#1 Ranked Technology Mutual Funds By Zacks Investment Research
More often than not the technology sector is likely to report above par earnings than other sectors as the demand for technology and innovation remains high. However, technology stocks are considered to be more volatile than other sector specific stocks in the short run. In order to minimize this short term volatility almost all tech funds adopt a growth management style with a focus on strong fundamentals and a relatively higher investment horizon. Investors having an above par appetite for risk and fairly longer investment horizon should park their savings in these funds.
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.
Goldman Sachs Technology Tollkeeper A (MUTF:GITAX) seeks capital appreciation over the long term. The fund invests a large share of its assets in equity securities of in equity securities of Tollkeeper companies. Generally, the fund purchases domestic securities. However, a maximum of 25% of its assets are invested in securities issued by foreign countries including the emerging ones. The technology mutual fund has a ten year annualized return of 8.36%.
The fund manager is Jeffrey Rabinowitz and he has managed this technology mutual fund since 2011.
ProFunds Semiconductor UltraSector (MUTF:SMPSX) invests a large share of its assets in derivatives and securities which have the potential to give returns 150% returns on Dow Jones U.S. Semiconductors index. The technology mutual fund has a ten year annualized return of 11.98%.
As of April 2013, this technology mutual fund held 44 issues, with 21.10% of its total assets invested in Intel Corp
Northern Technology (MUTF:NTCHX) seeks capital growth on a long term basis. The fund invests the majority of its assets in companies whose principal operations are conducted in the technology sector. It may invest heavily in IPOs. The technology mutual fund has a ten year annualized return of 8.27%.
The technology fund has an expense ratio of 1.25% compared to a category average of 1.56%.
Waddell & Reed Science & Technology A (MUTF:UNSCX) invests a large share of its assets in securities of companies which are related to technology and science. Investments can be made regardless of the market cap of a company. The technology mutual fund has a ten year annualized return of 32.38%.
The fund manager is Zachary H. Shafran and he has managed this technology mutual fund since 2001.
Red Oak Technology Select (MUTF:ROGSX) seeks capital appreciation on a long terms basis. The fund invests in companies which are involved in primary operations of technology products and services. Usually, the fund invests in domestic market. However, sometimes it invests in foreign companies but not to a significant extent. The non-diversified technology mutual fund has a ten year annualized return of 24.25%.
The technology fund has an expense ratio of 1.30% compared to a category average of 1.56%.
To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds.
Zacks Mutual Fund Rankings Free Trial
The Zacks Mutual Fund Rank is a new rating system with one simple goal. To help you find the best mutual funds to beat the market in the future. This new feature is part of our Zacks Premium service. Click the link above to explore and learn more about Zacks Mutual Fund investing resources.
Morningstar Investment Research Free Trial
Mutual Fund Ratings Analysis Research of Growth Closed End and No Load Funds
Now Actively and Easily Invest in New World Big Ideas in a Mutual Fund Format
A motif is a investment fund portfolio of up to 30 stocks reflecting an investing idea. Pick an actionable idea from trends and events in our catalog. Customize a motif to your needs - add/delete stocks or change weightings in your fund portfolio. Motif Investing is perfect for investors who want to be a little bit more involved in the stock buy sell decision making with a Mutual Fund.
Personal Capital Wealth Management
Helping you manage & grow your money. Personal Capital has created a next-generation financial advisor completely personalized around you. Smart money management in the palm of your hand. See all of your money in one secure place. Account balances, transactions, and investment performance. And now send money to anyone with our Universal Checkbook, exclusively for iPhone.