Market Overview

3 Tech Sector Funds Heading Into Year's End With Gains


In terms of year-to-date gains, the tech sector is in third place, behind health care and utilities.

Mutual fund managers are among the world's top stock buyers, and their transactions play a huge role in the movement of any individual security.

USAA Science and Tech

A leading tech-sector fund is the USAA Science and Technology Fund (MUTF: USSCX), with a one-year gain of 23.49 percent. The fund sports total assets of $664.4 million, a Net Asset Value of $22.14, and is somewhat pricey, with an expense ratio of 1.24 percent.

Top holdings read like a “who's who” of Big Tech: Apple Inc, Intel Corp, Google Inc and Microsoft Corporation. The fund expectedly falls into the large growth category.

Related Link: 2 Mutual Funds For Investors Who Want Small-Cap Growth

Fidelity Select Software

Another tech fund with a solid track record of late is the Fidelity Select Software & Comp Portfolio (MUTF: FSCSX), with a one-year gain of 16.18 percent.

Many Fidelity funds are large and fairly inexpensive, and this is no exception. The fund's assets total $2.9 billion, with an expense ratio of 0.79 percent and a Net Asset Value of $120.60.

Google and Microsoft are also top holdings in the Fidelity fund, with Visa Inc and Facebook Inc joining them.

Red Oak Tech

The Red Oak Technology Select Fund (MUTF: ROGSX) boasts a one-year performance of 21.61 percent. It has total assets of $142.2 million, putting it on the smaller side, and an expense ratio of 1.23 percent.

The fund's mandate is to invest at least 80 percent of assets in the technology sector; it's currently about 87 percent invested there.

Top holdings are Cisco Systems Inc., Northrop Grumman Corp., Oracle Corp. and Western Digital Corp.


Related Articles (FSCSX + USSCX)

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