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Consolidated Financial Highlights
9 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Investment Company, Financial Highlights [Text Block]

 

Firsthand Technology Value Fund, Inc.

 

Consolidated Financial Highlights
Selected per share data and ratios for a share outstanding throughout each period

 

 

  

FOR THE
NINE MONTHS
ENDED
SEPTEMBER 30, 2025
(Unaudited)

  

FOR THE
YEAR ENDED DECEMBER 31, 2024

  

FOR THE
YEAR ENDED DECEMBER 31, 2023

  

FOR THE
YEAR ENDED DECEMBER 31, 2022

  

FOR THE
YEAR ENDED DECEMBER 31, 2021

  

FOR THE
YEAR ENDED DECEMBER 31, 2020

 

Net asset value at beginning of period

 $0.15  $0.18  $4.44  $13.75  $14.82  $17.70 

Income from investment operations:

                        

Net investment income (loss), before deferred taxes(1)

  (0.09)  0.27   0.16   (1.81)  0.44   0.09 

Net realized and unrealized losses on investments, before deferred taxes

  (0.02)  (0.30)  (4.42)  (7.50)  (1.51)  (2.30)

Tax expense

                 (1.13)

Net realized and unrealized losses on investments, after deferred taxes

  (0.02)  (0.30)  (4.42)  (7.50)  (1.51)  (3.43)

Total from investment operations

  (0.11)  (0.03)  (4.26)  (9.31)  (1.07)  (3.34)

Distributions from:

 

Realized capital gains

                  

Anti-dilutive effect from capital share transactions

                 0.46 

Net asset value at end of period

 $0.04  $0.15  $0.18  $4.44  $13.75  $14.82 

Market value at end of period

 $0.06  $0.06  $0.30  $0.95  $4.01  $4.47 
                         

Total Return

                        

Based on Net Asset Value

  (73.33)%(A)  (16.67)%  (95.95)%  (67.71)%  (7.22)%  (16.27)%

Based on Market Value

  0.0%(A)  (80.00)%  (68.42)%  (76.31)%  (10.29)%  (30.48)%
                         
                         

Net assets at end of period (millions)

 $0.3  $1.1  $1.3  $30.6  $94.8  $102.1 

Ratio of total expenses to average net assets:

                        

Before tax (benefit)/expense

  139.62%(B)  (195.48)%  (7.21)%  4.11%  3.12%  3.10%

Tax expense(2)(3)

     14.28%           8.02%(4)

Total expenses

  139.62%(B)  (181.20)%  (7.21)%  4.11%  3.12%  11.12%

Total expenses, excluding incentive fees and deferred tax expense

  139.62%(B)  (195.48)%  (7.21)%  4.11%  3.12%  3.10%

Total expenses, excluding incentive fees and deferred tax expense and fee waiver

  139.62%(B)  121.49%  11.91%  4.11%  3.12%  3.10%

Ratio of net investment income (loss) to average net assets:

                        

Net investment income (loss)

  (107.81)%(B)  206.76%  8.13%  (20.96)%  2.94%  0.64%

Net investment income (loss) before fee waiver

  (107.81)%(B)  (110.22)%  (10.99)%  (20.96)%  2.94%  0.64%

Portfolio turnover rate

  0%(A)  0%  1%  15%  16%  13%

 

(1)

Calculated using average shares outstanding.

(2)

Tax expense estimate is derived from net investment income (loss), and realized and unrealized gains (losses).

(3)

The tax expense and tax benefit are based on average net assets.

(4)

As restated to reflect the removal of parenthetical notation to appropriately present ratio as deferred tax expense.

(A)

Not Annualized.

(B)

Annualized.

 

See accompanying notes to financial statements