Fund Evaluator:
Wireless (WIREX)
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Best Performing in Technology Over the Last Year
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Fund Details
Wireless Overview
Wireless (WIREX) is an actively managed Sector Equity Technology fund. Wireless launched the fund in 2000.
The investment seeks long-term growth of capital. The fund, under normal market conditions, invests at least 80% of its assets in the securities of companies engaged in the development, production, or distribution of wireless related products or services. It invests primarily in growth companies whose revenues and earnings are likely to grow faster than the economy as a whole, offering above-average prospects for capital appreciation and little or no emphasis on dividend income. The fund is non-diversified.
About Wireless (WIREX)
There are 1 members of the management team with an average tenure of 26.26 years: Jeffrey Provence (2000). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and NASDAQ Composite TR USD index with a weighting of 100%. Wireless has 20 securities in its portfolio. The top 10 holdings constitute 74.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Wireless is part of the Equity global asset class and is within the Sector Equity fund group. Wireless has 3.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.5%. There is 3.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Wireless has 2.0% of the portfolio in cash.
Assets Under Management
The fund has $13 million in total assets, which is below the $1 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
WIREX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Wireless expense ratio is high compared to funds in the Technology category. Wireless has an expense ratio of 1.95%, which is 59% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Wireless has a portfolio turnover rate of 9%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 77% for the Technology category.
Recently, in the month of June 2026, Wireless returned 0.1%, which earned it a grade of D, as the Technology category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Wireless has a trailing yield of 0.00%, which is below the 0.05% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Wireless Grades
Year to date, the fund has returned 23.4%, 10.2 percentage points worse than the category, which translates into a grade of D. The fund has returned 46.6% over the past year (grade of C), 34.2% over the past three years (grade of C) and 19.6% per year over the past five years (grade of B) and 21.3% per year over the past 10 years (grade of D).
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WIREX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| WIREX Return (NAV) | 0.1% | 33.1% | 46.6% | 34.2% | 19.6% | 21.3% |
| WIREX Grade | D | D | C | C | B | D |
| +/- Category | -1.8% | -7.6% | -7.2% | 1.4% | 4.8% | -1.5% |
| Technology Avg | 1.9% | 40.7% | 53.8% | 32.9% | 14.8% | 22.8% |
| WIREX Tax Cost Ratio | na | na | 0.8% | 0.5% | 1.6% | 1.6% |
WIREX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| WIREX Return (NAV) | 23.4% | 26.6% | 38.3% | 57.7% | -34.7% | 22.8% | 41.0% | 36.7% | -4.5% | 29.8% | 7.0% |
| WIREX Grade | D | B | A | B | B | B | F | D | D | F | D |
| +/- Category | -10.2% | 1.9% | 10.0% | 8.1% | 3.5% | 5.6% | -15.8% | -4.6% | -0.6% | -7.6% | -3.8% |
| Technology Avg | 33.6% | 24.7% | 28.3% | 49.6% | -38.2% | 17.2% | 56.9% | 41.2% | -3.9% | 37.4% | 10.8% |
| Risk Measures | |
| Standard Deviation: | 21.2% |
| Total Risk Index: | 1.74 - High |
| Category Risk Index: | 0.87 - Below Average |
| Category Risk Grade: | B (26% Rank) |
| Beta: | 1.43 |
| R-Squared: | 73% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $13 Mil |
| Fund Total Assets: | $ 14 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 9% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 26.3 years | |||
| Average Tenure: 26.3 years | |||
| Managers (Year): Provence Jeffrey (2000) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 20 |
| % in Top 10 Holdings: | 74.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 3.5% |
Portfolio Allocation |
|
| Domestic Stock: | 94.5% |
| Foreign Stock: | 3.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.0% |
Purchase Information
| Fund Family: | Wireless |
| Phone Number: | 800-590-0898 |
| Website: | www.wireless-fund.com |
| Status: | Open |
| Inception Date: | April 3, 2000 |
| Min. Initial Purchase: | $5,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.95% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.23% |
| Share Class: | Wireless |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 100 |
