Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies, such as artificial intelligence, machine learning, robotics and data science, are key catalysts for the sector’s growth.
In addition, most funds investing in securities from the technology sector take a growth-oriented approach that focuses on companies with strong fundamentals and relatively better investment prospects. Technology has come to have a broader meaning than just hardware and software. Social media and Internet companies are now part of the technology landscape.
Below, we share with you three technology mutual funds, viz.,Columbia Seligman Technology & Information FundSLMCX, Fidelity Select Technology PortfolioFSPTX and T. Rowe Price Science And Technology FundPRSCX. Each has a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of technology funds.
Columbia Seligman Technology & Information Fund invests most of its net assets in securities of companies operating in the information technology and communications services sectors, applying a global industry classification standard. SLMCX advisors can invest a small portion of the fund’s net assets in foreign issues as well.
Columbia Seligman Technology & Information Fund has three-year annualized returns of 39.4%. As of the end of May 2026, SLMCX held 70 issues, with 10.2% of its assets invested in Bloom Energy.
Fidelity Select Technology Portfolio fund invests primarily in common stocks of domestic and foreign companies that offer, use, or develop products, processes or services that will benefit significantly from technology advancements. FSPTX uses fundamental analysis techniques, such as financial condition, industry position, as well as market and economic conditions, to select investments.
Fidelity Select Technology Portfolio fund has three-year annualized returns of 31.3%. FSPTX has an expense ratio of 0.60%.
T. Rowe Price Science And Technology Fund invests most of its assets, along with borrowings, if any, in common stocks of companies that are expected to benefit from the development and use of science & technology. PRSCX advisors also invest in foreign issuers, including those from emerging markets.
T. Rowe Price Science And Technology Fund has three-year annualized returns of 29.2%. Â Anthony Wang has been the fund manager of PRSCX since October 2023.
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