Top 5 Zacks #1 Ranked Technology Mutual Funds
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 5 top rated technology mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all technology funds, investors can click here to see the complete list of funds.
DWS Technology A (KTCAX) invests heavily in companies related to the technology sector. The fund primarily invests in domestic securities. A maximum of 35% of its assets may be utilized to purchase foreign securities. The technology mutual fund is non-diversified and has a one year annualized return of 12.14%.
The fund manager is Walter Holick and he has managed this technology mutual fund since 2009.
Fidelity Select Computers (FDCPX) seeks capital growth. The fund invests heavily in common stocks of computer related firms that are heavily dependent on technology for their operations or product development activities. It may purchase both domestic and foreign securities. The technology mutual fund has a one year annualized return of 9.14%.
As of November 2012, this technology mutual fund held 38 issues, with 24.73% of its total assets invested in Apple Inc.
Invesco Technology Investor (FTCHX) invests a large share of its assets in companies related to the technology sector. The fund may utilize 50% of its assets to purchase foreign securities of the related sector. It primarily invests in equity securities. The technology mutual fund has a one year annualized return of 6.04%.
The technology mutual fund has a minimum initial investment of $ 1,000 and an expense ratio of 1.52% compared to a category average of 1.60%.
Northern Technology (NTCHX) seeks capital growth over the long term. The fund invests heavily in firms whose principal operations are related to the technology sector. It may also invest in companies that manufacture computer hardware, software and related products. The technology mutual fund has a one year annualized return of 5.21%.
The fund manager is Deborah Koch and he has managed this technology mutual fund since 2004.
Manning & Napier Technology Series (EXTCX) invests the majority of its assets in companies related to the technology sector. It may invest in firms that are heavily dependent on technology for their operations or product development activities. The fund purchases both domestic and foreign securities. The technology mutual fund has a one year annualized return of 5.57%.
The technology mutual fund has a minimum initial investment of $ 2,000 and an expense ratio of 1.13% compared to a category average of 1.60%.
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
Read the analyst report on KTCAX
Read the analyst report on FDCPX
Read the analyst report on FTCHX
Read the analyst report on NTCHX
Read the analyst report on EXTCX
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