The Daily Screen: The Best Tech Funds
It's been a tough year for tech funds, except those that have ridden the new New Tech stocks.
Just a few years ago, it was so simple. Most tech funds bet big on companies that were in or around the PC biz like Microsoft (MSFT Quote), Intel (INTC Quote) and Dell (DELL Quote) -- three of tech's vaunted four horsemen, with the fourth being networking titan Cisco Systems (CSCO Quote).| Tech Dynasty Despite recent weakness, tech funds are the superstars of the past 10 years | ||
| Avg. Tech Fund | S&P 500 | |
| YTD Return | -11.7% | -7.1% |
| 1-Year Return | 39.8 | 5.2 |
| 5-Year Return | 29.2 | 20.8 |
| 10-Year Return | 31.3 | 18.9 |
| Source: Morningstar. Annualized performance figures through Oct. 26. | ||
| Leading Tech Funds These funds have crushed the broader market in recent years | ||
| Fund | 1-Year Return | 3-Year Annualized |
| (DRGTX Quote)Dresdner RCM Global Technology | 89.1% | 71.3% |
| (TVFQX Quote)Firsthand Technology Value | 76.4 | 52.4 |
| (PBTCX Quote)PBHG Technology and Communications | 75.2 | 52.5 |
| (PIVAX Quote)Pimco Innovation | 74.3 | 60.1 |
| (BINVX Quote)Berger Information Technology | 72.4 | 58.8 |
| (FTCHX Quote)Invesco Technology | 67.5 | 44.9 |
| (ICTEX Quote)Icon Information Technology | 62.9 | 42.4 |
| (KTCAX Quote)Kemper Technology | 53.7 | 41.9 |
| (IFODX Quote)MSDW Information | 51.8 | 56 |
| (OITAX Quote)Orbitex Info-Tech | 49.3 | 55.9 |
| Avg. Tech fund | 39.8 | 41.1 |
| S&P 500 | 5.2 | 15 |
| Source: Morningstar. Annualized performance figures through Oct. 26. | ||
| Under the Hood The stocks with the biggest weighting in the combined portfolios of the 10 above funds | ||
| Stock | Weighting in Top- 10 Funds | Number of Top 10 Funds Owning the Stock |
| Oracle(ORCL Quote) | 2% | 7 |
| JDS Uniphase(JDSU Quote) | 1.9 | 8 |
| Corning(GLW Quote) | 1.8 | 7 |
| PMC Sierra(PMCS Quote) | 1.8 | 9 |
| Cisco Systems(CSCO Quote) | 1.7 | 6 |
| Ciena(CIEN Quote) | 1.7 | 8 |
| Sun Microsystems(SUNW Quote) | 1.6 | 7 |
| Applied Micro Circuits(AMCC Quote) | 1.5 | 6 |
| Juniper Networks(JNPR Quote) | 1.5 | 8 |
| Network Appliance(NTAP Quote) | 1.4 | 7 |
| Source: Morningstar. Holdings as of most recent portfolio report. | ||
- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,450.95 | 1,106.24 | 2,176.01 | 33.64 |
Oil *
77.66
|
|
UP
132.79
|
UP
14.86
|
UP
29.97
|
UP
0.08
|
10 Yr
3.36%
SPDR Gold
114.29
|
|
+1.29%
|
+1.36%
|
+1.40%
|
+0.24%
|
Data delayed 20 minutes |














