A Tech Fund in Disguise May Be Lurking in Your Portfolio

If you're looking for a tech fund these days, you might be surprised to find one in your portfolio -- even if it doesn't have "tech" in its name.

Today the average "diversified" growth fund has more than 40 cents of every dollar sunk into tech stocks, according to Morningstar data. Given the outsize returns tech stocks have posted over the past few years -- the average tech fund shot up 135% last year -- you might have already assumed tech stocks are playing a big role in growth funds these days.

Growth in Technology Growth funds of all sizes have big yen for tech.
Large-Cap Growth Funds	Mid-Cap Growth Funds	Small-Cap Growth Funds	S&P 500
44.2%	48.1%	44.4%	29.9%
Source: Moringstar. Data through June 30.

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