Top 5 Best Performing Technology Mutual Funds (June 2011)

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.

Mutual Fund Zacks Rank Total Return YTD
Kinetics Internet No Load #1 Strong Buy 16.2%
Profunds Internet UltraSector #1 Strong Buy 13.9%
Jacob Internet #3 Hold 13.8%
Profunds Seminconductor UltraSector #1 Strong Buy 13.1%
RS Technology A #3 Hold 12.9%

Kinetics Internet No Load (WWWFX) primarily invests in domestic and foreign companies whose primary business operations concern the Internet and Internet-related activities. The fund purchases common stocks, convertible securities, warrants and other equity securities. This technology mutual fund has a three year annualized return of 11.11%.

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

ProFunds Internet UltraSector (INPSX) seeks to return investment results which are 150% of the daily performance of the Dow Jones Internet Composite index. A large share of the funds assets are utilized to purchase securities which are part of the index or have identical features. This technology mutual fund returned 55.61% in the last one year period.

The technology mutual fund has a minimum initial investment of $15,000 and an expense ratio of 2.77% compared to a category average of 1.70%.

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 and has a five year annualized return of 4.91%.

As of March 2011, this technology mutual fund held 33 issues, with 5.35% of its total assets invested in SINA Corporation.

ProFunds Semiconductor UltraSector (SMPSX) seeks to return investment results which are 150% of the daily performance of the Dow Jones U.S. Semiconductors index. The fund invests heavily in equity securities and derivatives and utilizes the balance of its assets to invest in money market securities. This technology mutual fund returned 21.42% in the last one year period.

The fund manager is Todd Johnson and he has managed this technology mutual fund since 2008.

RS Technology A (RSIFX) invests a large share of its assets in equity securities of technology companies. The fund concentrates on purchasing securities of small and mid-cap companies. Though it invests primarily in domestic companies, it may also consider purchasing foreign securities. The technology mutual fund has a ten year annualized return of 6.16%.

The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 1.52% compared to a category average of 1.70%.

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/mutualfunds.

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