Top 5 Best Performing Technology Mutual Funds (April 2011)

With tech majors IBM and Intel posting strong earnings results, the tech sector is poised to take a new growth path. In fact, these results are the best in many years and other companies such as Yahoo have also delivered encouraging numbers, signaling a renewed demand for computing. Technology has increasingly become an indispensible part of our daily lives and the future prospects of this sector only seem brighter. Moreover, many firms are now greatly reliant on advances in science and technology to drive growth. For investors seeking aggressive long term growth, investing in technology funds could be an extremely prudent option.

Below we will share with you the 5 best performing technology mutual funds year to date.

Mutual Fund Zacks Rank YTD Return
Waddell & Reed Science & Technology #2 Buy 10.9%
Kinetics Internet No Load #1 Strong Buy 10.3%
T. Rowe Price Global Technology #1 Strong Buy 10.2%
RS Technology A #3 Hold 4.3%
Jacob Internet #3 Hold 4.0%

Waddell & Reed Science & Technology A (UNSCX) invests the majority of its assets in science and technology companies. The fund focuses on investing in mid and small-cap companies but may also invest in larger firms. It invests without any limit in foreign securities including those which are issued from emerging markets. This technology mutual fund returned 22.55% in the last one year period.

The technology mutual fund has a minimum initial investment of $500 and an expense ratio of 1.39% compared to a category average of 1.70%.

Kinetics Internet No Load (WWWFX) seeks capital appreciation over the long term with a secondary objective of current income. The fund primarily invests in common stocks, convertible securities, warrants and other equity securities. This technology mutual fund has a three year annualized return of 11.02%.

The fund manager is Peter B. Doyle and he has managed this technology mutual fund since 1999.

T. Rowe Price Global Technology (PRGTX) invests a large portion of its assets in commons stocks of firms which aim to generate a significant portion of their revenues from technology development or advancement. At least 30% of its assets are utilized to purchase foreign securities. This technology mutual fund returned 30.08% in the last one year period.

The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.04% compared to a category average of 1.70%.

RS Technology A (RSIFX) seeks long term capital growth. The fund invests a large share of its assets in equity securities of technology companies. It concentrates on purchasing securities of small and mid-cap companies. The technology mutual fund has a five year annualized return of 8.95%.

As of December 2010, this technology mutual fund held 74 issues, with 5.44% of its total assets invested in Apple, Inc.

Jacob Internet (JAMFX) invests at least 80% of its assets in Internet companies and firms in related industries. Common stocks and related convertible securities constitute its major investments. Not more than 35% of its assets may be utilized to purchase fixed income or debt securities. This technology mutual fund returned 38.46% in the last one year period.

The fund manager is Ryan I. Jacob and he has managed this technology mutual fund since 1999.

To view the Zacks Rank and past performance of all technology mutual funds, then click here.

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