www.hennessyfunds.com
Open in
urlscan Pro
104.130.180.91
Public Scan
Submitted URL: https://go.hennessyfunds.com/e/291422/funds-gas-portfolio/28yr4vz/1003491059?h=muHn7YsmRssi26vFbJMAE-BvN2YdrupRkhGUVFppCRQ
Effective URL: https://www.hennessyfunds.com/funds/gas
Submission: On March 25 via api from CH — Scanned from DE
Effective URL: https://www.hennessyfunds.com/funds/gas
Submission: On March 25 via api from CH — Scanned from DE
Form analysis 2 forms found in the DOM
POST https://www.hennessyfunds.com/funds/gas/nav-download
<form action="https://www.hennessyfunds.com/funds/gas/nav-download" method="post">
<input type="hidden" name="share_class" value="investor">
<ul class="hList hList--bottom js-dateRange" data-daterange-disablefuture="true" data-daterange-startdate="05/10/1989" data-daterange-enddate="03/24/2022">
<li>
<div class="field field--sm">
<div class="field__hd">
<label class="field__label" for="startDate">Select a start date</label>
</div>
<div class="field__bd">
<input type="text" class="field__input js-dateRange-start" id="startDate" name="startDate" placeholder="mm/dd/yyyy" value="05/10/1989">
</div>
</div>
</li>
<li>
<div class="field field--sm">
<div class="field__hd">
<label class="field__label" for="endDate">Select an end date</label>
</div>
<div class="field__bd">
<input type="text" class="field__input js-dateRange-end" id="endDate" name="endDate" placeholder="mm/dd/yyyy" value="03/24/2022">
</div>
</div>
</li>
<li>
<input type="submit" name="submit" class="btn" value="Download" title="Download">
</li>
</ul>
</form>POST https://www.hennessyfunds.com/funds/gas/nav-download
<form action="https://www.hennessyfunds.com/funds/gas/nav-download" method="post">
<input type="hidden" name="share_class" value="institutional">
<ul class="hList hList--bottom js-dateRange" data-daterange-disablefuture="true" data-daterange-startdate="03/01/2017" data-daterange-enddate="03/24/2022">
<li>
<div class="field field--sm">
<div class="field__hd">
<label class="field__label" for="startDate">Select a start date</label>
</div>
<div class="field__bd">
<input type="text" class="field__input js-dateRange-start" id="startDate" name="startDate" placeholder="mm/dd/yyyy" value="03/01/2017">
</div>
</div>
</li>
<li>
<div class="field field--sm">
<div class="field__hd">
<label class="field__label" for="endDate">Select an end date</label>
</div>
<div class="field__bd">
<input type="text" class="field__input js-dateRange-end" id="endDate" name="endDate" placeholder="mm/dd/yyyy" value="03/24/2022">
</div>
</div>
</li>
<li>
<input type="submit" name="submit" class="btn" value="Download" title="Download">
</li>
</ul>
</form>Text Content
Skip to Content
MobileMenu
CloseIcon
* Funds DropdownArrow
* View All Funds
* Prices & Performance
* Distributions
* Fund Documents
* Shareholder Forms
* Tax Center
* Investment Guides
* Domestic Equity
* Cornerstone Growth Fund
* Focus Fund
* Cornerstone Mid Cap 30 Fund
* Cornerstone Large Growth Fund
* Cornerstone Value Fund
* Multi-Asset
* Total Return Fund
* Equity and Income Fund
* Balanced Fund
* Sector & Specialty
* Energy Transition Fund
* Midstream Fund
* Gas Utility Fund
* Japan Fund
* Japan Small Cap Fund
* Large Cap Financial Fund
* Small Cap Financial Fund
* Technology Fund
* Insights DropdownArrow
* Resource Type
* Portfolio Perspectives
* Sector Highlights
* Videos
* White Papers
* Investment Ideas
* Market Outlooks
* Conference Call Recaps
* Company Spotlights
* View All Insights
* View Investment Guides
* Topic
* Overall Market
* Domestic Equity
* Energy
* Financials
* Japan
* Multi Asset
* Technology
Featured Insights
25 Years of a Focused Approach
The Portfolio Managers discuss how the Focus Fund has rewarded investors over
25 years. They also share their current outlook.
Natural Gas and the Energy Transition
We believe natural gas plays a role as an essential bridge to a more
sustainable and reliable energy future and will help meet increased demand.
* People DropdownArrow
* Meet the Team
* Portfolio Management
* Chief Market Strategist
* Client Services
* Business Management
Meet Our Portfolio Managers
Our Managers average over 20 years of investing experience.
Meet Neil J. Hennessy
As Chief Market Strategist, Neil delivers powerful market and economic
insights.
Meet Masakazu Takeda
Based in Asia, Masa is a recognized expert on investing in Japan.
* About DropdownArrow
* Firm Overview
* Investment Philosophy
* Invest With Us
* Shareholder Forms
OUR HISTORY
Since our founding, our priority has been meeting shareholders' needs.
HOW WE INVEST
High-conviction strategies, managed for long-term results.
REQUEST AN INVESTMENT KIT
We look forward to the opportunity to work together.
* News DropdownArrow
* News & Press Center
* Media Coverage
* Press Releases
TD Ameritrade - "Energy Sector Funds: GASFX and HNRGX"
TD Ameritrade - "Stock Picks: CarMax (KMX), Restoration Hardware (RH)"
TD Ameritrade - "Forecasting 2022 Performance For Financials"
* Hennessy Advisors
* My Account
* Contact
* Search Search
Search Search
YOU ARE NOW LEAVING THE HENNESSY FUNDS SITE.
Continue
* Overview
* Insights & News
* Performance
* Portfolio
* Distributions
* Fund Documents
Hennessy Gas Utility Fund
Investor
GASFX
Institutional
HGASX
* Overview
* Insights & News
* Performance
* Portfolio
* Distributions
* Fund Documents
* All Funds
Return to Top
ArrowRight
* OVERVIEW
PlusInTables
PlusInTables
Category
Sector & Specialty - Energy
Hennessy_UpdatedAsset_Final
HENNESSY GAS UTILITY FUND
Using an index strategy, the Fund maintains a portfolio of
distribution-focused natural gas companies.
INVESTOR
GASFX
INSTITUTIONAL
HGASX
DOCUMENTS
* PDF Fact Sheet
* PDF Prospectus
MORNINGSTAR STYLE BOX
Investment Strategy - View Video ArrowRight
GAS UTILITY FUND INVESTMENT STRATEGY
Portfolio Manager Ryan Kelley describes the Fund's investment strategy, which
focuses on the distribution of natural gas by owning publicly traded members
of the American Gas Association.
--------------------------------------------------------------------------------
WHY INVEST
* Exposure to companies that should benefit from the growing demand for
natural gas
* Index-based investment methodology
* Gas utility stocks may provide stability during highly volatile market
cycles
--------------------------------------------------------------------------------
INVESTMENT APPROACH
The Hennessy Gas Utility Fund holds shares of publicly traded members of the
American Gas Association (AGA), which comprise the AGA Stock Index. The AGA
Stock Index is market-cap weighted and adjusted for the percentage of natural
gas assets on each company’s balance sheet.
The Fund invests in each company in approximately the same proportion as its
weighting in the AGA Stock Index, with no company representing greater than
5% of Fund assets. The Fund tracks the Index on a real-time basis, and the
Fund is adjusted daily. The Fund's portfolio remains fully invested, with a
goal of correlation of performance to the AGA Stock Index of over 95%.
PORTFOLIO MANAGERS
* RYAN C. KELLEY, CFA
Chief Investment Officer and Portfolio Manager
* 10
Years on Fund
* 26
Years of Experience
* L. JOSHUA WEIN, CAIA
Portfolio Manager
* 4
Years on Fund
* 25
Years of Experience
> “With a 100+ year supply and competitive pricing, clean-burning natural gas
> represents a compelling investment for decades to come.”
>
> - RYAN KELLEY
Share
* Facebook
* Twitter
* LinkedIn
* Email-Article
* INSIGHTS & NEWS
PlusInTables
PlusInTables
* Portfolio Perspective
NATURAL GAS REMAINS A FUEL OF CHOICE
Ryan C. Kelley, CFA
Chief Investment Officer and Portfolio Manager
L. Joshua Wein, CAIA
Portfolio Manager
The Portfolio Managers of the Hennessy Gas Utility Fund discuss America’s
role as a global supplier of natural gas, the Fund’s alternative energy
exposure, earnings growth expectations, and how Utilities perform in a
rising rate environment...
Read the Commentary ArrowRight
* TD AMERITRADE - "ENERGY SECTOR FUNDS: GASFX AND HNRGX"
March 2022
Utilities are traditionally considered solid defensive dividend paying
investments. Ryan Kelley, Hennessy Funds Chief Investment Officer and
Portfolio Manager, says we’re in a phase where growth rate is 6-8%, about
double the historical rate.
View More ArrowRight
* Conference Call Recap
THE STATE OF U.S. ENERGY
February 2022
Ryan Kelley, CFA, Portfolio Manager of the Hennessy Gas Utility Fund and
Ben Cook, CFA, Portfolio Manager of the Hennessy Energy Fund and Hennessy
Midstream Fund recently shared their insights on the natural gas and
energy sectors.
Read the Call Recap ArrowRight
* Sector Highlight
THE ROLE OF NATURAL GAS IN THE ENERGY TRANSITION
February 2022
With the coming energy transition where carbon emissions will be required
to be significantly reduced, we believe natural gas plays a role as an
essential bridge to a more sustainable and reliable energy future that
will also help meet the needs of the growing global energy demand.
Read the Sector Highlight ArrowRight
* YAHOO! FINANCE - 3 FED INTEREST RATE HIKES IN 2022 'DOESN'T SEEM CRAZY'
December 2021
Josh Wein, Portfolio Manager of Hennessy Gas Utility Fund, is bullish for
2022. He's focused on utilities: power, generation, and distribution,
which he believes will work well during the economic recovery and return
to fundamentals.
View More ArrowRight
View All Fund Insights
* PERFORMANCE
PlusInTables
PlusInTables
DAILY PRICING & PERFORMANCE
as of 3/24/22
* Investor Class (GASFX)
* NAV
$27.59
* $ CHANGE
$0.35
* % CHANGE
1.28%
* YTD
9.70%
* Institutional Class (HGASX)
* NAV
$27.53
* $ CHANGE
$0.35
* % CHANGE
1.29%
* YTD
9.77%
AVERAGE ANNUALIZED TOTAL RETURN
Monthly Quarterly
Monthly
Quarterly
as of 2/28/22
Name 1 Mo YTD 1 yr 3 yr 5 yr 10 yr Since Inception (5/10/89) Investor Class
(GASFX) 1.25% 3.42% 27.31% 7.02% 5.89% 8.74% 9.33% Institutional Class
(HGASX) 1.25% 3.47% 27.74% 7.35% 6.24% 8.92% 9.39% AGA Stock Index 0.92%
3.17% 28.06% 8.15% 7.08% 9.86% 10.48% S&P 500® Index -2.99% -8.01% 16.39%
18.24% 15.17% 14.59% 10.76%
ArrowRight ArrowRight
Please swipe to view table
as of 12/31/21
Name QTR YTD 1 yr 3 yr 5 yr 10 yr Since Inception (5/10/89) Investor Class
(GASFX) 9.77% 19.52% 19.52% 9.39% 6.22% 8.39% 9.27% Institutional Class
(HGASX) 9.88% 19.91% 19.91% 9.74% 6.56% 8.57% 9.32% AGA Stock Index 10.20%
20.72% 20.72% 10.75% 7.48% 9.44% 10.43% S&P 500® Index 11.03% 28.71% 28.71%
26.07% 18.47% 16.55% 11.10%
ArrowRight ArrowRight
Please swipe to view table
HYPOTHETICAL GROWTH OF $10,000
as of 2/28/2022
1 year 3 years 5 years 10 years Since Inception
1 year
3 years
5 years
10 years
Since Inception
Created with Highcharts 6.0.4Investor Class (GASFX)Institutional Class
(HGASX)AGA Stock IndexS&P 500® Index12/29$9,000$10,000$11,000$12,000$13,000
VALUE OF $10,000 INVESTED BETWEEN 2/28/2021 AND 2/28/2022
Gas Utility Fund (GASFX) $12,731 Gas Utility Fund (HGASX) $12,774 AGA Stock
Index $12,806 S&P 500® Index $11,639
Created with Highcharts 6.0.4Investor Class (GASFX)Institutional Class
(HGASX)AGA Stock IndexS&P 500®
Index12/24$7,500$10,000$12,500$15,000$17,500$20,000
VALUE OF $10,000 INVESTED BETWEEN 2/28/2019 AND 2/28/2022
Gas Utility Fund (GASFX) $12,257 Gas Utility Fund (HGASX) $12,373 AGA Stock
Index $12,651 S&P 500® Index $16,533
Created with Highcharts 6.0.4Investor Class (GASFX)Institutional Class
(HGASX)AGA Stock IndexS&P 500® Index12/49$5,000$10,000$15,000$20,000$25,000
VALUE OF $10,000 INVESTED BETWEEN 2/28/2017 AND 2/28/2022
Gas Utility Fund (GASFX) $13,314 Gas Utility Fund (HGASX) $13,536 AGA Stock
Index $14,076 S&P 500® Index $20,266
Created with Highcharts 6.0.4Investor Class (GASFX)Institutional Class
(HGASX)AGA Stock IndexS&P 500®
Index12/99$0$10,000$20,000$30,000$40,000$50,000
VALUE OF $10,000 INVESTED BETWEEN 2/29/2012 AND 2/28/2022
Gas Utility Fund (GASFX) $23,110 Gas Utility Fund (HGASX) $23,495 AGA Stock
Index $25,613 S&P 500® Index $39,037
Created with Highcharts 6.0.4Investor Class (GASFX)Institutional Class
(HGASX)AGA Stock IndexS&P 500®
Index01/9001/9201/9401/9601/9801/0001/0201/0401/0601/0801/1001/1201/1401/1601/1801/2001/22$0$100,000$200,000$300,000$400,000
VALUE OF $10,000 INVESTED BETWEEN 5/10/1989 AND 2/28/2022
Gas Utility Fund (GASFX) $186,812 Gas Utility Fund (HGASX) $189,924 AGA Stock
Index $263,160 S&P 500® Index $285,821
This data illustrates the performance of a hypothetical $10,000 investment
made in the Fund for the period noted, and it assumes reinvestment of
dividends and capital gains. This chart does not imply future performance.
CALENDAR YEAR TOTAL RETURNS
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Investor Class (GASFX) 7.45 25.42 21.20 -16.01 20.70 7.03 -3.51 20.78 -9.32
19.52
Institutional Class (HGASX) 7.45 25.42 21.20 -16.01 20.70 7.34 -3.15 21.18
-9.04 19.91
AGA Stock Index 7.05 26.77 21.72 -14.88 22.27 8.38 -2.59 22.66 -8.25 20.72
S&P 500® Index 16.00 32.39 13.69 1.38 11.96 21.83 -4.38 31.49 18.40 28.71
Year
Investor Class (GASFX)
Institutional Class (HGASX)
AGA Stock Index
S&P 500® Index 2011 25.15% 25.15% 24.98% 2.11% 2010 12.40% 12.40% 13.81%
15.06% 2009 23.92% 23.92% 25.81% 26.46% 2008 -28.30% -28.30% -28.38% -37.00%
2007 14.03% 14.03% 14.43% 5.49% 2006 21.27% 21.27% 23.33% 15.79% 2005 13.53%
13.53% 14.78% 4.91% 2004 23.03% 23.03% 24.43% 10.88% 2003 23.49% 23.49%
24.71% 28.68% 2002 -23.93% -23.93% -21.72% -22.10% 2001 -14.78% -14.78%
-16.15% -11.89% 2000 55.87% 55.87% 61.68% -9.10% 1999 -3.71% -3.71% -3.79%
21.04% 1998 5.26% 5.26% 7.74% 28.58% 1997 24.19% 24.19% 24.93% 33.36% 1996
20.76% 20.76% 21.44% 22.96% 1995 30.54% 30.54% 32.75% 37.58% 1994 -9.77%
-9.77% -8.20% 1.32% 1993 16.57% 16.57% 17.27% 10.08% 1992 11.40% 11.40%
12.74% 7.62% 1991 3.24% 3.24% 4.33% 30.47% 1990 -10.45% -10.45% -8.99% -3.10%
Show More PlusInTables PlusInTables
ArrowRight ArrowRight
Please swipe to view table
YIELD
as of 2/28/22
Investor Class (GASFX) Institutional Class (HGASX) Distribution Rate 1.35%
1.58% 30-Day SEC Yield 2.34% 2.61% Distribution Frequency Quarterly Quarterly
ArrowRight ArrowRight
Please swipe to view table
RETURNS-BASED STATISTICS
RELATIVE TO S&P 500® INDEX
as of 12/31/21
Investor Class (GASFX)
Type 3 yr 5 yr 10 yr Alpha -6.90 -4.63 -1.10 Beta 0.68 0.61 0.60 Upside
Capture 49.68 46.68 55.22 Downside Capture 69.21 62.44 60.17
Institutional Class (HGASX)
Type 3 yr 5 yr 10 yr Alpha -6.59 -4.32 -0.95 Beta 0.68 0.61 0.60 Upside
Capture 50.33 47.50 55.70 Downside Capture 68.69 61.96 59.88
Alpha measures the fund’s excess return relative to the return of the
benchmark. Beta measures the volatility of the fund compared to that of the
benchmark. The beta of the benchmark is 1.00. Capture ratios measure the
fund’s overall performance in up markets (positive return periods) and down
markets (negative return periods).
SHARPE RATIO
as of 12/31/21
Created with Highcharts
6.0.40.590.590.430.430.650.650.610.610.450.450.670.671.381.381.111.111.191.190.810.810.760.760.780.78Investor
Class (GASFX)Institutional Class (HGASX)S&P 500® IndexUtilities Category
Average3 yr5 yr10 yr00.511.5
Type 3 yr 5 yr 10 yr Investor Class (GASFX) 0.59 0.43 0.65 Institutional
Class (HGASX) 0.61 0.45 0.67 S&P 500® Index 1.38 1.11 1.19 Utilities Category
Average 0.81 0.76 0.78
Sharpe Ratio is a measure of risk-adjusted return, reflecting the average
return earned in excess of the risk-free rate per unit of volatility.
STANDARD DEVIATION
as of 12/31/21
Created with Highcharts
6.0.416.0216.0213.6613.6612.6312.6316.0416.0413.6713.6712.6312.6317.4117.4115.3915.3913.0813.0815.2115.2113.0813.0811.9211.92Investor
Class (GASFX)Institutional Class (HGASX)S&P 500® IndexUtilities Category
Average3 yr5 yr10 yr05101520
Type 3 yr 5 yr 10 yr Investor Class (GASFX) 16.02 13.66 12.63 Institutional
Class (HGASX) 16.04 13.67 12.63 S&P 500® Index 17.41 15.39 13.08 Utilities
Category Average 15.21 13.08 11.92
Standard deviation is a statistical measure of the historical volatility of a
mutual fund or portfolio.
FUND EXPENSES
* Investor Class (GASFX)
* GROSS EXPENSE RATIO
1.00%
* Institutional Class (HGASX)
* GROSS EXPENSE RATIO
0.69%
Performance data quoted represents past performance; past performance does
not guarantee future results. The investment return and principal value of an
investment will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than their original cost. Current performance of the fund
may be lower or higher than the performance quoted.
Each Morningstar category average represents a universe of funds with similar
objectives. The Morningstar Style Box reveals the fund's investment style as
of 12/31/21. The vertical axis shows the market capitalization of the stocks
owned and the horizontal axis shows investment style (value, blend, or
growth). ©Morningstar, Inc. All Rights Reserved. Past performance is no
guarantee of future results.
The performance shown for Institutional Class shares / HGASX prior to 3/01/17
represents the performance of Investor Class shares of the Fund and includes
expenses that are not applicable to and are higher than those of
Institutional Class shares.
The performance shown for periods prior to 10/26/12 is that of the
predecessor FBR Fund.
The AGA Stock Index is a market capitalization weighted index consisting of
member companies of the American Gas Association (AGA), and performance for
the AGA Stock Index is provided monthly by the AGA. The S&P 500® Index is an
unmanaged index commonly used to measure the performance of U.S. stocks. One
cannot invest directly in an index.
Standard & Poor’s Financial Services is the source and owner of the S&P® and
S&P 500® trademarks.
Distribution Rate reflects the investment income per share during the last 12
months divided by the share price at the end of the period, expressed as an
annual percentage rate. It is calculated by annualizing the Fund’s most
recent distribution. The annualized dividend yield may not reflect the actual
yield an investor would receive. 30-Day SEC Yield is a standardized yield
computed by dividing the net investment income per share earned during the
past 30-day period by the share price at the end of the period, expressed as
an annual percentage rate. The 30-Day SEC Yield should be regarded as an
estimate of the Fund’s rate of recent investment income, and it may not equal
the Fund’s actual distribution rate. Past yields are no guarantee of future
yields.
Fund holdings and sector allocations are subject to change and should not be
considered a recommendation to buy or sell any security.
Show More PlusInTables PlusInTables
* PORTFOLIO
PlusInTables
PlusInTables
PORTFOLIO CHARACTERISTICS
as of 12/31/21
Inception Date (GASFX) 5/10/89 Inception Date (HGASX) 3/1/17 Total Fund
Assets $524 Million Portfolio Turnover 18% Median Market Cap $17.6 Billion
Median Price/Earnings 20.0x Median Price/Book 1.8x
Price/Earnings measures a stock’s price per share compared to earnings.
Price/Book measures a stock’s price per share to book value. Portfolio
Turnover and Price/Earnings shown reflect the trailing 12-month period.
SECTOR WEIGHTING
as of 12/31/21
Fund Utilities 74.2% Energy 20.2% Financials 5.2% Cash & Other 0.4%
Sub-Industry Weighting % of Net Assets Multi-Utilities 37.8% Oil & Gas
Storage & Transportation 19.7% Electric Utilities 18.8% Gas Utilities 15.5%
Multi-Sector Holdings 5.2% Water Utilities 2.1% Oil & Gas Exploration &
Production 0.5%
Show More PlusInTables PlusInTables
PORTFOLIO HOLDINGS
Top 10 Holdings All Holdings
Top 10 Holdings
All Holdings
TOP 10 HOLDINGS
as of 12/31/21
Top 10 Holdings Ticker % of Net Assets Berkshire Hathaway, Inc. (Class A)
BRK/A 5.2% Atmos Energy Corp. ATO 5.1% Enbridge, Inc. ENB 5.0% Southern Co.
SO 5.0% Dominion Energy, Inc. D 5.0% Sempra Energy SRE 5.0% Kinder Morgan,
Inc. KMI 4.9% Cheniere Energy, Inc. LNG 4.7% WEC Energy Group, Inc. WEC 4.6%
ONEOK, Inc. OKE 4.6% Total as % of Net Assets 49.2%
ArrowRight ArrowRight
Please swipe to view table
TOTAL HOLDINGS: 49
as of 12/31/21
Print All Holdings
Equity Holdings Ticker % of Net Assets Berkshire Hathaway, Inc. (Class A)
BRK/A 5.2% Atmos Energy Corp. ATO 5.1% Enbridge, Inc. ENB 5.0% Southern Co.
SO 5.0% Dominion Energy, Inc. D 5.0% Sempra Energy SRE 5.0% Kinder Morgan,
Inc. KMI 4.9% Cheniere Energy, Inc. LNG 4.7% WEC Energy Group, Inc. WEC 4.6%
ONEOK, Inc. OKE 4.6% National Grid, PLC NGG 4.1% CenterPoint Energy, Inc. CNP
3.2% PG&E Corp. PCG 3.1% Duke Energy Corp. DUK 2.8% Consolidated Edison, Inc.
ED 2.7% NiSource, Inc. NI 2.7% Public Service Enterprise Group PEG 2.5% CMS
Energy Corp. CMS 2.4% Essential Utilities, Inc. WTRG 2.1% Xcel Energy, Inc..
XEL 1.8% ONE Gas, Inc. OGS 1.7% Fortis, Inc. FTS 1.5% DTE Energy Co. DTE 1.5%
Exelon Corp. EXC 1.5% National Fuel Gas Co. NFG 1.4% Southwest Gas Holdings,
Inc. SWX 1.4% New Jersey Resources Corp. NJR 1.3% Eversource Energy ES 1.3%
Avangrid, Inc. AGR 1.1% South Jersey Industries, Inc. SJI 1.1% UGI Corp. UGI
1.1% Black Hills Corp. BKH 1.0% Spire, Inc. SR 1.0% MDU Resources Group, Inc.
MDU 1.0% Ameren Corp. AEE 0.9% Chesapeake Utilities Corp. CPK 0.7% Northwest
Natural Holding Co. NWN 0.6% Plains GP Holdings LP (Class A) PAGP 0.5%
Tellurian, Inc. TELL 0.5% Algonquin Power & Utilities Co. AQN 0.4% PPL Corp.
PPL 0.4% NorthWestern Corp. NWE 0.4% Avista Corp. AVA 0.2% MGE Energy, Inc.
MGEE 0.2% Unitil Corp. UTL 0.2% Entergy Corp. ETR 0.1% RGC Resources, Inc.
RGCO 0.1% Corning Natural Gas Corp. CNIG 0.0% ALLETE, Inc. ALE 0.0% Total as
% of Net Assets 99.6%
Cash & Other Holdings % of Net Assets Cash & Other 0.4% Total as % of Net
Assets 0.4%
ArrowRight ArrowRight
Please swipe to view table
COUNTRY ALLOCATION
as of 12/31/21
* UNITED STATES
88.6%
* INTERNATIONAL
11.1%
* CASH & OTHER
0.4%
United States 88.6% Canada 7.0% United Kingdom 4.1% Cash & Other 0.4%
* DISTRIBUTIONS
PlusInTables
PlusInTables
The Hennessy Gas Utility Fund pays capital gains (if any) once annually,
usually in December. Ordinary income distributions are paid quarterly, at
the end of March, June, September, and December.
Investor Institutional
Investor
Institutional
Date Paid Income Short-Term Gain Long-Term Gain Total Per Share Reinvest
Price 12/29/2021 $0.08862 -- -- $0.08862 $25.10 12/07/2021 -- -- $2.15667
$2.15667 $24.47 09/30/2021 $0.12989 -- -- $0.12989 $25.02 06/30/2021 $0.15711
-- -- $0.15711 $25.58 03/31/2021 $0.14062 -- -- $0.14062 $25.01 12/29/2020
$0.14551 -- -- $0.14551 $23.05 12/08/2020 -- -- $1.93799 $1.93799 $23.82
09/30/2020 $0.17112 -- -- $0.17112 $23.67 06/30/2020 $0.12125 -- -- $0.12125
$23.73 03/31/2020 $0.17733 -- -- $0.17733 $22.97 12/27/2019 $0.09282 -- --
$0.09282 $28.44 12/06/2019 -- -- $1.44077 $1.44077 $27.51 09/30/2019 $0.10524
-- -- $0.10524 $30.05 06/28/2019 $0.19629 -- -- $0.19629 $29.40 03/29/2019
$0.20022 -- -- $0.20022 $28.82 12/27/2018 $0.12129 -- -- $0.12129 $25.31
12/07/2018 -- -- $2.48261 $2.48261 $27.18 09/28/2018 $0.16198 -- -- $0.16198
$29.15 06/29/2018 $0.17839 -- -- $0.17839 $29.11 03/29/2018 $0.18667 -- --
$0.18667 $27.32 12/27/2017 $0.11601 -- -- $0.11601 $29.28 12/07/2017 --
$0.06521 $0.09201 $0.15722 $30.41 09/29/2017 $0.14858 -- -- $0.14858 $30.05
06/30/2017 $0.28895 -- -- $0.28895 $29.59 03/31/2017 $0.16176 -- -- $0.16176
$29.74 12/28/2016 $0.12033 -- -- $0.12033 $28.21 12/07/2016 -- -- $0.39616
$0.39616 $28.00 09/30/2016 $0.13671 -- -- $0.13671 $29.14 06/30/2016 $0.16337
-- -- $0.16337 $29.52 03/31/2016 $0.18005 -- -- $0.18005 $27.10 12/29/2015
$0.20684 -- -- $0.20684 $24.53 12/09/2015 -- -- $0.62624 $0.62624 $24.44
09/30/2015 $0.16112 -- -- $0.16112 $26.35 06/30/2015 $0.19655 -- -- $0.19655
$28.30 03/31/2015 $0.17961 -- -- $0.17961 $29.77 12/31/2014 $0.16638 -- --
$0.16638 $30.51 12/08/2014 -- $0.57900 $0.32673 $0.90573 $29.83 09/30/2014
$0.18957 -- -- $0.18957 $30.27 06/30/2014 $0.13713 -- -- $0.13713 $31.16
03/31/2014 $0.15228 -- -- $0.15228 $28.28 12/31/2013 $0.11504 -- -- $0.11504
$26.50 12/10/2013 -- $0.21812 $0.38497 $0.60309 $25.69 09/30/2013 $0.13490 --
-- $0.13490 $25.59 06/28/2013 $0.17375 -- -- $0.17375 $24.52 03/28/2013
$0.16183 -- -- $0.16183 $25.08 12/31/2012 $0.13998 -- -- $0.13998 $22.13
12/07/2012 -- $0.08608 $0.46686 $0.55294 $22.10 09/28/2012 $0.13903 -- --
$0.13903 $22.98 06/29/2012 $0.16775 -- -- $0.16775 $22.20 03/30/2012 $0.16650
-- -- $0.16650 $21.64 12/30/2011 $0.10218 -- -- $0.10218 $21.70 12/15/2011 --
$0.08314 $0.08182 $0.16496 $20.86 09/30/2011 $0.11272 -- -- $0.11272 $19.33
06/30/2011 $0.16008 -- -- $0.16008 $20.31 03/31/2011 $0.12123 -- -- $0.12123
$19.57 12/31/2010 $0.11702 -- -- $0.11702 $17.91 12/15/2010 -- $0.01493
$0.18954 $0.20447 $17.74 09/30/2010 $0.10500 -- -- $0.10500 $17.20 06/30/2010
$0.25531 -- -- $0.25531 $15.47 03/31/2010 $0.17072 -- -- $0.17072 $16.78
12/31/2009 $0.05021 -- -- $0.05021 $16.76 12/16/2009 -- -- $0.01928 $0.01928
$16.72 09/30/2009 $0.10563 -- -- $0.10563 $15.33 06/30/2009 $0.16647 -- --
$0.16647 $13.98 03/31/2009 $0.10069 -- -- $0.10069 $12.33 12/31/2008 $0.11620
-- -- $0.11620 $13.95 12/16/2008 -- -- $0.74400 $0.74400 $13.93 09/30/2008
$0.10751 -- -- $0.10751 $17.69 06/30/2008 $0.15776 -- -- $0.15776 $21.29
03/31/2008 $0.09609 -- -- $0.09609 $19.21 01/12/2008 -- $0.00962 -- $0.00962
$21.11 12/31/2007 $0.11319 -- -- $0.11319 $21.05 12/14/2007 -- $0.05731
$1.69240 $1.74971 $20.90 09/28/2007 $0.11442 -- -- $0.11442 $21.80 06/29/2007
$0.15541 -- -- $0.15541 $21.53 03/30/2007 $0.09922 -- -- $0.09922 $21.21
12/29/2006 $0.11479 -- -- $0.11479 $20.46 09/29/2006 $0.10704 -- -- $0.10704
$18.73 06/30/2006 $0.17466 -- -- $0.17466 $18.19 03/31/2006 $0.10324 -- --
$0.10324 $17.35 12/30/2005 $0.22499 -- -- $0.22499 $17.33 09/30/2005 $0.08529
-- -- $0.08529 $18.44 06/30/2005 $0.12912 -- -- $0.12912 $17.34 03/31/2005
$0.09248 -- -- $0.09248 $16.14 12/31/2004 $0.10337 -- -- $0.10337 $15.74
09/30/2004 $0.10838 -- -- $0.10838 $14.23 06/30/2004 $0.09766 -- -- $0.09766
$13.48 03/31/2004 $0.09322 -- -- $0.09322 $13.55 12/30/2003 $0.08805 -- --
$0.08805 $13.24 09/30/2003 $0.09288 -- -- $0.09288 $12.32 06/30/2003 $0.09100
-- -- $0.09100 $12.25 03/31/2003 $0.09640 -- -- $0.09640 $10.41 12/30/2002
$0.10669 -- -- $0.10669 $10.97 09/30/2002 $0.10240 -- -- $0.10240 $10.42
06/28/2002 $0.11980 -- -- $0.11980 $13.33 03/31/2002 $0.11200 -- -- $0.11200
$15.53 12/31/2001 $0.11012 -- -- $0.11012 $14.97 12/12/2001 -- $0.02500
$2.00600 $2.03100 $14.26 09/30/2001 $0.14080 -- -- $0.14080 $16.67 06/29/2001
$0.12420 -- -- $0.12420 $18.54 03/30/2001 $0.13870 -- -- $0.13870 $19.42
01/02/2001 -- $0.00622 -- $0.00622 $20.04 12/29/2000 $0.12800 -- -- $0.12800
$20.67 12/13/2000 -- $0.41700 $2.09700 $2.51400 $19.61 09/29/2000 $0.13000 --
-- $0.13000 $21.77 06/30/2000 $0.12800 -- -- $0.12800 $17.73 03/31/2000
$0.12980 -- -- $0.12980 $16.93 12/31/1999 $0.12300 -- -- $0.12300 $15.37
12/16/1999 -- $0.08400 $1.33300 $1.41700 $16.55 09/30/1999 $0.13000 -- --
$0.13000 $17.76 06/30/1999 $0.14000 -- -- $0.14000 $18.17 03/31/1999 $0.12000
-- -- $0.12000 $16.28 12/31/1998 $0.12700 -- -- $0.12700 $17.98 12/11/1998 --
$0.01800 $0.66500 $0.68300 $18.10 09/30/1998 $0.13000 -- -- $0.13000 $18.22
06/30/1998 $0.13000 -- -- $0.13000 $18.55 03/31/1998 $0.12000 -- -- $0.12000
$18.59 12/31/1997 $0.12000 -- -- $0.12000 $18.25 12/18/1997 -- -- $0.12100
$0.12100 $17.67 09/30/1997 $0.12000 -- -- $0.12000 $16.38 06/30/1997 $0.11000
-- -- $0.11000 $15.61 03/31/1997 $0.11000 -- -- $0.11000 $14.84 12/31/1996
$0.10900 -- -- $0.10900 $15.22 09/30/1996 $0.11000 -- -- $0.11000 $14.14
06/28/1996 $0.13000 -- -- $0.13000 $13.87 03/29/1996 $0.10000 -- -- $0.10000
$13.25 12/29/1995 $0.11500 -- -- $0.11500 $13.01 09/29/1995 $0.13000 -- --
$0.13000 $12.12 06/30/1995 $0.11000 -- -- $0.11000 $11.62 03/31/1995 $0.11000
-- -- $0.11000 $11.13 12/30/1994 $0.13000 -- -- $0.13000 $10.36 09/30/1994
$0.10000 -- -- $0.10000 $10.87 06/30/1994 $0.11000 -- -- $0.11000 $10.79
03/31/1994 $0.10000 -- -- $0.10000 $11.08 12/31/1993 $0.11000 -- $0.06400
$0.17400 $11.96 09/30/1993 $0.10000 -- -- $0.10000 $13.04 06/30/1993 $0.09600
-- -- $0.09600 $12.59 03/31/1993 $0.09300 -- -- $0.09300 $12.17 12/31/1992
$0.10600 -- $0.05900 $0.16500 $10.65 09/30/1992 $0.10200 -- -- $0.10200
$10.73 06/30/1992 $0.10000 -- $0.07600 $0.17600 $9.96 03/31/1992 $0.11000 --
-- $0.11000 $9.45 12/31/1991 $0.11700 -- -- $0.11700 $10.09 09/30/1991
$0.11400 -- -- $0.11400 $10.17 06/28/1991 $0.12300 -- -- $0.12300 $9.57
03/28/1991 $0.11500 -- -- $0.11500 $10.20 12/31/1990 $0.13700 -- $0.05100
$0.18800 $10.24 09/28/1990 $0.12100 -- -- $0.12100 $10.40 06/29/1990 $0.13300
$0.05100 -- $0.18400 $11.08 03/30/1990 $0.15300 -- -- $0.15300 $11.20
12/29/1989 $0.10459 $0.06100 -- $0.16559 $12.14 09/29/1989 $0.10845 -- --
$0.10845 $11.28 06/30/1989 $0.03317 -- -- $0.03317 $10.55
Show More PlusInTables PlusInTables
ArrowRight ArrowRight
Please swipe to view table
Past performance is not a guarantee of future results.
Download historical distributions and NAVs
* Select a start date
* Select an end date
*
Date Paid Income Short-Term Gain Long-Term Gain Total Per Share Reinvest
Price 12/29/2021 $0.10343 -- -- $0.10343 $25.03 12/07/2021 -- -- $2.15128
$2.15128 $24.41 09/30/2021 $0.15106 -- -- $0.15106 $24.94 06/30/2021 $0.17620
-- -- $0.17620 $25.50 03/31/2021 $0.16031 -- -- $0.16031 $24.94 12/29/2020
$0.16458 -- -- $0.16458 $22.98 12/08/2020 -- -- $1.93335 $1.93335 $23.76
09/30/2020 $0.19191 -- -- $0.19191 $23.60 06/30/2020 $0.13957 -- -- $0.13957
$23.67 03/31/2020 $0.20051 -- -- $0.20051 $22.90 12/27/2019 $0.11148 -- --
$0.11148 --
Show More PlusInTables PlusInTables
ArrowRight ArrowRight
Please swipe to view table
Past performance is not a guarantee of future results.
Download historical distributions and NAVs
* Select a start date
* Select an end date
*
* FUND DOCUMENTS
PlusInTables
PlusInTables
Download PDF View Online Gas Utility Fund Documents Fact Sheet PDF Portfolio
Perspective PDF View Summary Prospectus PDF Full Prospectus PDF Statement of
Additional Information PDF Gas Utility Fund Shareholder Reports and Quarterly
Holdings Q1 Holdings PDF Semi-Annual Report PDF Q3 Holdings PDF Annual Report
PDF
Paper copies of the annual and semi-annual reports will no longer be sent by
mail unless shareholders specifically request paper copies. You may elect to
receive paper copies free of charge by calling U.S. Bank Global Fund Services
at 1-800-261-6950 or, if you own shares through a financial intermediary, by
contacting your financial intermediary.
EXPLORE MORE FUNDS
DOMESTIC EQUITY
* Cornerstone Growth Fund
* Focus Fund
* Cornerstone Mid Cap 30 Fund
* Cornerstone Large Growth Fund
* Cornerstone Value Fund
MULTI-ASSET
* Total Return Fund
* Equity and Income Fund
* Balanced Fund
SECTOR & SPECIALTY
* Energy Transition Fund
* Midstream Fund
* Gas Utility Fund
* Japan Fund
* Japan Small Cap Fund
* Large Cap Financial Fund
* Small Cap Financial Fund
* Technology Fund
GET INSIGHTS AND NEWS DELIVERED TO YOU.
Sign up for updates ArrowRight
LEARN HOW HENNESSY APPROACHES INVESTING.
Our Philosophy ArrowRight
LET'S WORK TOGETHER TO GET YOU ON YOUR WAY.
Start Investing ArrowRight
* Meet Our Team ArrowRight
* View Fund Performance ArrowRight
* Check My Account ArrowRight
Footer_Final
* Fund Prices & Performance
* Distributions
* Fund Documents
* Shareholder Forms
* Tax Center
* All Insights
* Portfolio Perspectives
* Sector Highlights
* Videos
* White Papers
* Investment Ideas
* Market Outlooks
* Portfolio Updates
* Conference Call Recaps
* Company Spotlights
* Our Team
* Portfolio Management
* Chief Market Strategist
* Client Services
* Business Management
* About Hennessy
* Investment Philosophy
* Invest with Us
* News
* Media Coverage
* Press Releases
Contact Us
* Phone 800.966.4354
* Email 2 fundsinfo@hennessyfunds.com
Hennessy Funds
7250 Redwood Boulevard, Suite 200
Novato, CA 94945
Follow Us
* LinkedIn
* Twitter
The Funds' investment objectives, risks, charges, and expenses must be
considered carefully before investing. The prospectus contains this and other
important information about the investment company. Please read it carefully
before investing. A hard copy of the prospectus can be requested by calling
1-800-966-4354.
Performance data quoted represents past performance; past performance does not
guarantee future results. The investment return and principal value of an
investment will fluctuate so that an investor's shares, when redeemed, may be
worth more or less than their original cost. Current performance of the Fund may
be lower or higher than the performance quoted and can be found here. Neither
forward earnings nor earnings growth is a measure of a fund’s future
performance.
Mutual fund investing involves risk. Principal loss is possible. Small and
medium-capitalization companies may have more limited liquidity and greater
price volatility than large-capitalization companies. Investments in foreign
securities may involve greater volatility and political, economic, and currency
risk and differences in accounting methods. The Focus, Total Return, Balanced,
Large Cap Financial, Small Cap Financial, and BP Midstream Funds are considered
non-diversified funds. A non-diversified fund, which may concentrate its assets
in fewer individual holdings than a diversified fund, is more exposed to
individual stock volatility than a diversified fund. A fund that concentrates
its investments within one country, one sector, or a small group of industries,
such as Japan, Technology, Financials, or Energy, may be subject to a higher
degree of risk. Investments in debt securities typically decrease in value when
interest rates rise. The risk is greater for longer-term debt securities.
Investments in lower-rated and non-rated securities present a greater risk of
loss to principal and interest than higher-rated securities. Mortgage- and
asset-backed securities are subject to prepayment risk, which is the risk that
the borrower will prepay some or all of the principal owed to the issuer. Funds
that invest in pooled investment vehicles (including ETFs) may experience higher
fees. The formula-based strategy employed by some Funds may cause those Funds to
buy or sell securities at times when it may not be advantageous.
Master Limited Partnerships (MLPs) and MLP investments have unique
characteristics. A Fund does not receive the same tax benefits as a direct
investment in an MLP.
The prices of MLP units may fluctuate abruptly and trading volume may be low,
making it difficult for a Fund to sell its units at a favorable price. MLP
general partners have the power to take actions that adversely affect the
interests of unit holders. Most MLPs do not pay U.S. federal income tax at the
partnership level, but an adverse change in tax laws could result in MLPs being
treated as corporations for federal income tax purposes, which could reduce or
eliminate distributions paid by MLPs to the Fund. If the BP Energy Transition
Fund’s MLP investments exceed 25% of its assets, it may not qualify for
treatment as a regulated investment company (“RIC”) under the Internal Revenue
Code (“Code”), and the Fund would be taxed as an ordinary corporation, which
could substantially reduce its net assets and its distributions to shareholders.
The BP Midstream Fund is treated as a regular corporation, or “C” corporation,
for U.S. federal income tax purposes, and therefore, is subject to U.S. federal
income tax on its taxable income at the graduated rates applicable to
corporations (currently a maximum rate of 21%) as well as state and local income
taxes. The BP Midstream Fund will not benefit from current favorable federal
income tax rates on long-term capital gains, and Fund income and losses will not
be passed on to shareholders. The BP Midstream Fund accrues deferred income
taxes for future tax liabilities associated with the portion of MLP
distributions considered to be a tax-deferred return of capital and for any net
operating gains as well as capital appreciation of its investments. This
deferred tax liability is reflected in the daily NAV, and as a result, the
Fund’s after-tax performance could differ significantly from the underlying
assets even if the pre-tax performance is closely tracked.
Glossary of Terms contains definitions and additional information.
To view the top 10 holdings of a Fund, please click the Fund name: Cornerstone
Growth, Focus, Cornerstone Mid Cap 30, Cornerstone Large Growth, Cornerstone
Value, Total Return, Equity and Income, Balanced, BP Energy Transition, BP
Midstream, Gas Utility, Japan, Japan Small Cap, Large Cap Financial, Small Cap
Financial, Technology. Fund holdings are subject to change and not
recommendations to buy or sell any security.
Opinions expressed are subject to change at any time, are not guaranteed, and
should not be considered investment advice.
News and Media Page:
To view the Morningstar ratings for the Japan Fund, please click here. (Media -
TD Ameritrade)
To view the Morningstar ratings for the Focus Fund, please click here. (Media -
CNBC-B. Macualey).
1 USD = 105.36 Yen as of 07/27/2020 (Media - Ticker - M. Takeda)
Tom White is a TD Ameritrade Network contributor and is not affiliated with the
Hennessy Funds. Content is not investment advice, or a recommendation of any
security, strategy, or account type. Options involve risks and are not suitable
for all investors as the special risks inherent to options trading may expose
investors to potentially rapid and substantial losses.(Media - TD
Ameritrade-Rothberg)
To view the Morningstar ratings, please click here.
The Hennessy Funds are offered only to United States residents, and information
on this web site is intended only for such persons. Nothing on this web site
should be considered a solicitation to buy or an offer to sell shares of any
Hennessy Fund in any jurisdiction where the offer or solicitation would be
unlawful under the securities laws of such jurisdiction.
Quasar Distributors, LLC, Distributor.
Show More PlusInTables PlusInTables
* Privacy Policy
* Social Media Terms
* Proxy Voting
SUBSCRIBE FOR UPDATES
*Required Fields
CloseIcon
* Funds DropdownArrow
* View All Funds
* Prices & Performance
* Distributions
* Fund Documents
* Shareholder Forms
* Tax Center
* Investment Guides
* Domestic Equity
* Cornerstone Growth Fund
* Focus Fund
* Cornerstone Mid Cap 30 Fund
* Cornerstone Large Growth Fund
* Cornerstone Value Fund
* Multi-Asset
* Total Return Fund
* Equity and Income Fund
* Balanced Fund
* Sector & Specialty
* Energy Transition Fund
* Midstream Fund
* Gas Utility Fund
* Japan Fund
* Japan Small Cap Fund
* Large Cap Financial Fund
* Small Cap Financial Fund
* Technology Fund
* Insights DropdownArrow
* Resource Type
* Portfolio Perspectives
* Sector Highlights
* Videos
* White Papers
* Investment Ideas
* Market Outlooks
* Conference Call Recaps
* Company Spotlights
* View All Insights
* View Investment Guides
* Topic
* Overall Market
* Domestic Equity
* Energy
* Financials
* Japan
* Multi Asset
* Technology
Featured Insights
25 Years of a Focused Approach
The Portfolio Managers discuss how the Focus Fund has rewarded investors over
25 years. They also share their current outlook.
Natural Gas and the Energy Transition
We believe natural gas plays a role as an essential bridge to a more
sustainable and reliable energy future and will help meet increased demand.
* People DropdownArrow
* Meet the Team
* Portfolio Management
* Chief Market Strategist
* Client Services
* Business Management
Meet Our Portfolio Managers
Our Managers average over 20 years of investing experience.
Meet Neil J. Hennessy
As Chief Market Strategist, Neil delivers powerful market and economic
insights.
Meet Masakazu Takeda
Based in Asia, Masa is a recognized expert on investing in Japan.
* About DropdownArrow
* Firm Overview
* Investment Philosophy
* Invest With Us
* Shareholder Forms
OUR HISTORY
Since our founding, our priority has been meeting shareholders' needs.
HOW WE INVEST
High-conviction strategies, managed for long-term results.
REQUEST AN INVESTMENT KIT
We look forward to the opportunity to work together.
* News DropdownArrow
* News & Press Center
* Media Coverage
* Press Releases
TD Ameritrade - "Energy Sector Funds: GASFX and HNRGX"
TD Ameritrade - "Stock Picks: CarMax (KMX), Restoration Hardware (RH)"
TD Ameritrade - "Forecasting 2022 Performance For Financials"
* Hennessy Advisors
* My Account
* Contact
* Search Search
Search Search
YOU ARE NOW LEAVING THE HENNESSY FUNDS SITE.
Continue
Get Our Unique Investment Insight Ideas on Natural Gas
Ideas to power your portfolio
delivered to your Inbox
GET HIGHLIGHTS
Learn more about us!