Tech stocks have dominated market gains in recent years.

In fact, the S&P 500 Equal Weight Information Technology index has had a 12.5% annualized five-year return from July 2019 – widely outpacing other sectors such as consumer staples, energy and financials.

Still, the tech sector faces an uncertain future. “We do not think the daily grind upward in the stock indexes is sustainable, largely amid the possibility of mixed earnings reports over the next few weeks and the possibility of yet another Fed rate hike,” said James Demmert, chief investment officer of Main Street Research, earlier this week before the U.S. Federal Reserve opted to raise interest rates.

Look beyond tech

But there are opportunities beyond tech: Morningstar data reveals the funds outside of tech and growth sectors that have also outperformed over the last five years.

The following is a list of such U.S. dollar-denominated funds that had among the highest annualized return over the last five years — from July 2018 to the end of June this year — according to Morningstar data.

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