2 / 5 Stars
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Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 50 Technology Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 28.56 percent over the past year, 8.64 percent over the past three years, 13.40 percent over the past five years, and 6.22 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||4.1%|
|3 Years (Annualized)||8.6%|
|5 Years (Annualized)||13.4%|
|10 Years (Annualized)||6.2%|
The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets plus the amount of any borrowings for investment purposes in securities of companies that are principally engaged in the research, design, development, manufacturing or distributing products or services in the technology industry. It will primarily invest in equity securities of companies listed on a U.S. securities exchange or NASDAQ that are expected to experience earnings growth as a result of technology. The fund may invest up to 20% of its net assets in companies outside of the technology industry. It is non-diversified.
Fees are Low compared to funds in the same category.
Hennessy Technology Fund has an expense ratio of 1.95 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.