Top Technology Equity Funds
Today we are featuring top-performing “Technology ” equity mutual funds, which primarily invest in equity securities of advanced technology companies.
Investors can find such funds by checking out the entire list of Zacks #1 Rank Technology Equity Funds.
3 Hi-Tech Choices
DWS Technology Fund A (KTCAX) seeks growth of capital. It was incepted in September 1948.
The fund invests at least 80% of net assets in common stocks of US companies in the technology sector. In order to conform to this policy, companies in the technology sector must commit at least half of their assets to the technology sector or derive at least half of their revenues or net income from that sector. The fund may invest in companies of any size. It uses in depth research to select a diverse portfolio of technology companies that have robust and sustainable earnings growth, large and growing markets, leading products and services and strong balance sheets.
The fund has an expense ratio of 1.21%. As of July 2009, it has a portfolio turnover of 84%.
Clark Chang has been lead manager of the fund since November 2008. Before joining Deutsche Asset Management in 2007, Chang was with Firsthand Capital Management, Inc.
Munder Internet Fund A (MNNAX) was incepted in August 1996. The objective of the fund is to provide long-term capital appreciation.
The fund invests primarily in companies positioned to benefit from the growth of the internet. There is no limit on the market capitalization of the companies it may invest in or on the length of operating history for the companies. The fund may also invest without limit in initial public offerings (IPOs). It may also invest in foreign securities, purchase and sell options on securities, stock market indices, or futures.
Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks #1 Rank (”Strong Buy”) fund. As of September 2009, it has a portfolio turnover of 71%.
Kenneth A. Smith has been lead manager of the fund since December 1999. Smith is a Chartered Financial Analyst and Certificated Public Accountant and is director, technology investing and senior portfolio manager with Munder Capital Management.
Henderson Global Technology A (HFGAX) seeks to achieve long-term capital appreciation. It was incepted in August 2001.
The fund invests at least 80% of its net assets in equity securities of United States and non-U.S. technology-related companies. The fund invests in companies domiciled in any country. The fund invests in smaller and less seasoned issuers.
The fund distributes dividends and capital gains, if any, annually. It has an expense ratio of 1.81%.
Ian Warmerdam has been lead manager of the fund since August 2001. Warmerdam has over 12 years industry experience and joined Henderson Global Investors in 2001 as fund manager, Technology Investment.
Discover Many More Funds
Learn more about the new Zacks Mutual Fund Rank and discover some of the best market-beating mutual funds by browsing our mutual funds section. This part of Zacks.com offers a variety of tools, including mutual fund research, a new mutual fund screener, helpful answers to frequently asked questions and quick access to prospectuses and other information.
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.
