4 Best-Ranked Technology Mutual Funds To Boost Your Return

More often than not the technology sector reports above par earnings than other sectors fueled by the demand for technology and innovation. However, technology stocks are considered to be more volatile than other sector stocks in the short run. In order to minimize this short-term volatility almost all tech funds adopt a growth management style with focus on strong fundamentals and a relatively broader investment horizon. Investors having an above par appetite for risk and a fairly longer investment horizon should park their savings in these funds.

Below we will share with you 4 buy-rated technology mutual funds . Each has earned a Zacks Mutual Fund Rank #1 (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 funds, investors can click here to see the complete list of funds .

Putnam Global Technology A (PGTAX - MF report) seeks growth of capital. PGTAX generally invests in common stocks of both mid and large sized companies across the world. PGTAX invests a major portion of its assets in securities of companies in the technology industries. The Putnam Global Technology A is non-diversified and has a three-year annualized return of 12.4%.

PGTAX has an expense ratio of 1.26% as compared to the category average of 1.45%.

T Rowe Price Global Technology Fund (PRGTX - MF report) invests a major portion of its assets in the common stocks of companies that derive 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. The T Rowe Price Global Technology Fund has a three-year annualized return of 19.4%.

Joshua K. Spencer is the fund manager since 2012.

USAA Science & Technology (USSCX - MF report) seeks long-term capital appreciation. USSCX invests the majority of its assets in equities of companies that use scientific and technological advancement and development to enhance their return. USSCX may invest a maximum of half of its assets in foreign companies. The USAA Science & Technology Fund has a three-year annualized return of 16%.

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