Firsthand Technology Value Fund Performance

Firsthand Technology Value Fund


Stock Price Performance

The Fund's market price, volume, and 52-week range is shown in the chart below. You can also click on the graph to see historical price performance for the 3-month, 1-year, 3-year, and 5-year periods.

NAV Performance

The Fund's net asset value ("NAV") is calculated quarterly by dividing the total value of the portfolio by the number of shares outstanding. The Fund's NAV at inception (April 18, 2011) was $27.01; as of December 31, 2022, the NAV is $4.44. It is important to recognize that the NAV reflects the payment of cash distributions throughout the Fund's history. Each time a distribution is paid out, the NAV is lowered by the amount of the distribution. The Fund has paid out four distributions in its history: $0.32 in December 2013, $3.00 in November 2014, $2.86 in December 2014, and $0.03 in December 2018. If the NAV is adjusted to include these distributions, the NAV as of December 31, 2022, would be $5.88, which represents a 78.3% decline since inception. The chart below shows the difference between NAV and this adjusted NAV.

NAV assumes reinvestment of distributions ($0.317276 on 12/23/13, $2.998210 on 11/6/14, $2.861560 on 12/11/14, and $0.034226 on 12/21/18).

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