HTECX Fees and Costs — Hennessy Technology Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 1.24%: a 0.74% management fee, a 0.15% 12b-1 fee plus 1.99% other expenses, less a 1.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $17K in broker commissions, 0.2102% of average net assets, and portfolio turnover was 99%.
HTECX Fees and Expenses
Annual operating expenses and sales charges of HTECX. Prospectus, as of March 2, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.15% |
| Other expenses | 1.99% |
| Gross expense ratio | 2.88% |
| Fee waiver | −1.64% |
| Net expense ratio | 1.24% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HTECX Costs Over Time
On $10,000 invested in HTECX, assuming 5% a year before costs, total costs come to $899 over 5 years, cutting the return by 1.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.24%) | $130 | $404 | $698 |
| Trading costs (broker commissions) | $22 | $69 | $118 |
| Lost growth on money paid in costs | $0 | $23 | $83 |
| Total costs | $152 | $496 | $899 |
| Value after costs | $10,348 | $11,080 | $11,864 |
| Impact on return, per year | 1.52% | 1.52% | 1.52% |
HTECX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2102%
- Total broker commissions: $17K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 99%
- Securities lending: none during the year
HTECX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JonesTrading Institutional Services LLC | $8K | 47.58% |
| Jefferies LLC | $5K | 30.26% |
| Cowen Execution Services LLC | $4K | 22.16% |
Hennessy Technology Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HTCIX | Institutional Class | 0.99% | — |
| HTECX | Investor Class | 1.24% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.