Three Standout Tech Funds Worth Your Attention as S&P 500 Marks Strong Winning Streak

The technology sector continues to be the primary growth engine for the S&P 500, which has just completed its best three-year performance since 2019-2021. After accumulating gains of approximately 80% across 2023, 2024, and 2025, the broader index demonstrates the sustained momentum that has rewarded equity investors. For those looking to capitalize on this tech-driven bull market, three strategically positioned tech funds deserve serious consideration: Fidelity Select Semiconductors Portfolio (FSELX), T. Rowe Price Science & Tech (PRSCX), and Janus Henderson Global Technology and Innovation Fund (JNGTX).

Why Now Matters: Understanding the Market Backdrop

The S&P 500’s journey through 2025 reflected the real-world complexities of modern markets. Early optimism around business-friendly policies gave way to trade tensions, pushing the index dangerously close to bear market territory by mid-year with an 18% decline. However, resilience emerged as negotiations progressed, setting the stage for a powerful recovery. By year-end, the index had climbed 16.4%, with artificial intelligence investments and semiconductor enthusiasm driving much of the advance. The index registered eight straight months of gains and has now produced positive returns in 11 of the last 13 quarters—a testament to the strength of the current cycle.

Selecting Tech Funds: What Separates Winners

Investors pursuing tech exposure through mutual funds gain two critical advantages: lower transaction costs and built-in diversification without the commission burdens that accompany individual stock purchases. The three recommended funds share several distinguishing characteristics: Zacks Mutual Fund rankings of #1 (Strong Buy) or #2 (Buy), expense ratios below 1%, and accessibility with minimum initial investments of $5,000 or less. Most importantly, each has demonstrated strong performance metrics over both three and five-year periods, indicating consistent execution through market cycles.

Fund Spotlight: Semiconductor-Focused Strategy

Fidelity Select Semiconductors Portfolio (FSELX) targets capital appreciation by concentrating at least 80% of assets in companies engaged in semiconductor design, manufacturing, distribution, and related electronic component activities. Over a decade-long track record, FSELX has delivered three-year and five-year annualized returns of 48% and 31.6% respectively. With an expense ratio of just 0.62%—well below the category average—and a #1 Zacks ranking, this fund offers direct exposure to the semiconductor cycle that has benefited from AI infrastructure buildout.

Tech and Innovation Focus: Broader Approach

T. Rowe Price Science & Tech (PRSCX) takes a wider lens, investing at least 80% of assets in companies positioned to benefit from technological advancement and scientific breakthroughs. While predominantly invested in U.S. equities, PRSCX maintains flexibility to access foreign stocks, futures, and options. The fund’s three and five-year returns stand at 36.1% and 14.6% respectively, supported by an expense ratio of 0.81% and a #1 Zacks ranking. This balanced approach appeals to investors seeking diversified tech exposure beyond semiconductors alone.

Global Technology Strategy: International Dimension

Janus Henderson Global Technology and Innovation Fund (JNGTX) emphasizes long-term capital growth through a global lens, concentrating resources in companies the manager believes will benefit substantially from technological improvements. With three and five-year annualized returns of 33.2% and 14.4%, JNGTX provides exposure to international tech opportunities. Its 0.83% expense ratio trails the category average of 0.99%, and it carries the same #1 Zacks ranking as its peers, making it attractive for investors seeking geographic diversification alongside sector focus.

The Investment Case Moving Forward

As the S&P 500 extends what is now its strongest winning streak since 2019-2021, technology remains the sector most likely to drive continued appreciation. The three tech funds profiled here offer distinct but complementary approaches: semiconductor concentration, science and technology breadth, and global innovation exposure. Each combines strong historical returns, reasonable costs, and professional management. For investors committed to capturing tech sector growth within a diversified mutual fund wrapper, these options merit serious evaluation.