in equity securities of Tollkeeper companies .These are companies that are positioned to benefit from the proliferation of technology. The technology mutual fund has a three year annualized return of 14.38%.
The fund manager is Jeffrey Rabinowitz and he has managed this technology mutual fund since 2011.
Fidelity Select Computers (FDCPX) seeks growth of capital. The fund invests the majority of its assets in common stocks of domestic and foreign companies engaged in research, design, development, manufacture or distribution of products, processes or services related to the computer industry. The technology mutual fund has a three year annualized return of 23.98%.
The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.85% compared to a category average of 1.60%.
Buffalo Science & Technology (BUFTX) primarily invests in common stocks of domestic companies whose securities may gain from advances in science and technology. Not more than 20% of its assets may be invested in ADRs or foreign securities. The technology mutual fund has a five year annualized return of 18.98%.
The fund manager is Clay Brethour and he has managed this technology mutual fund since 2001.
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 at http://www.zacks.com/funds.
Read the analyst report on TEPIX
Read the analyst report on KTCAX
Read the analyst report on GITAX
Read the analyst report on FDCPX
Read the analyst report on BUFTX
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