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Home > Mutual Funds > TVFQX |
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| The Fund invests primarily in securities of high-technology companies that we believe are undervalued and have potential for capital appreciation. These companies may be young, relatively small companies that are not yet broadly known, or well-established companies that we believe are currently out of favor in the market. |
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| Compared with Firsthand's other mutual funds, Firsthand Technology Value Fund tends to have the most diverse investments in terms of both the size of companies as well as industries within the technology sector. |
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| 1. |
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Netflix, Inc. |
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| 2. |
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SoloPower - Series A* |
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| 3. |
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VeriFone Holdings, Inc. |
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| 4. |
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Intel Corp. |
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| 5. |
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Intevac, Inc. |
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| 6. |
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Broadcom Corp. - A |
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| 7. |
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QUALCOMM, Inc. |
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| 8. |
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Silicon Genesis Corp. - Series 1-E* |
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| 9. |
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Corning, Inc. |
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| 10. |
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A123 Systems, Inc. |
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Percentages of Total Portfolio: 53.8% |
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| * |
An asterisk indicates a private company. |
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| Manager: |
Kevin Landis |
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| Manager tenure: |
Since inception |
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| Total net assets: |
$142.8 million |
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| Number of companies: |
37 |
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| 2009 turnover: |
21% |
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| Inception date: |
5/20/94 |
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| Ticker symbol: |
TVFQX |
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| CUSIP: |
337941108 |
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| Sales load: |
None |
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| Redemption fee: |
None |
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| 2009 gross expense ratio: |
1.95% |
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| 2009 net expense ratio: |
1.94% |
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| ß (beta):1 |
0.98 |
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| r2 (r-squared):2 |
0.65 |
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| Firsthand Technology Value Fund |
NASDAQ |
S&P 500
Index |
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| Since inception* |
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| 10-Year |
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| 5-Year |
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| 3-Year |
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| 1-Year |
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| Q2 '10** |
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Firsthand
Technology
Value Fund |
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| Since inception* |
9.19% |
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| 10-Year |
-11.75% |
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| 5-Year |
-2.44% |
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| 3-Year |
-13.16% |
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| 1-Year |
4.26% |
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| YTD |
-9.60% |
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| * 5/20/94 ** Not annualized |
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| The Fund's performance information assumes reinvestment of all dividends and includes all Fund expenses, but does not reflect the impact of taxes. Performance data quoted represent past performance, which is not a guarantee of future results, and current performance may be lower or higher than the performance quoted. Both the return from and the principal value of an investment in the Fund will fluctuate so that any investor's shares, when redeemed, may be worth more or less than their original cost. |
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| The Fund's total operating expenses are 1.85%. Under the Investment Advisory Agreements, the Investment Adviser has agreed to reduce its fees and/or make expense reimbursements so that the Fund's total operating expenses are limited to 1.85% of the Fund's average daily net assets up to $200 million, 1.80% of such assets from $200 million to $500 million, 1.75% of such assets from $500 million to $1 billion, and 1.70% of such assets in excess of $1 billion. |
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| Chart represents the growth of a hypothetical $10,000 investment from Firsthand Technology Value Fund inception date until the end of the quarter indicated. Firsthand Technology Value Fund performance assumes reinvestment of all dividends and includes all Firsthand Technology Value Fund expenses but does not reflect the impact of taxes. |
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| Internet |
16.7% |
| Semiconductors |
13.7% |
| Renewable Energy |
10.7% |
| Other Electronics |
9.2% |
| Advanced Materials |
6.4% |
| Communications Equipment |
6.3% |
| Intellectual Property |
5.9% |
| Communications |
3.2% |
| Battery |
3.0% |
| Defense and Aerospace |
2.4% |
| Internet Security |
2.4% |
| Energy Efficiency |
2.3% |
| Consumer Electronics |
2.1% |
| Peripherals |
1.6% |
| Software |
1.6% |
| Other |
1.9% |
| Net Cash |
10.6% |
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| Giant Cap (>$25B) |
13.2% |
| Large Cap ($5-$25B) |
22.7% |
| Mid Cap ($1-$5B) |
19.9% |
| Small Cap (<$1B) |
33.6% |
| Net Cash |
10.6% |
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| United States |
88.6% |
| China |
7.2% |
| Bermuda |
1.9% |
| Cayman Islands |
1.8% |
| Other |
0.5% |
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| Portfolio assets such as cash, treasuries, options, and warrants are not presented in the top 10 list. |
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| The information provided should not be considered a recommendation to purchase or sell a particular security and there is no assurance that, as of the date of publication, the securities purchased remain in the Fund's portfolio or that securities sold have not been repurchased. Also, you should note that the securities discussed, even if they have been purchased by the Fund, do not represent the Fund's entire portfolio and, in the aggregate, may represent only a small percentage of the Fund's holdings. There can be no assurance that any Firsthand Fund will buy, sell, or hold any particular security after the date referred to in the discussion. |
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| 2009 total distributions: |
None |
| 2008 total distributions: |
None |
| 2007 total distributions: |
None |
| 2006 total distributions: |
None |
| 2005 total distributions: |
None |
| 2004 total distributions: |
None |
| 2003 total distributions: |
None |
| 2002 total distributions: |
None |
| 2001 total distributions: |
$0.38492 |
| 2000 total distributions: |
$7.8609 |
| 1999 total distributions: |
$2.7258 |
| 1998 total distributions: |
None |
| 1997 total distributions: |
$2.2364 |
| 1996 total distributions: |
2.9000 |
| 1995 total distributions: |
$0.4000 |
| 1994 total distributions: |
$0.8300 |
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| Record Date: |
12/14/01 |
| Ex-Date: |
12/17/01 |
| Reinvestment Price: |
$41.98 |
| Expected Distribution Frequency: |
Annual |
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| 1 |
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Beta is a measure of a given fund's historical performance as compared to the S&P 500 Index (the "benchmark"). A beta greater than 1 indicates that the fund's performance has tended to magnify the movements of the benchmark (in either direction). A high beta suggests that a fund has responded strongly to variations in the market, and a low beta suggests relative insensitivity to variations in the market. |
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| 2 |
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R-squared measures the portion of a fund's historical movements that can be explained by the movements of a benchmark index (usually the S&P 500 Index). An r-squared of 1.00 means that all of the fund's historical movements can be explained by the benchmark index's movements. An r-squared of 0.00 indicates that none of the fund's movements can be explained by movements in the benchmark index. |
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| 3 |
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The NASDAQ Composite Index (NASDAQ) and the Standard & Poor's 500 Index (S&P 500) each represent an unmanaged, broad-based basket of stocks and are typically used as benchmarks for overall market performance. The indices' performance figures assume the reinvestment of all dividends (except where noted), but do not reflect the impact of taxes. Additionally, because an investor cannot invest in an index directly, indices' performance figures do not reflect the expenses associated with the management of an actual mutual fund portfolio. |
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Firsthand Technology Value Fund is subject to greater risk than more diversified funds because of its investments in fewer securities and because of its concentration of investments in the technology and health care sectors. Specific risks associated with investments in technology and medical industries (as described in the prospectus) could cause the Fund's share price to fluctuate dramatically. The Fund's investments in small-cap companies present greater risk than investments in larger companies. The Fund invests in several industries within the technology sector and the relative weightings of these industries in the Fund's portfolio may change at any time. Equity investing involves risks, including the potential loss of the principal amount invested. |
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