Risk lovers seeking healthy returns over a fairly long investment horizon may opt for technology mutual funds. It is believed that the technology sector is poised for a brighter earnings performance than others owing to innovation and greater demand. Improving industry fundamentals and emerging technologies — such as wearables, VR headsets, drones, virtual reality devices and artificial intelligence (AI) — are the key catalysts for the sector.Meanwhile, most mutual funds investing in securities from these sectors prefer a growth-oriented approach that includes focusing on companies with strong fundamentals and a relatively higher investment prospect. Moreover, technology now has broader coverage than just hardware and software companies. Social media and Internet companies are also part of the technology landscape today.Below we share with you three top-ranked technology mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.Fidelity Select Computers Portfolio FDCPX aims for capital appreciation. This non-diversified fund invests the majority of assets in securities of companies primarily engaged in research, design, development, manufacture or distribution of products and services related to currently available or experimental hardware technology in the computer industry. FDCPX has three-year annualized returns of nearly 26%.As of the end of May 2021, FDCPX held 36 issues with 15.14% of its assets invested in Samsung Electronics Co Ltd.T. Rowe Price Science and Technology Fund PRSCX aims for long-term capital appreciation. This non-diversified fund invests in common stocks of companies expected to benefit from the development and use of science and/or technology. It may invest in foreign stocks, including issuers in emerging markets. PRSCX has three-year annualized returns of 27.2%.PRSCX has an expense ratio of 0.77% compared with the category average of 1.05%.Fidelity Select Software & IT Services Portfolio FSCSX aims for capital appreciation. The non-diversified fund invests the majority of its assets in common stocks of companies engaged in research, design, production, or distribution of products or processes that relate to software or information-based services. FSCSX has three-year annualized returns of 27.8%.Ali Khan is one the fund managers of FSCSX since 2014.To view the Zacks Rank and past performance of all technology mutual funds, investors can click here to see the complete list of funds.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >> Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>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 (FSCSX): Fund Analysis Report Get Your Free (PRSCX): Fund Analysis Report Get Your Free (FDCPX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research 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