Hennessy Technology Fund (HTECX)
The fund invests primarily in companies whose securities are listed on U.S. national securities exchanges, including through American Depositary Receipts (“ADRs”), which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. Under normal circumstances, it invests at least 80% of its net assets in securities of companies that are principally engaged in the research, design, development, manufacturing, or distributing of products or services in the technology industry.
Fund Info
| ISIN | US42588P8582 |
|---|---|
| CUSIP | 42588P858 |
| Issuer | Hennessy |
| Inception Date | Jan 31, 2002 |
| Category | Technology Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
HTECX has a high expense ratio of 1.23%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: HTECX vs. XLK
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Technology Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Hennessy Technology Fund had a return of 6.81% year-to-date (YTD) and 31.44% in the last 12 months. Over the past 10 years, Hennessy Technology Fund had an annualized return of 11.78%, outperforming the S&P 500 benchmark which had an annualized return of 10.90%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.81% | 11.05% |
| 1 month | 3.92% | 4.86% |
| 6 months | 16.48% | 17.50% |
| 1 year | 31.44% | 27.37% |
| 5 years (annualized) | 13.61% | 13.14% |
| 10 years (annualized) | 11.78% | 10.90% |
Monthly Returns
The table below presents the monthly returns of HTECX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.50% | 4.85% | 1.56% | -5.29% | 6.81% | ||||||||
| 2023 | 10.61% | -0.67% | 5.04% | -7.20% | 9.53% | 7.20% | 1.93% | -2.53% | -4.60% | -3.97% | 10.92% | 7.08% | 35.95% |
| 2022 | -7.91% | -3.30% | 0.22% | -10.76% | 0.38% | -10.71% | 10.74% | -3.84% | -10.87% | 8.82% | 7.29% | -6.79% | -26.28% |
| 2021 | -0.04% | 5.58% | 3.20% | 2.06% | -0.30% | 4.04% | -0.26% | 1.62% | -5.71% | 3.11% | -2.94% | 4.06% | 14.75% |
| 2020 | -0.61% | -9.10% | -14.00% | 14.05% | 5.67% | 4.56% | 3.16% | 6.44% | -1.75% | -1.44% | 18.59% | 7.76% | 33.04% |
| 2019 | 13.55% | 7.03% | -0.40% | 6.65% | -11.93% | 8.47% | 3.35% | -3.29% | 2.29% | 3.11% | 5.24% | 1.71% | 39.13% |
| 2018 | 6.69% | 0.72% | -0.76% | 0.05% | 4.35% | -2.69% | 2.22% | 9.33% | -2.38% | -10.38% | 1.00% | -8.66% | -2.28% |
| 2017 | 4.76% | 3.25% | -0.89% | 0.42% | 3.35% | 0.06% | 3.52% | -1.39% | 2.15% | 2.27% | 0.98% | 0.37% | 20.31% |
| 2016 | -9.51% | -0.80% | 5.99% | 0.41% | 3.23% | -2.13% | 6.25% | 1.79% | 2.39% | -2.88% | -1.52% | -0.19% | 2.03% |
| 2015 | -1.83% | 6.22% | -1.56% | 1.06% | 2.36% | -2.37% | 2.36% | -7.81% | -3.47% | 10.43% | 0.78% | -1.55% | 3.46% |
| 2014 | 1.24% | 7.30% | -7.88% | -7.11% | 5.27% | 6.42% | -4.44% | 5.83% | -2.82% | 0.27% | 1.55% | -2.39% | 1.73% |
| 2013 | 4.48% | -1.54% | 1.83% | -0.68% | 2.58% | -1.51% | 5.71% | 1.13% | 4.39% | 3.67% | 3.46% | 3.13% | 29.75% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HTECX is 67, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
HTECX (Hennessy Technology Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hennessy Technology Fund (HTECX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Technology Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.01 | $6.70 | $0.85 | $0.52 | $2.26 | $1.63 |
Dividend yield | 0.00% | 0.00% | 0.07% | 33.37% | 3.58% | 2.65% | 15.53% | 9.60% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Technology Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.70 | $6.70 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.85 | $0.85 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.26 | $2.26 |
| 2017 | $1.63 | $1.63 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Hennessy Technology Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hennessy Technology Fund was 58.85%, occurring on Nov 20, 2008. Recovery took 1221 trading sessions.
The current Hennessy Technology Fund drawdown is 2.14%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.85% | Nov 1, 2007 | 266 | Nov 20, 2008 | 1221 | Oct 1, 2013 | 1487 |
| -46.87% | Mar 11, 2002 | 146 | Oct 7, 2002 | 228 | Sep 4, 2003 | 374 |
| -35% | Jan 17, 2020 | 45 | Mar 23, 2020 | 95 | Aug 6, 2020 | 140 |
| -34.88% | Sep 7, 2021 | 280 | Oct 14, 2022 | 319 | Jan 24, 2024 | 599 |
| -25.36% | Aug 30, 2018 | 80 | Dec 24, 2018 | 68 | Apr 3, 2019 | 148 |
Volatility
Volatility Chart
The current Hennessy Technology Fund volatility is 5.26%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.