More often than not the technology sector is likely to report above par earnings than other sectors as the demand for technology and innovation remains high. However, technology stocks are considered to be more volatile than other sector specific stocks. In order to minimize this volatility almost all tech funds adopt a growth management style with a focus on strong fundamentals and a relatively longer investment horizon. Investors having an above par appetite for risk and fairly long investment horizon should park some of their savings in these funds.

Below we will share with you 5 top-rated technology mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds.

Franklin DynaTech A (FKDNX) seeks capital growth. FKDNX mostly invests in companies that the manager believes are leaders in innovation, have superior management, can reap the benefit of new technologies and have an advantage from new industry situations in the dynamically fluctuating global economy. FKDNX invests primarily in common stock. FKDNX invests in companies of any sector or of any market capitalization. FKDNX also invests in companies both inside and outside the United States. The Franklin DynaTech A fund has returned 19.3% in the last one year period.

FKDNX has an expense ratio of 0.89% as compared to category average of 1.18%.

BlackRock Science & Technology Opportunities Investor A (BGSAX) invests a large portion of its assets in equity securities issued by U.S. and non-U.S. science and technology companies in all market capitalization ranges. BGSAX may invest a maximum 25% of its assets in emerging economies. BGSAX mostly invests in common stock. BGSAX may also invest in Rule 144A securities that are privately placed securities acquired by qualified institutional buyers. The BlackRock Science & Technology Opportunities Investor A fund has returned 17.5% in the last one year period.

As of June 2015, BGSAX held 139 issues, with 8.09% of its total assets invested in Apple Inc

Fidelity Select Electronics Portfolio (FSELX) seeks capital appreciation. FSELX invests a lion’s share of its assets in common stocks of companies whose primary operations are related to electronic components, equipment vendors, electronic component manufacturers, electronic component distributors, electronic instruments and electronic systems vendors. Investments are made in both domestic and foreign companies. FSELX uses fundamental analysis to select companies for investment purposes. The Fidelity Select Electronics Portfolio is non-diversified fund and has returned 11.8% over the past one year.

FSELX has an expense ratio of 0.77% as compared to category average of 1.49%.

T Rowe Price Global Technology Fund (PRGTX) invests a major portion of its assets throughout the world in the common stocks of companies that derive a major portion of their revenues from the development, advancement, and use of technology. PRGTX invests in a minimum of 5 countries and a minimum 25% of its assets are invested in foreign companies. PRGTX invests in firms with established track records. The T Rowe Price Global Technology Fund has returned 21.2% in the last one year.

Joshua K. Spencer is the fund manager and has managed PRGTX since 2012.

Columbia Seligman Global Technology A (SHGTX) seeks long-term capital growth. SHGTX invests a lion’s share of its assets in equities of technology companies located throughout the globe. SHGTX invests across a wide range of countries. SHGTX invests a minimum of 40% of its assets foreign companies that are not traded in the U.S. The Columbia Seligman Global Technology A is non-diversified fund and has returned 18.6% over the past one year.

As of June 2015, SHGTX held 60 issues with 8.05% invested in Lam Research Corp