Risk lovers seeking to derive healthy return over a fairly long investment horizon may opt for technology mutual funds. It is believed that the technology sector is poised for brighter earnings performance compared to other sectors due to higher demand for technology and innovation. Though the sector is likely to experience more volatility than others in the short term, the extent of volatility is believed to decline over a longer time horizon. Meanwhile, most of the mutual funds investing in securities from these sectors opt for a growth oriented approach that includes focusing on strong fundamentals of companies and a relatively higher investment horizon. Moreover, technology has come to have a broader meaning than just hardware and software companies. Social media and "Internet" companies are now a part of the technology landscape. Below we will share with you four buy-rated technology mutual funds . Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) as we expect these mutual funds to outperform their peers in the future. To view the Zacks Rank and past performance of all technology funds, investors can click here to see the complete list of funds . Fidelity Select Technology Portfolio (FSPTX) seeks capital growth over the long run. FSPTX invests a large chunk of its assets in common stocks of companies primarily involved in production, development and sale of products used for technological advancement. FSPTX invests in both US and non-US companies. Factors including financial strength and economic condition are considered before investing in a company. Fidelity Select Technology Portfolio is non-diversified and has a three-year annualized return of 14.2%. Charlie Chai is the fund manager and has managed FSPTX since 2007. MFS Technology A (MTCAX) invests a large chunk of its assets in securities of companies involved in operations related to products and services that are believed to benefit from advancement and improvement of technology. MTCAX invests in securities issued throughout the globe including those from emerging markets. MFS Technology A is a non-diversified fund and has a three-year annualized return of 15.1%. As of February 2016, MTCAX held 80 issues with 12.28% of its assets invested in Alphabet Inc A. T. Rowe Price Media & Telecommunications (PRMTX) seeks to provide long-term capital growth. PRMTX invests a major portion of its assets in securities of companies involved in operations related to media and telecommunications. PRMTX primarily invests in common stocks of large- and mid-cap companies. T. Rowe Price Media & Telecommunications has a three-year annualized return of 13.5%. Paul D. Greene II is the fund manager of PRMTX since 2013. Matthews Asia Science and Technology Investor (MATFX) invests the majority of its assets in securities of technology companies located in Asia. According to MATFX’s advisors, companies that earn a maximum share of their revenue by carrying out operations related to the technology domain are considered as technology companies. MATFX primarily invests in common and preferred stocks of companies. Matthews Asia Science and Technology Investor has a three-year annualized return of 11.6%. MATFX has an expense ratio of 1.18% as compared to the category average of 1.45%. To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds . 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. Pick the best mutual funds with the Zacks Rank. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (FSPTX): Fund Analysis Report Get Your Free (MTCAX): Fund Analysis Report Get Your Free (PRMTX): Fund Analysis Report Get Your Free (MATFX): Fund Analysis Report To read this article on Zacks.com click here.