5 Best Performing Technology Mutual Funds Year-to-Date
Technology funds are definitely a prudent option for aggressive investors seeking long term capital appreciation. The technology sector seems to have recovered well from the aftermath of the bubble burst in the late nineties where most the technology stocks plummeted to their all time lows. The recent domestic earnings season also confirms this fact since most of the technology companies have reported better than expected results. With their diversified holdings and efficient stock selection, technology mutual funds provide a good opportunity to investors to earn high returns from this vibrant sector.
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 | 12.4% |
T. Rowe Price Science & Technology | #3 - Hold | 12.1% |
Rydex Electronics | #3 - Hold | 11.5% |
Fidelity Select Computers | #1 - Strong Buy | 11.5% |
Columbia Seligman Global Technology A | #1 - Strong Buy | 11.1% |
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 37.79%
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 1.62%.
T. Rowe Price Science & Technology (PRSCX) seeks capital growth over the long term. The fund invests the majority of its assets in common stocks of firms which stand to gain form technological advances. It may invest in both established companies and new emerging firms. The technology mutual fund has a three year annualized return of 30.6%
The fund manager is Kennard W. Allen and he has managed this technology mutual fund since 1999.
Rydex Electronics (RYSAX) invests a large share of its assets in equity securities of domestic electronics companies as well as derivatives. The fund may invest in a small number of companies and limit its investments within a specific sub-sector of the electronics sector. The technology mutual fund has a three year annualized return of 21.29%
As of January 2012, this technology mutual fund held 47 issues, with 10.83% of its total assets invested in Intel Corp.
Fidelity Select Computers (FDCPX) seeks capital growth. 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 34.03%.
The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.88% compared to a category average of 1.62%.
Columbia Seligman Global Technology A (SHGTX) primarily invests in domestic and foreign companies in the technology industry without any limitations in market capitalization. It provides the cushion of international diversification by investing around 40% of the funds in foreign companies. The technology mutual fund has a three year annualized return of 25.08%
The fund manager is Richard Parower and he has managed this technology mutual fund since 2000.
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 PRSCX
Read the analyst report on RYSAX
Read the analyst report on FDCPX
Read the analyst report on SHGTX
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