TEFQX Performance — Firsthand Technology Opportunities Fund
Data updated: 2026-08-27
TEFQX returned +9.54% year to date and +12.28% over one year to Jun 2026. Annualised returns are +5.48% over 3 years and −18.28% over 5 years. The fund trailed its Technology Equity category average: $100 invested three years ago grew to $117, against $225 for the category, and to $112 over one year, against $146. Volatility over the past three years was 32.82% a year. In the 12 months to Jun 2026 the fund lost a net $5.1M, and assets reached $51.45M.
TEFQX Growth of $100
What $100 invested in Firsthand Technology Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Technology Equity category average over the same months.
| Period | TEFQX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $112 | $146 |
| 3 years (Jul 2023 – Jun 2026) | $117 | $225 |
| 5 years (Jul 2021 – Jun 2026) | $36 | $201 |
| Since data start (Jan 2020 – Jun 2026) | $81 | $342 |
TEFQX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.54% |
| 1 year | +12.28% |
| 3 years (annualised) | +5.48% |
| 5 years (annualised) | −18.28% |
TEFQX Annual Returns
Calendar-year total returns of Firsthand Technology Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.54% |
| 2025 | +29.82% |
| 2024 | −22.02% |
| 2023 | +10.82% |
| 2022 | −59.91% |
| 2021 | −16.68% |
| 2020 | +96.55% |
TEFQX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −4.7% | −5.1% | −6.1% | +23.0% | +19.5% | −12.2% | — | — | — | — | — | — |
| 2025 | +8.4% | −3.4% | −8.6% | +10.5% | +9.5% | +9.3% | +5.0% | +0.6% | +3.2% | +5.9% | −12.8% | +1.9% |
| 2024 | −4.9% | −6.7% | −5.8% | −9.1% | −2.2% | −1.7% | −1.4% | +3.1% | 0.0% | −1.4% | +11.2% | −4.3% |
| 2023 | +10.5% | +2.4% | −1.8% | −13.7% | +6.1% | +2.9% | +14.7% | −12.8% | −10.3% | −8.3% | +19.5% | +7.7% |
| 2022 | −17.6% | −0.9% | +1.6% | −22.6% | −12.7% | −13.4% | +6.9% | −0.3% | −10.5% | −3.2% | +3.3% | −13.4% |
| 2021 | +3.9% | +2.6% | −11.1% | +3.9% | −3.2% | +18.1% | −2.4% | −3.5% | −8.3% | +8.0% | −12.8% | −9.0% |
| 2020 | +4.1% | −5.9% | −10.4% | +11.8% | +14.8% | +5.6% | +13.0% | +5.2% | −1.8% | +2.5% | +22.3% | +12.9% |
TEFQX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 32.82%
- 3-year Sharpe ratio: 0.03 (vs 4.5% risk-free rate)
- Best month: +22.97% (Apr 2026)
- Worst month: −12.85% (Aug 2023)
TEFQX Fund Flows
Monthly money in and out of Firsthand Technology Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$5.1M
- 12-month gross sales (incl. reinvestments): $10.6M
- Sales ÷ redemptions: 0.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $526K | $1.1M | −$622K |
| May 2026 | $343K | $1.2M | −$852K |
| Apr 2026 | $707K | $966K | −$258K |
| Mar 2026 | $476K | $394K | $82K |
| Feb 2026 | $587K | $632K | −$45K |
| Jan 2026 | $650K | $1.3M | −$644K |
| Dec 2025 | $484K | $1.3M | −$771K |
| Nov 2025 | $965K | $1.6M | −$660K |
| Oct 2025 | $1.7M | $2.4M | −$649K |
| Sep 2025 | $1.5M | $1.5M | $41K |
| Aug 2025 | $892K | $1.7M | −$808K |
| Jul 2025 | $1.7M | $1.6M | $90K |
TEFQX Assets Under Management
Net assets of Firsthand Technology Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $51.45M |
| 2026-03-31 | $41.28M |
| 2025-12-31 | $49.16M |
| 2025-09-30 | $54.43M |
| 2025-06-30 | $50.63M |
| 2025-03-31 | $38.25M |
| 2024-12-31 | $41.64M |
| 2024-09-30 | $42.94M |
| 2024-06-28 | $44.71M |
| 2024-03-28 | $54.99M |
| 2023-12-29 | $72.85M |
| 2023-09-29 | $66.58M |
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.