Hennessy Technology Fund (HTCIX)

Morningstar Risk & Return as of 3/31/2018
(Relative to Technology Category)

3YR 5YR10YR Overall
Morningstar Risk Below Avg AverageLow Average
Morningstar Return Low LowLow Low
Morningstar Rating*
# of funds in Technology Category 179 172136 179

*The overall Morningstar Rating is based on risk adjusted returns.

Standard Deviation (Volatility) as of 3/31/2018

3YR 5YR10YR  
Technology Fund (HTCIX) 13.04 13.6217.98  
NASDAQ Composite Index 12.62 11.9117.23  
Technology Funds Category Average 15.19 14.3220.13  

Modern Portfolio Theory Statistics as of 3/31/2018
(Relative to NASDAQ Composite Index)

3YR 5YR10YR  
Beta 0.96 1.020.98  
Alpha -3.26 -5.88-4.98  

Capture Ratios as of 3/31/2018
(Relative to NASDAQ Composite Index)


Standard deviation is a statistical measure of the historical volatility of a mutual fund or portfolio. Beta measures the volatility of the fund, as compared to that of the overall market or of a benchmark. The benchmark’s beta is set at 1.00; a beta higher than 1.00 is considered to be more volatile than the benchmark, while a beta lower than 1.00 is considered to be less volatile. Alpha is an annualized return measure of how much better or worse a fund’s performance is relative to an index of funds in the same category, after allowing for differences in risk. Market Capture Ratio is a statistical measure of the Fund’s overall performance in up-markets (positive return periods) and down-markets (negative return periods). The market capture ratios are used to evaluate how well an investment performed relative to an index during periods when that index has risen or fallen.