Information Technology Sector: Overview and Funds

Information Technology Sector: Overview and Funds

The information technology (IT) sector is comprised of companies that produce software, hardware or semiconductor equipment, or companies that provide internet or related services. The three major industry groups within the IT sector are software and services, technology hardware and equipment and semiconductors and semiconductor equipment. These three industry groups are further divided into industries and sub-industries. Companies are aligned to a specific sub-industry that best describes their core or most profitable business. In this guide, we will cover the various industries and sub-industries that make up the three major industry groups within the IT sector.

Software and Services

The software and services industry group is made up of companies that provide internet services, as well as companies that provide software and IT services. Internet services include companies that provide online databases or interactive services, such as search engines or social networks. IT services includes companies that provide IT consulting or data processing services to other companies. Finally, software consists of any sort of software for business or consumer use, ranging from enterprise software and systems software to video games.

Industry
Sub-Industry
Description

Internet Software & Services

Internet Software & ServicesCompanies that develop and market internet software or provide internet services, including online databases or interactive services. This also includes companies whose revenue mainly comes from online advertising.

IT Services

IT Consulting & Other ServicesCompanies that provide IT services or systems integration services, including IT consulting and information management.
Data Processing & Outsourced ServicesCompanies that provide data processing or outsourcing services, including back-office automation services.
SoftwareApplication SoftwareCompanies that develop and produce software for business or consumer use, including enterprise applications and technical software. This excludes home entertainment and educational software.
Systems SoftwareCompanies that develop and produce database management software and systems.
Home Entertainment SoftwareCompanies that produce home entertainment software, such as video games, and educational software for consumer use.
{"alignsHorizontal":[],"alignsVertical":[],"columnWidths":[],"data":[["Industry","Sub-Industry","Description"],["\u003C\/p\u003E\n\n\u003Cp\u003EInternet Software & Services","Internet Software & Services","Companies that develop and market internet software or provide internet services, including online databases or interactive services. This also includes companies whose revenue mainly comes from online advertising."],["\u003C\/p\u003E\n\n\u003Cp\u003EIT Services","IT Consulting & Other Services","Companies that provide IT services or systems integration services, including IT consulting and information management."],["^^^","Data Processing & Outsourced Services","Companies that provide data processing or outsourcing services, including back-office automation services."],["Software","Application Software","Companies that develop and produce software for business or consumer use, including enterprise applications and technical software. This excludes home entertainment and educational software."],["^^^","Systems Software","Companies that develop and produce database management software and systems."],["^^^","Home Entertainment Software","Companies that produce home entertainment software, such as video games, and educational software for consumer use."]],"footnote":"","hasMarginBottom":true,"isExpandable":true,"isSortable":false,"maxWidth":"1215","minWidth":"100%","showSearch":false,"sortColumnIndex":0,"sortDirection":"asc"}

Examples of companies that provide software and services include Google, eBay, Facebook, Accenture, PayPal, Adobe, Microsoft and Electronic Arts (EA).

Technology Hardware and Equipment

Technology hardware and equipment is broken down into three industries: communications equipment, technology hardware, storage and peripherals and electronic equipment, instruments and components. Communications equipment includes routers, telephones and switchboards. Technology hardware, storage and peripherals includes computers, printers and cell phones. Electronic equipment, instruments and components include companies that make equipment like barcode scanners, transformers and security systems, as well as companies that are distributors or Original Equipment Manufacturers (OEM). An OEM is a company that makes parts or components that are used in another company’s end product. For example, many Dell computers use Intel processors and have Windows pre-installed--Intel and Microsoft could be considered OEMs for Dell.

Industry
Sub-Industry
Description

Communications Equipment

Communications EquipmentCompanies that produce communication equipment, including local area networks (LAN), routers, telephones, and switchboards. This excludes companies that make cell phones.

Technology Hardware, Storage & Peripherals

Technology Hardware, Storage & PeripheralsCompanies that produce cell phones, PCs, servers, electronic computer products and peripherals. This also includes motherboards, audio and video cards, monitors, keyboards and printers.

Electronic Equipment, Instruments & Components

Electronic Equipment & InstrumentsCompanies that produce electronic equipment, including scanner/barcode products, lasers, point-of-sale machines/cash registers and security systems.
Electronic ComponentsCompanies that produce electronic components, including transformers, electronic capacitors and resistors, electronic coils and connection devices.
Electronic Manufacturing ServicesCompanies that produce electronic equipment as an Original Equipment Manufacturer (OEM). An OEM is a company that makes a part or component that is used in another company's end product.
Technology DistributorsCompanies that distribute hardware and technology equipment to other companies, but do not produce this equipment or sell it to consumers. This includes companies that distribute communications equipment, computers and semiconductors.
{"alignsHorizontal":[],"alignsVertical":[],"columnWidths":[],"data":[["Industry","Sub-Industry","Description"],["\u003C\/p\u003E\n\n\u003Cp\u003ECommunications Equipment","Communications Equipment","Companies that produce communication equipment, including local area networks (LAN), routers, telephones, and switchboards. This excludes companies that make cell phones."],["\u003C\/p\u003E\n\n\u003Cp\u003ETechnology Hardware, Storage & Peripherals","Technology Hardware, Storage & Peripherals","Companies that produce cell phones, PCs, servers, electronic computer products and peripherals. This also includes motherboards, audio and video cards, monitors, keyboards and printers."],["\u003C\/p\u003E\n\n\u003Cp\u003EElectronic Equipment, Instruments & Components","Electronic Equipment & Instruments","Companies that produce electronic equipment, including scanner\/barcode products, lasers, point-of-sale machines\/cash registers and security systems."],["^^^","Electronic Components","Companies that produce electronic components, including transformers, electronic capacitors and resistors, electronic coils and connection devices."],["^^^","Electronic Manufacturing Services","Companies that produce electronic equipment as an Original Equipment Manufacturer (OEM). An OEM is a company that makes a part or component that is used in another company's end product."],["^^^","Technology Distributors","Companies that distribute hardware and technology equipment to other companies, but do not produce this equipment or sell it to consumers. This includes companies that distribute communications equipment, computers and semiconductors."]],"footnote":"","hasMarginBottom":true,"isExpandable":true,"isSortable":false,"maxWidth":"1215","minWidth":"100%","showSearch":false,"sortColumnIndex":0,"sortDirection":"asc"}

Examples of companies that produce technology hardware and equipment include Apple, HP, Dell, Motorola, Cisco Systems, SanDisk and Western Digital.

Semiconductors and Semiconductor Equipment

Semiconductors are substances that can conduct electricity under some conditions, but not others, making them ideal for controlling electrical currents. Silicon is a material that is frequently used as a semiconductor. This industry group includes both companies that make semiconductors and companies that make peripheral equipment for semiconductors.

Industry

Sub-Industry
Description

Semiconductors & Semiconductor Equipment

Semiconductor EquipmentCompanies that produce semiconductor equipment, including manufacturing raw materials and creating equipment used in the solar power industry.
SemiconductorsCompanies that create semiconductors, including companies that make solar modules and cells.
{"alignsHorizontal":["left","left","right"],"alignsVertical":[],"columnWidths":[],"data":[["\u003C\/p\u003E\n\n\u003Cp\u003EIndustry","Sub-Industry","Description"],["\u003C\/p\u003E\n\n\u003Cp\u003ESemiconductors & Semiconductor Equipment","Semiconductor Equipment","Companies that produce semiconductor equipment, including manufacturing raw materials and creating equipment used in the solar power industry."],["^^^","Semiconductors","Companies that create semiconductors, including companies that make solar modules and cells."]],"footnote":"","hasMarginBottom":true,"isExpandable":true,"isSortable":false,"maxWidth":"1215","minWidth":"100%","showSearch":false,"sortColumnIndex":0,"sortDirection":"asc"}

Examples of companies that make semiconductors and related equipment include Intel, Microchip Technology, Nvidia, QUALCOMM and Texas Instruments.

Information Technology Sector ETFs and Mutual Funds

Listed below are over 200 ETFs, index funds and mutual funds that track the information technology sector or specific industries, such as semiconductors or internet software. The expense fees of the funds below range from 0.10% to 2.80%.

Name
Symbol
Expense Ratio

Vanguard Information Technology ETF

VGT0.10%

Vanguard Information Technology Index Fund Admiral Shares

VITAX0.10%

Fidelity MSCI Information Tech ETF

FTEC0.12%

Technology Select Sector SPDR

XLK0.14%

PowerShares S&P SmallCap Information Technology ETF

PSCT0.29%

SPDR Morgan Stanley Technology ETF

MTK0.35%

Market Vectors Semiconductor ETF

SMH0.35%

SPDR S&P Semiconductor ETF

XSD0.35%

SPDR S&P Software & Services ETF

XSW0.35%

Guggenheim S&P 500 Equal Weight Technology ETF

RYT0.40%

SPDR S&P International Technology Sector ETF

IPK0.40%

Nationwide Ziegler NYSEArcaTech100 Fund Class I

NWJEX0.42%
Show All Rows
{"alignsHorizontal":["left","left","right"],"alignsVertical":[],"columnWidths":[],"data":[["Name","Symbol","Expense Ratio"],["\u003C\/p\u003E\n\n\u003Cp\u003EVanguard Information Technology ETF","VGT","0.10%"],["\u003C\/p\u003E\n\n\u003Cp\u003EVanguard Information Technology Index Fund Admiral Shares","VITAX","0.10%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity MSCI Information Tech ETF","FTEC","0.12%"],["\u003C\/p\u003E\n\n\u003Cp\u003ETechnology Select Sector SPDR","XLK","0.14%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPowerShares S&P SmallCap Information Technology ETF","PSCT","0.29%"],["\u003C\/p\u003E\n\n\u003Cp\u003ESPDR Morgan Stanley Technology ETF","MTK","0.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMarket Vectors Semiconductor ETF","SMH","0.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003ESPDR S&P Semiconductor ETF","XSD","0.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003ESPDR S&P Software & Services ETF","XSW","0.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGuggenheim S&P 500 Equal Weight Technology ETF","RYT","0.40%"],["\u003C\/p\u003E\n\n\u003Cp\u003ESPDR S&P International Technology Sector ETF","IPK","0.40%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Ziegler NYSEArcaTech100 Fund Class I","NWJEX","0.42%"],["\u003C\/p\u003E\n\n\u003Cp\u003EiShares U.S. Technology ETF","IYW","0.43%"],["\u003C\/p\u003E\n\n\u003Cp\u003ESPDR FactSet Innovative Technology ETF","XITK","0.45%"],["\u003C\/p\u003E\n\n\u003Cp\u003EiShares North American Tech ETF","IGM","0.47%"],["\u003C\/p\u003E\n\n\u003Cp\u003EiShares Global Tech ETF","IXN","0.47%"],["\u003C\/p\u003E\n\n\u003Cp\u003EiShares Exponential Technologies ETF","XT","0.47%"],["\u003C\/p\u003E\n\n\u003Cp\u003EiShares North American Tech-Software ETF","IGV","0.47%"],["\u003C\/p\u003E\n\n\u003Cp\u003EiShares PHLX Semiconductor ETF","SOXX","0.47%"],["\u003C\/p\u003E\n\n\u003Cp\u003EiShares North American Tech-Multimedia Networking ETF","IGN","0.47%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWisdomTree Japan Hedged Tech, Media and Telecom ETF","DXJT","0.48%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFirst Trust NASDAQ Technology Dividend ETF","TDIV","0.50%"],["\u003C\/p\u003E\n\n\u003Cp\u003EJohn Hancock Multifactor Technology ETF","JHMT","0.50%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFirst Trust Dow Jones Internet ETF","FDN","0.54%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Ziegler NYSEArcaTech100 Institutional Service Class","NWJFX","0.56%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFirst Trust ISE Cloud Computing ETF","SKYY","0.60%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFirst Trust NASDAQ-100-Technology Sector ETF","QTEC","0.60%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPowerSHares NASDAQ Internet ETF","PNQI","0.60%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPowerShares DWA Technology Momentum ETF","PTF","0.60%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFirst Trust NASDAQ Cybersecurity ETF","CIBR","0.60%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFirst Trust Technology AlphaDEX ETF","FXL","0.63%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPowerShares Dynamic Software ETF","PSJ","0.63%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPowerShares Dynamic Semiconductors ETF","PSI","0.63%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPowerShares Dynamic Networking ETF","PXQ","0.63%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGlobal X Social Media ETF","SOCL","0.65%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGlobal X NASDAQ China Technology ETF","QQQC","0.65%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGuggenheim China Technology ETF","CQQQ","0.70%"],["\u003C\/p\u003E\n\n\u003Cp\u003EKraneShares CSI China Internet ETF","KWEB","0.71%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Technology Fund Class I","FATIX","0.74%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPureFunds ISE Cyber Security ETF","HACK","0.75%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPureFunds ISE Mobile Payments ETF","IPAY","0.75%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPureFunds ISE Big Data ETF","BDAT","0.75%"],["\u003C\/p\u003E\n\n\u003Cp\u003EBlueStar TA-BIGITech Israel Technology ETF","ITEQ","0.75%"],["\u003C\/p\u003E\n\n\u003Cp\u003EJanus Aspen Global Technology Institutional Class","JGLTX","0.76%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDeutsche Science and Technology Institutional Class","KTCIX","0.76%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity\u00ae Select Software & IT Services Portfolio","FSCSX","0.77%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity\u00ae Select Electronics","FSELX","0.77%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity\u00ae Select Technology","FSPTX","0.78%"],["\u003C\/p\u003E\n\n\u003Cp\u003EJanus Global Technology Fund Class I","JATIX","0.79%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Ziegler NYSEArcaTech100 Fund Class A","NWJCX","0.79%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity\u00ae Select Computers","FDCPX","0.80%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDirexion Daily Cyber Security and IT Bear 2X ETF","HAKD","0.81%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDirexion Daily Cyber Security and IT Bull 2X ETF","HAKK","0.81%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity\u00ae Select IT Services","FBSOX","0.81%"],["\u003C\/p\u003E\n\n\u003Cp\u003EIvy Science and Technology Fund Class R6","ISTNX","0.82%"],["\u003C\/p\u003E\n\n\u003Cp\u003ET. Rowe Price Science & Technology","PRSCX","0.84%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDeutsche Science and Technology Fund Class S","KTCSX","0.85%"],["\u003C\/p\u003E\n\n\u003Cp\u003EEmerging Markets Internet & eCommerce ETF","EMQQ","0.86%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Fund Class R5","FTPIX","0.87%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity\u00ae Select Communications Equipment Portfolio","FSDCX","0.89%"],["\u003C\/p\u003E\n\n\u003Cp\u003EJanus Global Technology Fund Class D","JNGTX","0.90%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Comms & Info Fund Class I","CSFIX","0.91%"],["\u003C\/p\u003E\n\n\u003Cp\u003ET. Rowe Price Global Technology","PRGTX","0.91%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class R5","MTCLX","0.92%"],["\u003C\/p\u003E\n\n\u003Cp\u003EJanus Global Technology Fund Class T","JAGTX","0.93%"],["\u003C\/p\u003E\n\n\u003Cp\u003EProShares Ultra Technology ETF","ROM","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERobo Global Robotics & Automation ETF","ROBO","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003EProShares Ultra Semiconductors ETF","USD","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003EARK Web x.0 ETF","ARKW","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003EARK Innovation ETF","ARKK","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003EProShares UltraShort Technology","REW","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003EProShares UltraShort Semiconductors","SSG","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Global Technology Growth Fund Class Y","CGTUX","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Bailard Tech&Sci Fund Class M","NWHQX","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Bailard Tech&Sci Institutional Class","NWHTX","0.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Electronics Fund Class I","FELIX","0.96%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDirexion Daily Semiconductor Bull 3X ETF","SOXL","0.97%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDirexion Daily Semiconductor Bear 3X ETF","SOXS","0.97%"],["\u003C\/p\u003E\n\n\u003Cp\u003EIvy Science & Technology Fund Class I","ISTIX","0.97%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMatthews Asia Science and Tech Institutional Class","MITEX","0.97%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Communications and Information Fund Class R5","SCMIX","0.97%"],["\u003C\/p\u003E\n\n\u003Cp\u003EVALIC Company I Science & Technology","VCSTX","0.97%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDirexion Daily Technology Bear 3X ETF","TECS","0.98%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Global Technology Growth Fund Class I","CONIX","0.98%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDeutsche Science and Technology Fund Class A","KTCAX","0.98%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDirexion Daily Technology Bull 3X ETF","TECL","0.99%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class I","CSYIX","0.99%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWaddell & Reed Science & Technology Fund Class Y","USTFX","0.99%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Global Technology Growth Fund Class R5","CTHRX","1.00%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPutnam Global Technology Fund Class Y","PGTYX","1.01%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDreyfus Technology Growth Fund Class I\nDGVRX","1.02%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class I","MTCIX","1.02%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class R4","MTCJX","1.02%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class R5","SGTTX","1.02%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Bailard Tech&Sci Institutional Service Class","NWHUX","1.03%"],["\u003C\/p\u003E\n\n\u003Cp\u003EHenderson Global Technology Fund Class R6","HFGRX","1.04%"],["\u003C\/p\u003E\n\n\u003Cp\u003ET. Rowe Price Science & Technology Fund Advisor Class","PASTX","1.06%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Technology Fund Class A","FADTX","1.08%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGoldman Sachs Technology Opportunities Institutional Class","GITIX","1.08%"],["Janus Global Technology Fund Class A","JATAX","1.08%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Comms & Info Fund Class Z","CCIZX","1.10%"],["\u003C\/p\u003E\n\n\u003Cp\u003EHenderson Global Technology Fund Class I","HFGIX","1.11%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERed Oak Technology Select","ROGSX","1.11%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Communications and Information Fund Class R4","SCIOX","1.11%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Communications Equip Fund Class I","FDMIX","1.14%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Global Technology Growth Fund Class Z","CMTFX","1.15%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Global Technology Growth Fund Class R4","CTYRX","1.15%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Fund Class Y","ITYYX","1.15%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class R4","CCHRX","1.17%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class Z","CSGZX","1.17%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMatthews Asia Science and Tech Investor Class","MATFX","1.18%"],["\u003C\/p\u003E\n\n\u003Cp\u003EUSAA Science & Technology","USSCX","1.18%"],["\u003C\/p\u003E\n\n\u003Cp\u003EJanus Global Technology Fund Class S","JATSX","1.20%"],["\u003C\/p\u003E\n\n\u003Cp\u003EIvy Science & Technology Fund Class Y","WSTYX","1.22%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGoldman Sachs Technology Opportunities Fund Class IR","GISTX","1.23%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERS Technology Fund Class Y","RIFYX","1.24%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Communications and Information Fund Class K","SCIFX","1.24%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWaddell & Reed Science & Technology Fund Class A","UNSCX","1.24%"],["\u003C\/p\u003E\n\n\u003Cp\u003EBlack Oak Emerging Technology","BOGSX","1.25%"],["\u003C\/p\u003E\n\n\u003Cp\u003EAllianzGI Technology Institutional Class","DRGTX","1.26%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENorthern Technology","NTCHX","1.26%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPutnam Global Technology Fund Class A","PGTAX","1.26%"],["\u003C\/p\u003E\n\n\u003Cp\u003EIvy Science & Technology Fund Class A","WSTAX","1.26%"],["\u003C\/p\u003E\n\n\u003Cp\u003EBlackRock Science & Technology Opportunities Institutional Shares","BGSIX","1.27%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Electronics Fund Class A","FELAX","1.27%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class A","MTCAX","1.27%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class R3","MTCHX","1.27%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Bailard Tech&Sci Fund Class A","NWHOX","1.27%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class K","SGTSX","1.27%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDreyfus Technology Growth Fund Class A","DTGRX","1.28%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Investor","FTCHX","1.30%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Sector Fund Class Y","IFODX","1.33%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Technology Fund Class T","FATEX","1.34%"],["\u003C\/p\u003E\n\n\u003Cp\u003EHenderson Global Technology Fund Class A","HFGAX","1.34%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Internet Investor Class","RYIIX","1.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Electronics Investor Class","RYSIX","1.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Technology Investor Class","RYTIX","1.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Communications and Information Fund Class B","SLMBX","1.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Communications and Information Fund Class A","SLMCX","1.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWells Fargo Specialized Technology Fund Class Admin","WFTDX","1.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003EAllianzGI Technology Fund Class P","ARTPX","1.36%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Communications Equip Fund Class A","FDMAX","1.39%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Global Technology Growth Fund Class A","CTCAX","1.40%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Fund Class A","ITYAX","1.40%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class A","SHGTX","1.42%"],["\u003C\/p\u003E\n\n\u003Cp\u003EUSAA Science & Technology Adviser Class","USTCX","1.42%"],["\u003C\/p\u003E\n\n\u003Cp\u003EIvy Science & Technology Fund Class E","ISTEX","1.43%"],["\u003C\/p\u003E\n\n\u003Cp\u003EICON Information Technology Fund Class S","ICTEX","1.44%"],["\u003C\/p\u003E\n\n\u003Cp\u003EBlackRock Science & Technology Opportunities Service Shares","BSTSX","1.48%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGoldman Sachs Technology Opportunities Fund Class A","GITAX","1.48%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERS Technology Fund Class A","RSIFX","1.49%"],["\u003C\/p\u003E\n\n\u003Cp\u003EAllianzGI Technology Administrative","DGTAX","1.51%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPutnam Global Technology Fund Class R","PGTRX","1.51%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWells Fargo Specialized Technology Fund Class A","WFSTX","1.51%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class R2","MTERX","1.52%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Ziegler NYSEArcaTech100 Fund Class C","NWJDX","1.53%"],["\u003C\/p\u003E\n\n\u003Cp\u003EIvy Science & Technology Fund Class R","WSTRX","1.57%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGoldman Sachs Technology Opportunities Service Class","GITSX","1.58%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Sector Fund Class A","IFOAX","1.58%"],["\u003C\/p\u003E\n\n\u003Cp\u003EBlackRock Science & Technology Opportunities Investor A Shares","BGSAX","1.59%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Technology Fund Class A","RYTHX","1.59%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Communications and Information Fund Class R","SCIRX","1.60%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Electronics Fund Class T","FELTX","1.61%"],["\u003C\/p\u003E\n\n\u003Cp\u003EAllianzGI Technology Fund Class A","RAGTX","1.61%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Electronics Fund Class A","RYELX","1.61%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Internet Fund Class A","RYINX","1.61%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Communications Equip Fund Class T","FDMTX","1.64%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class R","SGTRX","1.67%"],["\u003C\/p\u003E\n\n\u003Cp\u003EJanus Global Technology Fund Class C","JAGCX","1.72%"],["\u003C\/p\u003E\n\n\u003Cp\u003EICON Information Technology Fund Class A","ICTTX","1.75%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPutnam Global Technology Fund Class M","PGTMX","1.76%"],["\u003C\/p\u003E\n\n\u003Cp\u003ESaratoga Technology & Communications Fund Class I","STPIX","1.80%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Technology Fund Class C","FTHCX","1.83%"],["\u003C\/p\u003E\n\n\u003Cp\u003EBlackRock Science & Technology Opportunities R Shares","BGSRX","1.85%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDeutsche Science and Technology Fund Class C","KTCCX","1.85%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Internet Fund Class H","RYIAX","1.85%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Electronics Fund Class H","RYSAX","1.85%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Technology Fund Class H","RYTAX","1.85%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFirsthand Technology Opportunities","TEFQX","1.85%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Technology Fund Class B","FABTX","1.90%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERS Technology Fund Class K","RIFKX","1.93%"],["\u003C\/p\u003E\n\n\u003Cp\u003EIvy Science & Technology Fund Class C","WSTCX","1.95%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFirsthand Alternative Energy","ALTEX","1.98%"],["\u003C\/p\u003E\n\n\u003Cp\u003EBerkshire Focus","BFOCX","1.99%"],["\u003C\/p\u003E\n\n\u003Cp\u003ENationwide Bailard Tech&Sci Fund Class C","NWHPX","1.99%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPutnam Global Technology Fund Class C","PGTDX","2.01%"],["\u003C\/p\u003E\n\n\u003Cp\u003EPutnam Global Technology Fund Class B","PGTPX","2.01%"],["\u003C\/p\u003E\n\n\u003Cp\u003EIvy Science & Technology Fund Class B","WSTBX","2.01%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class B","MTCBX","2.02%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class C","MTCCX","2.02%"],["\u003C\/p\u003E\n\n\u003Cp\u003EMFS Technology Fund Class R1","MTCKX","2.02%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Electronics Fund Class C","FELCX","2.05%"],["\u003C\/p\u003E\n\n\u003Cp\u003EDreyfus Technology Growth Fund Class C","DTGCX","2.08%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Electronics Fund Class B","FELBX","2.09%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Communications and Information Fund Class C","SCICX","2.10%"],["\u003C\/p\u003E\n\n\u003Cp\u003EHenderson Global Technology Fund Class C","HFGCX","2.12%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Global Technology Growth Fund Class B","CTCBX","2.14%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Communications Equip Fund Class B","FDMBX","2.14%"],["\u003C\/p\u003E\n\n\u003Cp\u003EFidelity Advisor\u00ae Communications Equip Fund Class C","FDMCX","2.14%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Global Technology Growth Fund Class C","CTHCX","2.15%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Fund Class C","ITHCX","2.15%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Fund Class B","ITYBX","2.15%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class B","SHTBX","2.17%"],["\u003C\/p\u003E\n\n\u003Cp\u003EColumbia Seligman Global Technology Fund Class C","SHTCX","2.17%"],["\u003C\/p\u003E\n\n\u003Cp\u003ESaratoga Technology & Communications Fund Class A","STPAX","2.20%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWaddell & Reed Science & Technology Fund Class C","WCSTX","2.20%"],["\u003C\/p\u003E\n\n\u003Cp\u003EGoldman Sachs Technology Opportunities Fund Class C","GITCX","2.23%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWells Fargo Specialized Technology Fund Class C","WFTCX","2.26%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWells Fargo Specialized Technology Fund Class B","WFTBX","2.27%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERS Technology Fund Class C","RINCX","2.28%"],["\u003C\/p\u003E\n\n\u003Cp\u003EWaddell & Reed Science & Technology Fund Class B","USTBX","2.30%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Sector Fund Class C","IFOCX","2.32%"],["\u003C\/p\u003E\n\n\u003Cp\u003EInvesco Technology Sector Fund Class B","IFOBX","2.33%"],["\u003C\/p\u003E\n\n\u003Cp\u003EUpright Growth","UPUPX","2.34%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Technology Fund Class C","RYCHX","2.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Internet Fund Class C","RYICX","2.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003ERydex Electronics Fund Class C","RYSCX","2.35%"],["\u003C\/p\u003E\n\n\u003Cp\u003EAllianzGI Technology Fund Class C","RCGTX","2.36%"],["\u003C\/p\u003E\n\n\u003Cp\u003EBlackRock Science & Technology Opportunities Investor C Shares","BGSCX","2.40%"],["\u003C\/p\u003E\n\n\u003Cp\u003EHennessy Technology Institutional Class","HTCIX","2.44%"],["\u003C\/p\u003E\n\n\u003Cp\u003EJacob Internet Investor Class","JAMFX","2.46%"],["\u003C\/p\u003E\n\n\u003Cp\u003EHennessy Technology Investor","HTECX","2.75%"],["\u003C\/p\u003E\n\n\u003Cp\u003ESaratoga Technology & Communications Fund Class C","STPCX","2.80%\u003C\/p\u003E\n\n\u003Cp\u003E"]],"footnote":"","hasMarginBottom":true,"isExpandable":true,"isSortable":false,"maxWidth":"1215","minWidth":"100%","showSearch":false,"sortColumnIndex":0,"sortDirection":"asc"}

When purchasing shares of a fund, you should always research the fund. This includes researching the investment strategy, fees and loads and historical returns. You should also consider your own portfolio allocation and strategy.

Madison is a former Research Analyst at ValuePenguin who focused on student loans and personal loans. She graduated from the University of Rochester with a B.A. in Financial Economics with a double minor in Business and Psychology.