*New Feature* Tuesday's Screen: Top Tech Funds

Welcome to the first installment of The Daily Screen. Each weekday, TheStreet.com will focus on a different fund category, screening a fund group for offerings that beat their average peers during the past one- and three-year periods, according to Morningstar. We'll list the top 10, ranked by one-year return.

We'll also look under the hood of these hot funds and show you what's driving performance -- publishing a table of the 10 stocks with the biggest representation among our winners' combined portfolios.

Our inaugural edition focuses on tech-sector funds that best the competition over one- and three-year periods -- an eternity when judged in Internet time. Of the 35 tech funds with a three-year record -- most of the more than 100 tech funds out there are fairly recent additions -- only nine make the cut.

A look at the top holdings speaks volumes: no Microsoft (MSFT), no IBM (IBM); these aren't your father's tech stocks. The collective top-three holdings are network-equipment shop JDS Uniphase(JDSU), software maker Oracle(ORCL) and semiconductor concern PMC-Sierra(PMCS).

Top of the Techs
Tech Fund	1-Year Return	3-Year Annualized Return
(DRGTX)Dresdner RCM Global Technology	143.3%	78.4%
(PBTCX)PBHG Technology & Communications	141	61.5
(BINFX)Berger Information Technology	120.6	67.6
(PIVAX)PIMCO Innovation	110.4	68.1
(FTCHX)Invesco Technology	99.7	50.8
(TVFQX)Firsthand Technology Value	96.3	56.6
(FATAX)First American Technology	83.8	52.4
(NTCHX)Northern Technology	81.8	60.6
(IFOAX)MSDW Information	81.4	63.1
Avg. Tech Fund	71.5	45.5
S&P 500	11.9	16.5
Source: Morningstar. Performance figures through Sept. 22.

What's Under the Hood? The tech stocks with the biggest weighting in the above funds' combined portfolios.
Top Holdings	Weighting in Winning Funds	Number of Funds That Own the Stock
JDS Uniphase(JDSU)	2.3%	8/9
Oracle(ORCL)	2.1	7/9
PMC-Sierra(PMCS)	2.1	9/9
Applied Micro Circuits(AMCC)	1.9	7/9
Corning(GLW)	1.8	5/9
Brocade Communications Systems(BRCD)	1.7	8/9
Ciena(CIEN)	1.7	8/9
Cisco Systems(CSCO)	1.7	6/9
Juniper Networks(JNPR)	1.7	8/9
Nokia(NOK)	1.4	7/9
Source: Morningstar. Holdings as of most recent portfolio reports. Holdings calculated by creating an equally weighted portfolio of the top funds and screening for a collective top-10 holdings using Morningstar's Principia database.

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