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The technology industry continues to grow. If you're interested in investing in tech mutual funds, you don't want to spend extra time trying to distinguish between the best and worst investments.
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Forbes has compiled a list of the 10 best-performing tech funds. Funds not available to retail investors are available through financial advisors or retirement accounts. Like Charles Schwab, Fidelity has several funds available.
BlackRock Technology Opportunity Fund (BSTSX)
Expense ratio: 1.17%
Average annual return over 10 years: 18.57%
BSTSX is focused on rapid, sustainable growth, and its holdings are estimated to be safe from rivals for 10 to 20 years. Almost 50% of shareholder funds are invested in the top 10 holdings.
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Columbia Global Technology Growth Advisor (CTYRX)
Expense ratio: 0.94%
Average annual return over 10 years: 17.66%
CTYRX is looking for companies that are passionate about innovation and are looking for solid growth and recognition. Some of their holdings include Apple, Microsoft, Nvidia, and more.
Fidelity Select Semiconductors Portfolio (FSELX)
Expense ratio: 0.65%
Average annual return over 10 years: 26.53%
This portfolio focuses only on semiconductors, which is one part of the industry, and although it does come with some risks, it offers great returns.
T. Rowe Price Science & Technology (PRSCX)
Expense ratio: 0.84%
Average annual return over 10 years: 15.97%
PRSCX has outperformed the average for its category over the past 1, 3, 5, 10, and 15 years due to its broad portfolio of stocks and focus on earnings and revenue growth.
Janus Henderson Global Technology and Innovation Fund (JNGTX)
Expense ratio: 0.81%
Average annual return over 10 years: 18.26%
JNGTX's portfolio consists of large, fast-growing companies in the United States and internationally. Its profits, sales growth, and annual profits have exceeded the average for their respective categories in recent years.
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Rydex Electronics Investor (RYSIX)
Expense ratio: 1.39%
Average annual return over 10 years: 20.97%
This Rydex fund also focuses on semiconductors. Annual profits over the past 1, 3, 5, 10, and 15 years have been good, helping to offset higher expense ratios.
Fidelity Select Technology (FSPTX)
Expense ratio: 0.64%
Average annual return over 10 years: 19.51%
FSPTX's portfolio consists of companies that develop products and services related to industry innovation. Almost 50% of the investments are in Microsoft, Apple and Nvidia.
Fidelity Select Software and IT Services Portfolio (FSCSX)
Expense ratio: 0.64%
Average annual return over 10 years: 17.16%
With FSCSX, you get the benefits of a low-volatility stock and solid sales and profit growth.
Columbia Seligman Technology & Information Advisor (SCIOX)
Expense ratio: 0.95%
Average annual return over 10 years: 19.84%
SCIOX is looking for a reasonable stock price in the IT and communications space. Annual revenue has exceeded the category average over the past 1, 3, 5, and 10 years.
Columbia Seligman Global Technology Advisor (CCHRX)
Expense ratio: 1.02%
Average annual return over 10 years: 20.06%
Rounding out the list, CCHRX contains a good balance of small- and large-cap stocks from well-known to lesser-known companies. They are expected to be held safely for 20 years or more and are characterized by high price volatility.
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This article originally appeared on GOBankingRates.com: 10 Best Technology Mutual Funds to Invest Under $100,000
