Top 5 Best Performing Technology Mutual Funds - Best Performing Funds Year To Date
Benzinga 15 years ago
Investors seeking long-term holdings and possessing a reasonable appetite for risk often select technology mutual funds. This category of funds experience relatively higher levels of volatility but they tend to outperform other categories when markets as a whole are on an upswing. Many technology companies have returned good results recently which illustrates that the sector is gearing up to enter a new era of success and prosperity. Mutual funds are among the best options for investing in the sector as they possess the advantages of professional management and the consequent analytical expertise.
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, then click here.
Mutual Fund
Zacks Rank
Total Return YTD
RS Technology A
#1 Strong Buy
28.3%
Firsthand Technology Opportunities
#1 Strong Buy
26.5%
Dreyfus Technology Growth A
#1 Strong Buy
24.9%
Wells Fargo Advantage Specialized Technology A
#1 Strong Buy
23.6%
Fidelity Select Technology
#1 Strong Buy
19.6%
RS Technology A (RSIFX) seeks long term capital growth. It invests at least 80% of its assets in equity securities of technology companies. It concentrates on purchasing securities of small and mid-cap companies. The fund invests heavily in domestic companies but may also purchase foreign securities. This technology mutual fund returned 39.18% in the last one year period.
The fund manager is Stephen Bishop and he has managed this technology mutual fund since 2001.
Firsthand Technology Opportunities (TEFQX) invests a large portion of its assets in companies whose primary operations are related to high technology. The fund selects companies on the basis of their growth potential in their specific sector. It invests in companies of all sizes and may invest in relatively newer companies. It is a no-load fund.
The technology mutual fund has a three year annualized return of 6.94%.
Dreyfus Technology Growth A (DTGRX) seeks capital growth. The fund invests a large portion of its assets in stocks of companies with strong growth potential. These firms must be prominent producers in the technology domain or poised to gain from advancements in this sector. This technology mutual fund returned 33.6% in the last one year period.
The technology mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.51% compared to a category average of 1.74%.
Wells Fargo Advantage Specialized Technology A (WFSTX) invests the majority of its assets in equity securities of companies in the technology domain. The fund may utilize up to half of its assets to purchase foreign securities. Not more than 25% of its assets may be invested in one country. The technology mutual fund has a five year annualized return of 8.45%.
As of October 2010, this technology mutual fund held 64 issues, with 12.16% of its total assets invested in Apple, Inc.
Fidelity Select Technology (FSPTX) seeks capital appreciation over the long term. The fund invests primarily in companies that develop or offer products, processes, or services that benefit significantly from technological advances and improvements. This technology mutual fund returned 29.23% in the last one year period.
The fund manager is Yun-Min Chai and he has managed this technology mutual fund since 2007.
To view the Zacks Rank and past performance of all technology mutual funds, then click here.
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.
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