Technology has increasingly become an indispensible part of
our daily lives and the future prospects of this sector only seem
brighter. However, the boom of tech funds in the late nineties
and their subsequent downfall during the decline that followed
has invoked a certain degree of skepticism even among those
bullish on this category. But for investors seeking aggressive
growth over the long term, investing in funds that focus on
technology and innovation could be a prudent option in times to
come.
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
|
27.9%
|
|
ProFunds Internet Ultra Sector
|
#1 Strong Buy
|
24.0%
|
|
Goldman Sachs Technology Tollkeeper A
|
#1 Strong Buy
|
20.8%
|
|
T. Rowe Price Global Technology
|
#1 Strong Buy
|
20.2%
|
|
Henderson Global Technology
|
#1 Strong Buy
|
17.5%
|
ProFunds Technology Ultra Sector
(TEPIX) invests almost all its assets in a mix of equity
securities and derivatives that provide daily returns which are
150% 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 five
year annualized return of 1.88%.
The fund manager is Hratch Najarian and he has managed this
technology mutual fund since 2011.
ProFunds Internet Ultra Sector
(INPSX) seeks a return identical to 150% of the performance of
the Dow Jones Internet Composite Index. The fund invests
substantially all its assets in a mix of equity securities and
derivatives. The non-diversified fund may also invest some part
of its assets in money market instruments. The technology mutual
fund has a five year annualized return of 5.04%.
The technology mutual fund has an expense ratio of 2.84%
compared to a category average of 1.58%.
Goldman Sachs Technology Tollkeeper A
(GITAX) invests the majority of its assets in equity securities
of Tollkeeper companies .These are companies that are positioned
to benefit from the proliferation of technology. A maximum of 25%
of its assets may be utilized to purchase foreign securities. The
technology mutual fund has a five year annualized return of
4.85%.
The fund manager is Donald J. Nesbitt and he has managed this
technology mutual fund since 2009.
T. Rowe Price Global Technology
(PRGTX) seeks capital appreciation over the long term. The fund
invests a large share of its assets in companies which expect to
derive a large proportion of their revenues from the development
and application of technology. The technology mutual fund is
non-diversified and has a five year annualized return of
7.22%.
As of June 2012, this technology mutual fund held 72 issues,
with 18.05% of its total assets invested in Apple, Inc.
Henderson Global Technology
(HFGAX) invests the majority of its assets are used to purchase
equity securities of companies in the technology domain. The fund
has no fixed guidelines relating to the geographic distribution
of its investments. The technology mutual fund has a five year
annualized return of 3.93%.
The technology mutual fund has a minimum initial investment of
$500 and an expense ratio of 1.50% compared to a category average
of 1.58%.
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
.
(GITAX): ETF Research Reports
(HFGAX): ETF Research Reports
(INPSX): ETF Research Reports
(PRGTX): ETF Research Reports
(TEPIX): ETF Research Reports
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