Firsthand Technology Opportunities Fund (TEFQX)

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The chart shows the growth of an initial investment of $10,000 in Firsthand Technology Opportunities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Firsthand Technology Opportunities Fund (TEFQX) has returned -19.92% so far this year and 8.54% over the past 12 months. Over the last ten years, TEFQX has returned 3.31% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 3, 2000, TEFQX's average daily return is +0.03%, while the average monthly return is +0.32%. At this rate, your investment would double in approximately 18.1 years.

Historically, 55% of months were positive and 45% were negative. The best month was Oct 2001 with a return of +30.9%, while the worst month was Feb 2001 at -35.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, TEFQX closed higher 50% of trading days. The best single day was Mar 14, 2025 with a return of +130.1%, while the worst single day was Mar 17, 2025 at -53.6%.

Firsthand Technology Opportunities Fund has an annualized alpha of -1.94%, beta of 1.21, and R² of 0.30 versus S&P 500 Index. Calculated based on daily prices since January 04, 2000.

• This fund participated in 151.58% of S&P 500 Index downside but only 139.65% of its upside — more exposed to losses than it benefited from rallies.
• R² of 0.30 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

TEFQX has a high expense ratio of 1.85%, indicating above-average management fees.

TEFQX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Firsthand Technology Opportunities Fund (TEFQX) and compare them to a chosen benchmark (S&P 500 Index).

Firsthand Technology Opportunities Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

The table displays the monthly dividend distributions for Firsthand Technology Opportunities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Firsthand Technology Opportunities 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 Firsthand Technology Opportunities Fund was 92.33%, occurring on Oct 7, 2002. Recovery took 4138 trading sessions.

The current Firsthand Technology Opportunities Fund drawdown is 75.19%.

The chart below shows the rolling one-month volatility.