For investors seeking long-term aggressive holdings and willing to accept the volatility involved, technology funds could be an ideal option. This category of funds is still relatively new and emerged as a category to reckon with only in the 1990s. Inspite of the phenomenal growth they enjoyed in the years that followed, their subsequent decline made them unpalatable to the risk-averse investor. However, since this market bubble burst, fund prices have been based on stronger fundamentals, substantially reducing the risk involved. Below we will share with you 5 top rated technology funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect the fund to outperform its peers in the future. To view the Zacks Rank and past performance of all technology funds, then click here. Wasatch Global Science & Technology ( WAGTX) invests the majority of its assets in domestic and foreign companies in the science and technology domain. It invests in at least three developed countries including the U.S. The fund may also purchase a substantial amount of emerging market securities. The fund returned 76.85% in the last one year period. The fund has a minimum initial investment of $2,000 and an expense ratio of 1.95% compared to a category average of 1.81%. Fidelity Select Software and Computer Services ( FSCSX) seeks long term capital growth. At least 80% of its assets are invested in companies whose principal operations are related to software or information-based services. The fund may purchase foreign securities and may invest heavily in a single issuer. It is non-diversified and has a five year annualized return of 8.73%. The fund manager is Brian Lempel and he has managed this fund since 2009. Henderson Global Technology A (HFGAX) invests a large share of its assets in companies which have the potential to benefit from technological advancements and innovation. It invests in companies worldwide and purchases stocks in firms with smaller market capitalizations. The fund returned 71.63% in the last one year and has a three year annualized return of 3.41%. As of December 2009, this technology fund held 53 issues, with 4.52% of its total assets invested in Apple Inc. Munder Growth Opportunities A ( MNNAX) seeks capital appreciation. It invests the majority of its assets in firms which seek to garner significant benefits from the growth of the Internet. Up to 25% of its assets may be utilized to purchase foreign securities. It may invest substantial amounts in IPOs. The fund returned 75.56% in the last one year period. The technology fund has a minimum initial investment of $2,500 and an expense ratio of 2.62% compared to a category average of 1.81%. Matthews Asian technology (MATFX) invests a large portion of its assets in common and preferred stocks of Asian companies. At least 50% of the total revenue of these companies must be generated from sales of products and services to companies in the technology sector. It is a no-load fund. This technology fund has a five year annualized return of 7.32%. To view the Zacks Rank and past performance of all technology funds, then click here. About Zacks Mutual Fund Rank By applying the Zacks Rank to mutual funds, investors can find funds that not only outpaced the market in the past but are also expected to outperform going forward. Learn more about the Zacks Mutual Fund Rank at http://www.zacks.com/funds/mutualfund/ Zacks Investment Research