Funds Reflect Sprint's Losses to AT&T, Verizon

Now for last week's winners.

On the positive side of the ledger, ProFunds Telecommunications UltraSector ProFund (TCPIX Quote) rose 8.84% on 150% leverage to the Dow Jones U.S. Telecommunications Index. Shares of AT&T (T Quote), which rose 10.3%, and Verizon Communications (VZ Quote), which gained 6.5%, make up 50.4% and 27.9% of the fund's assets as of Sept. 30. Sprint accounts for only 5.1%, limiting its damage to the fund.

AT&T stands to benefit from excitement over holiday gift giving of Apple (AAPL Quote) iPhones, Nokia (NOK Quote) 6650s and Samsung Eternity phones with AT&T Mobile TV subscriptions.

Verizon has high hopes for the touch-screen BlackBerry Storm from Research In Motion (RIMM Quote). Verizon is also on the cusp of a 15-year plan to deploy the All-Fiber Fios TV network in Philadelphia. This would be interactive TV with 400-plus channels and thousands of video-on-demand titles including 100 HD channels, a clear shot across the bow of the cable TV providers.

Best-Performing Technology Funds for the Week Ending Thursday, Nov. 13
Fund	Ticker	Rating	Fund Type	One-Week Total Return
ProFunds Telecommunications UltraSector ProFund	TCPIX	E-	Mutual Fund	8.84%
iShares S&P Global Telecommunications Sector Index Fund	IXP	B+	ETF	8.76%
Telecom HOLDRs Trust	TTH	B	ETF	7.06%
Rydex Inverse 2X S&P Select Sector Technology ETF	RTW	U	ETF	5.83%
Semiconductor HOLDRs Trust	SMH	D	ETF	4.61%
B2B Internet HOLDRs Trust	BHH	C-	ETF	3.13%
Fidelity Advisor Telecommunications Fund	FTUAX	E-	Mutual Fund	2.89%
WisdomTree International Communications Sector Fund	DGG	C-	ETF	2.89%
Fidelity Select Telecommunications Portfolio	FSTCX	E+	Mutual Fund	2.88%
Pax World Global Green Fund	PGRNX	U	Mutual Fund	2.85%
Source: Bloomberg & TheStreet.com Ratings

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