The Zacks Mutual Fund Rank Reveals Its Top 5 International Funds: Fidelity Select Technology, Wells Fargo Advantage Specialized Technology A, Goldman Sachs Technology Tollkeeper A, Matthews Asia Science & Technology and MFS Technology A

CHICAGO, Jan. 18, 2011 /PRNewswire/ -- Today Zacks.com features the Top 5 International Funds: Fidelity Select Technology (MUTF: FSPTX), Wells Fargo Advantage Specialized Technology A (MUTF: WFSTX), Goldman Sachs Technology Tollkeeper A (MUTF: GITAX), Matthews Asia Science & Technology (MUTF: MATFX) and MFS Technology A (MUTF: MTCAX).

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These International funds are given our highest rating; Zacks #1 Ranked Strong Buys. That means we expect these funds to outperform their peers in the future.

Zacks.com provides exclusive ratings on over 18,000 funds in 42 different categories. To learn more about Zacks Mutual Fund Rank, click here. http://at.zacks.com/?id=6760

Top 5 Technology Mutual Funds

Investors seeking long-term aggressive holdings and possessing the appetite to stomach the volatility involved would do well to consider technology funds. Funds from this industry sector are still a nascent category and emerged as a category to reckon with only in the 1990s. Tech funds enjoyed tremendous growth the years that followed, but their subsequent decline has kept the risk-averse investor away. 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 mutual funds. Each has earned a Zacks #1 Rank (Strong Buy) as we expect these mutual funds to outperform their peers in the future.

Fidelity Select Technology (MUTF: FSPTX) seeks long term capital growth. The fund invests primarily in companies that develop or offer products, processes, or services that benefit significantly from technological advances. The technology mutual fund returned 29.23% in the last one year period.

The technology mutual fund has a minimum initial investment of $2,500 and an expense ratio of 0.89% compared to a category average of 1.74%.

Wells Fargo Advantage Specialized Technology A (MUTF: WFSTX) invests the majority of its assets in equity securities of companies in the technology domain. The fund may utilize up to half of its assets to purchase foreign securities. Not more than 25% of its assets may be invested in one country. The technology mutual fund has a three year annualized return of 2.96%.

The fund manager is Walter C. Price, Jr. and he has managed this technology mutual fund since 2000.

Goldman Sachs Technology Tollkeeper A (MUTF: GITAX) seeks long term capital appreciation. At least 80% of its assets are invested in equity securities of Tollkeeper companies .These are companies that are positioned to benefit from the proliferation of technology. The technology mutual fund returned 25.2% in the last one year period.

The technology mutual fund has a minimum initial investment of $1,000 and an expense ratio of 1.50% compared to a category average of 1.74%.

Matthews Asia Science & Technology (MUTF: MATFX) invests a large portion of its assets in stocks of Asian companies. At least 50% of the total revenue of these companies must be generated from sales of products and services to the technology sector. This technology mutual fund has a ten year annualized return of 7.45%.

As of September 2010, this technology mutual fund held 58 issues, with 7.48% of its total assets invested in Baidu Inc ADR.

MFS Technology A (MUTF: MTCAX) seeks capital growth over the long term. The fund invests a large share of its assets in companies whose businesses gain from advancements in the technology domain. Domestic and foreign stocks, including emerging market securities constitute its major investments. The technology mutual fund returned 7.45% in the last one year period.

The fund manager is Telis D. Bertsekas and he has managed this technology mutual fund since 2005.

To view the Zacks Rank and past performance of all International Funds then click   here.

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