Sector – Tech fund seekers may want to consider taking a look at Franklin DynaTech Advisor (FDYZX). FDYZX carries a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.

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FDYZX is part of the Sector – Tech category, which boasts an array of different possible selections. With a much more diversified approach, Sector – Tech mutual funds give investors a way to own a stake in a notoriously risky sector. Tech companies are in various industries like semiconductors, software, internet, and networking, among others.

FDYZX finds itself in the Franklin family, based out of San Mateo, CA. Franklin DynaTech Advisor made its debut in November of 2010, and since then, FDYZX has accumulated about $3.55 billion in assets, per the most up-to-date date available. The fund’s current manager, Rupert H. Johnson Jr.Has been in charge of the fund since November of 2010.

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 15.76%, and it sits in the middle third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 3.38%, which places it in the bottom third during this time-frame.

It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower.

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When looking at a fund’s performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of FDYZX over the past three years is 24.51% compared to the category average of 15.71%. Over the past 5 years, the standard deviation of the fund is 23.7% compared to the category average of 16.48%. This makes the fund more volatile than its peers over the past half-decade.

Investors should not forget about beta, an important way to measure a mutual fund’s risk compared to the market as a whole. FDYZX has a 5-year beta of 1.13, which means it is likely to be more volatile than the market average. Because alpha represents a portfolio’s performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. FDYZX’s 5-year performance has produced a negative alpha of -0.64, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.

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