“Technology” equity mutual funds invest in equity securities of companies that develop or are part of the advanced technology sector. Today, we have 3 top performers from this space.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Technology Equity Funds.

3 Hi-Tech Choices

Northern Technology (NTCHX) was founded in April 1996. The investment seeks long-term capital appreciation.

The fund invests more than 25% of its assets in stocks of companies that develop or sell computers, software or peripheral products. They must have the potential to outperform the market over the next 1 or 2 years. It may invest in other technology businesses represented in the NYSE Arca Tech 100 Index.

Shareholders have to make a minimum initial investment of $2,500 to enter this Zacks #1 Rank (”Strong Buy”) fund. Dividends and capital gains, if any, are declared and paid annually.

Fidelity Select Wireless (FWRLX) invests primarily in the common stock of companies engaged in activities relating to wireless communications in search of capital appreciation.

The fund may invest in securities of foreign issuers and may invest a significant percentage of assets in a single issuer. It is non-diversified.

Gavin Baker has managed the fund since March 2007. The fund has an expense ratio of 0.95%.

Seligman Communications & Information A (SLMCX) seeks capital appreciation and invests primarily in the common stock of companies operating in the communications, information and related industries.

The fund’s management team employs a bottom-up stock selection approach in an effort to uncover those companies it believes offer the greatest prospects for growth. It may invest in large-, mid- and small-cap companies.

The fund’s key holdings include McAfee Inc. (MFE), Amdocs Ltd. (DOX) and Symantec Corp. (SYMC).

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 new 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.

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