Today we are featuring top-performing “Technology” equity mutual funds, which primarily invest in equity securities of companies that deal in advanced technologies.
Investors can find such funds by checking out the entire list of the Zacks #1 Rank Technology Equity Funds.
3 Hi-Tech Choices
Firsthand e-Commerce (TEFQX) seeks long-term growth of capital. It may purchase stocks of small-, mid-, and large-cap companies.
The fund represents a single theme and invests primarily in securities of companies that provide products, services, and technology to facilitate the growth of electronic commerce.
Unit holders have to make a minimum initial investment of $2,000 to enter this Zacks#1 Rank (“Strong Buy”) fund. It has outstripped the total returns of its benchmark index in the last 1-, 3- and 5-year periods.
Munder Internet A (MNNAX) seeks capital appreciation. It combines a top-down sector analysis with bottom-up security analysis to identify companies positioned to benefit from the growth of the Internet.
The fund may invest without limit in initial public offerings (IPOs). It invests up to 25% of total assets in foreign securities.
Apple Inc. (AAPL), Yahoo Inc. (YHOO) and Google Inc. (GOOG) are among the fund’s top holdings.
Jacob Internet (JAMFX) seeks long-term growth of capital. Current income is a secondary objective.
The fund primarily invests in common stocks and securities convertible into common stocks, but may invest up to 35% in fixed income or debt securities. It normally invests in foreign companies, including securities of emerging market countries.
Francis J. Alexander has been lead manager at the fund since its inception in December 1999. It distributes dividends annually from its net investment income and any net realized capital gains.
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.
