Hennessy Technology Fund Investor Class (HTECX)

Overview

This investment fund focuses on acquiring stakes in companies listed on U.S. national securities exchanges. A significant portion of its investments includes American Depositary Receipts (ADRs), which allow U.S. investors to hold shares in foreign companies, essentially providing a method for domestic investors to invest in overseas markets without the complexities of dealing with foreign currencies and laws. The fund is dedicated to investing in the technology sector, targeting companies involved in innovative developments. It commits at least 80% of its net assets to securities of companies deeply engaged in the technology domain, including those focused on research, design, development, manufacturing, and distribution of technology-related products or services.

Products and Services

Investment Options:

• Securities of U.S. Listed Companies: The fund invests in securities of companies that are listed on U.S. national securities exchanges. This includes a wide range of technology firms, from startups to established enterprises, giving investors exposure to the innovation-driven American market.
• American Depositary Receipts (ADRs): These are U.S. dollar-denominated securities of foreign issuers listed on U.S. exchanges. ADRs provide investors with an opportunity to gain exposure to international technology companies without dealing with the complexities of investing directly in foreign markets.
• Technology Sector Focus: By concentrating investments in the technology sector, the fund offers investors a targeted exposure to companies engaged in the research, development, design, manufacturing, or distribution of technology-driven products and services. This sector focus encompasses a broad array of companies, including those involved in software, hardware, electronics, and digital services among others.