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Submission: On April 13 via api from US — Scanned from DE
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* Domestic Equity
* Cornerstone Growth Fund
* Focus Fund
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* Multi-Asset
* Total Return Fund
* Equity and Income Fund
* Balanced Fund
* Sector & Specialty
* Energy Transition Fund
* Midstream Fund
* Gas Utility Fund
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* Large Cap Financial Fund
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Featured Insights
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.
2022 CIO Roundtable: A Review of 2022 and Outlook for 2023
For the past eight years, our seasoned portfolio management team gathers in
person to exchange insights on the markets and investment landscape.
* People DropdownArrow
* Meet the Team
* Portfolio Management
* Chief Market Strategist
* Client Services
* Business Management
* Associates
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
CNBC - "Buy Quality And Hang On To It"
Neil Hennessy, Hennessy Funds Chief Market Strategist, believes investors who
buy quality, as Hennessy Funds seeks to do, should be fine over the long
term.
Yahoo! Finance – “Stock, Commodity Divergence Will Resolve To The Upside’”
Ben Cook believes oil and natural gas equities will continue to enjoy the
benefit of a strong commodity environment.
TD Ameritrade - "Trade Vanilla Bank Stocks Until Dust Settles"
Dave Ellison talks about what's behind the recent bank failures. He wants to
own banks run with the best stewards in the industry.
* Hennessy Advisors
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EXCHANGE TRADED FUNDS (ETFS)
Hennessy Funds extends its product line up with its first active ETF
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JAPAN: ACTIVELY MANAGED
An Asia-based PM team, immersed in the culture and building a concentrated
portfolio of Japanese companies
Learn More
THE ENERGY TRANSITION NEEDS MINERALS
Renewables are heavy in copper.
Learn More
LEADERS IN NATURAL GAS
A unique, publicly available fund focused on the increasing demand for natural
gas.
Learn More
ENERGIZED ON ENERGY
Rigorous “boots-on-the-ground” research rooted in the style of investing legend
Boone Pickens
Learn More
EXCHANGE TRADED FUNDS (ETFS)
Hennessy Funds extends its product line up with its first active ETF
Learn More
JAPAN: ACTIVELY MANAGED
An Asia-based PM team, immersed in the culture and building a concentrated
portfolio of Japanese companies
Learn More
THE ENERGY TRANSITION NEEDS MINERALS
Renewables are heavy in copper.
Learn More
LEADERS IN NATURAL GAS
A unique, publicly available fund focused on the increasing demand for natural
gas.
Learn More
ENERGIZED ON ENERGY
Rigorous “boots-on-the-ground” research rooted in the style of investing legend
Boone Pickens
Learn More
EXCHANGE TRADED FUNDS (ETFS)
Hennessy Funds extends its product line up with its first active ETF
Learn More
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LATEST INSIGHTS
* Overall Market
CIO ROUNDTABLE: A REVIEW OF 2022 AND OUTLOOK FOR 2023
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Energy
WHAT’S DRIVING THE INTEREST IN NATURAL GAS?
* Japan
JAPANESE EQUITIES - ATTRACTIVE VALUATIONS AND RISING RETURN ON EQUITY
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HENNESSY FUNDS OFFERS HIGH-CONVICTION INVESTMENT STRATEGIES THAT CAN PLAY A ROLE
IN NEARLY EVERY INVESTOR’S PORTFOLIO.
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LEARN HOW OUR FUNDS CAN POWER YOUR PORTFOLIO.
DOMESTIC EQUITY
* Cornerstone Growth Fund ArrowRight
* Focus Fund ArrowRight
* Cornerstone Mid Cap 30 Fund ArrowRight
* Cornerstone Large Growth Fund ArrowRight
* Cornerstone Value Fund ArrowRight
MULTI-ASSET
* Total Return Fund ArrowRight
* Equity and Income Fund ArrowRight
* Balanced Fund ArrowRight
SECTOR & SPECIALTY
* Energy Transition Fund ArrowRight
* Midstream Fund ArrowRight
* Gas Utility Fund ArrowRight
* Japan Fund ArrowRight
* Japan Small Cap Fund ArrowRight
* Large Cap Financial Fund ArrowRight
* Small Cap Financial Fund ArrowRight
* Technology Fund ArrowRight
ETFS
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* Market Outlooks
* Portfolio Updates
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* Our Team
* Portfolio Management
* Chief Market Strategist
* Client Services
* Business Management
* Associates
* 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
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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. Current and
future holdings are subject to risk. Small and medium-sized companies may have
more limited liquidity and greater price volatility than larger companies.
Investments in foreign securities may involve political, economic, and currency
risks, greater volatility, and differences in accounting methods. The Focus,
Total Return, Balanced, Large Cap Financial, Small Cap Financial, and 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 market 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.
ETFs are subject to additional risks that do not apply to conventional mutual
funds, including the risks that the market price of an ETF’s shares may trade at
a premium or discount to its net asset value, an active secondary trading market
may not develop or be maintained, or trading may be halted by the exchange in
which they trade, which may impact a Fund’s ability to sell its shares. Shares
of any ETF are bought and sold at market price (not NAV) and are not
individually redeemed from the Fund. Brokerage commissions will reduce returns.
ESG investing risk is the risk stemming from the Environmental, Social, and
Governance factors that the Fund applies in selecting securities. The Fund
intends to invest in companies with measurable high ESG ratings relative to
their sector peers, and screen out particular companies that do not meet its ESG
criteria. This may affect the Fund’s exposure to certain companies or industries
and cause the Fund to forego certain investment opportunities. The Fund’s
returns may be lower than other funds that do not seek to invest in companies
based on ESG ratings. The Fund seeks to pursue its investment objective by using
proprietary models that incorporate quantitative analysis. There is no guarantee
that the Portfolio Managers’ use of these models will result in effective
investment decisions for the Fund. From time to time, the Fund may concentrate
its investments in one or more industry sectors. The Fund is currently
substantially invested in the Consumer Discretionary and Health Care sectors and
its performance is therefore tied closely to, and affected by, developments in
these industries.
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 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 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 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 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, Energy Transition, 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.
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CloseIcon
* Mutual 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
* ETFs DropdownArrow
* 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
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.
2022 CIO Roundtable: A Review of 2022 and Outlook for 2023
For the past eight years, our seasoned portfolio management team gathers in
person to exchange insights on the markets and investment landscape.
* People DropdownArrow
* Meet the Team
* Portfolio Management
* Chief Market Strategist
* Client Services
* Business Management
* Associates
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
CNBC - "Buy Quality And Hang On To It"
Neil Hennessy, Hennessy Funds Chief Market Strategist, believes investors who
buy quality, as Hennessy Funds seeks to do, should be fine over the long
term.
Yahoo! Finance – “Stock, Commodity Divergence Will Resolve To The Upside’”
Ben Cook believes oil and natural gas equities will continue to enjoy the
benefit of a strong commodity environment.
TD Ameritrade - "Trade Vanilla Bank Stocks Until Dust Settles"
Dave Ellison talks about what's behind the recent bank failures. He wants to
own banks run with the best stewards in the industry.
* Hennessy Advisors
* My Account
* Contact
* Search Search
Search Search
YOU ARE NOW LEAVING THE HENNESSY FUNDS SITE.
Continue