Firsthand Technology Opportunities Fund (TEFQX)

Firsthand Technology Opportunities (MUTF: TEFQX)

The Firsthand Technology Opportunities fund seeks long-term growth of capital. The fund generally invests >80% of assets in growth high-technology companies in the industries and markets. It may purchase stocks of small-, mid-, and large-cap companies. This Firsthand fund's investment portfolio includes new companies with market capitalization in the small- or mid-cap categories. It is a non-diversified mutual fund.

TEFQX Fund Details
Firsthand Technology Opportunities
  • Fund Inception Date: September 30, 1999
  • Ticker Symbol: TEFQX
  • CUSIP: 337941504 Beta (3yr): 1.02
  • Rank in category (YTD): 41
  • Category: Technology
  • Distribution: 0.0%
  • Capital Gains: N/A
  • Number of Years Up: 7 years
  • Number of Years Down: 4 years
  • Total Net Assets: $59.1 million
Updated August 5th, 2011

This fund has a 1.85% annual expense ratio. This fee is a bit higher than the average expense fee in the Technology category which is 1.67%. The fund’s lead manager is Kevin Landis. Landis has managed this best rated technology sector fund since the fund inception date in September 1999. Kevin is assisted by Han Lee that has joined since July 2009. As part of no load fund, this best rated fund doesn’t have a sales load fee and a management fee. Like any typical technology stocks, it also doesn’t have any yield currently (i.e. yield is 0%).

This TEFQX fund receives five stars rating from Morningstar. It also among the best fund listed in US News best mutual funds. The fund has returned 21.09% over the past year and 6.94% over the past ten years. It has YTD return of 2.48%. The fund has its best performance year in 2009 with 73.98%. Its worst performance return occurred in 2000 with -55.08%.

Investor will need $2,000 minimum balance to invest in this fund in either regular brokerage account or IRA account. This Firsthand fund is available to many investors. Investors can purchase this fund through 71 brokerages. They are Merrill Lynch, JP Morgan, Vanguard, Schwab Retail, LPL SAM Eligible, TD Ameritrade Inc, Raymond James, Firstrade, etc. There is no other class of this fund.

The top ten holdings of this Firsthand Funds as of March 2011 are Sina Corp, Inc, VeriFone Holdings Inc, International Ltd, Atheros Communications Inc, Google Inc, ARM Holdings plc-ADR, Akamai Technologies Inc, Novell Inc and Tencent Holdings Ltd. These ten holdings represent 30.4% of the total net assets. The top holdings by industry are Internet (28.7%), Semiconductors (13.9%), Software (8.5%), Communications Equipment (7.8%) and Other Electronics (6.8%).

Disclosure: No Position


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