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17 Mutual Funds To Ride The Tech Wave

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17 Mutual Funds To Ride The Tech Wave
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Technological innovation is shaping the world we live in more than ever before. It's affecting nearly every industry and is only anticipated to accelerate.

Innovation presents big opportunities for growth, which is why tech stocks have the potential to be such great investments.

Consider Apple Inc. (NASDAQ: AAPL) stock performance over the last 10 years. It experienced an increase in stock price of 1,647 percent since the introduction of the iPhone, iPad and Apple Watch, among other popular products.

This is a best-case scenario, as stocks can swing the other way with performance, as well. For instance, the once high-flying Twitter Inc (NYSE: TWTR) stock is down over 62 percent since its high in December 2014.

For those interested in investing in tech, but not wanting to gamble on the next big winner (or loser) in the space, a diversified mutual fund, which holds a basket of stocks rather than just one or two, can be a better choice. To make the process of selecting a fund easier, Credio has compiled a list of the 17 best-performing tech mutual funds based on 10-year, load-adjusted returns.

#17. FSPTX - Fidelity Select Technology Portfolio

Current value of $10,000 invested in 2005: $27,156
Ten-Year Annualized Return: 10.51%
Net Assets: $2.87 Billion
Expense Ratio: 0.78%
Share Class: No Load
Investment Style: Technology

#16. MATFX - Matthews Asia Science and Tech

Current value of $10,000 invested in 2005: $27,556
Ten-Year Annualized Return: 10.67%
Net Assets: $182 Million
Expense Ratio: 1.16%
Share Class: Investor
Investment Style: Technology

#15. STPAX - Saratoga Technology & Communications

Current value of $10,000 invested in 2005: $28,306
Ten-Year Annualized Return: 10.97%
Net Assets: $43 Million
Expense Ratio: 2.25%
Share Class: A
Investment Style: Technology

#14. CTHRX - Columbia Global Technology Growth

Current value of $10,000 invested in 2005: $28,611
Ten-Year Annualized Return: 11.08%
Net Assets: $352 Million
Expense Ratio: 1.03%
Share Class: Retirement
Investment Style: Technology

#13. ARTPX - AllianzGI Technology

Current value of $10,000 invested in 2005: $28,635
Ten-Year Annualized Return: 11.09%
Net Assets: $1.37 Billion
Expense Ratio: 1.34%
Share Class: Other
Investment Style: Technology

#12. USSCX - USAA Science & Technology

Current value of $10,000 invested in 2005: $29,468
Ten-Year Annualized Return: 11.41%
Net Assets: $916 Million
Expense Ratio: 1.24%
Share Class: No Load
Investment Style: Technology

#11. WFTDX - Wells Fargo Advantage Specialized Tech

Current value of $10,000 invested in 2005: $30,057
Ten-Year Annualized Return: 11.63%
Net Assets: $341 Million
Expense Ratio: 1.35%
Share Class: Other
Investment Style: Technology

#10. UNSCX - Waddell & Reed Science & Tech

Current value of $10,000 invested in 2005: $30,673
Ten-Year Annualized Return: 11.86%
Net Assets: $3.81 Billion
Expense Ratio: 1.26%
Share Class: A
Investment Style: Technology

#9. MTCJX - MFS Technology

Current value of $10,000 invested in 2005: $30,890
Ten-Year Annualized Return: 11.94%
Net Assets: $348 Million
Expense Ratio: 1.07%
Share Class: Retirement
Investment Style: Technology

#8. SGTTX - Columbia Seligman Global Technology

Current value of $10,000 invested in 2005: $30,973
Ten-Year Annualized Return: 11.97%
Net Assets: $610 Million
Expense Ratio: 1.04%
Share Class: Retirement
Investment Style: Technology

#7. WSTRX - Ivy Science & Technology

Current value of $10,000 invested in 2005: $32,627
Ten-Year Annualized Return: 12.55%
Net Assets: $6.5 Billion
Expense Ratio: 1.57%
Share Class: Retirement
Investment Style: Technology

#6. SCMIX - Columbia Seligman Communications & Information

Current value of $10,000 invested in 2005: $32,962
Ten-Year Annualized Return: 12.67%
Net Assets: $4.11 Billion
Expense Ratio: 1.03%
Share Class: Retirement
Investment Style: Technology

#5. TEFQX - Firsthand Technology Opportunities

Current value of $10,000 invested in 2005: $33,627
Ten-Year Annualized Return: 12.89%
Net Assets: $132 Million
Expense Ratio: 1.85%
Share Class: No Load
Investment Style: Technology

#4. FSCSX - Fidelity Select Software & Computer Portfolio

Current value of $10,000 invested in 2005: $36,346
Ten-Year Annualized Return: 13.77%
Net Assets: $2.8 Billion
Expense Ratio: 0.77%
Share Class: No Load
Investment Style: Technology

#3. PRGTX - T. Rowe Price Global Technology

Current value of $10,000 invested in 2005: $37,664
Ten-Year Annualized Return: 14.18%
Net Assets: $2.03 Billion
Expense Ratio: 0.91%
Share Class: No Load
Investment Style: Technology

#2. BFOCX - Berkshire Focus

Current value of $10,000 invested in 2005: $37,777
Ten-Year Annualized Return: 14.21%
Net Assets: $65.7 Million
Expense Ratio: 1.98%
Share Class: No Load
Investment Style: Technology

#1. FBSOX - Fidelity Select IT Services Portfolio

Current value of $10,000 invested in 2005: $39,808
Ten-Year Annualized Return: 14.81%
Net Assets: $1.27 Billion
Expense Ratio: 0.81%
Share Class: No Load
Investment Style: Technology

Compare Mutual Funds on Credio

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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