Hennessy Balanced Fund (HBFBX)

Overview
The Hennessy Balanced Fund seeks total return, consisting of capital appreciation and current income. The Fund invests in ten very large, dividend-yielding companies selected by the purely quantitative Balanced Formula. The Fund selects large-cap, value oriented stocks and a percentage of fixed income.

Investment Strategy
The Hennessy Balanced Fund invests 50% of its assets in the ten highest dividend-yielding Dow Jones Industrial Average stocks, known as the "Dogs of the Dow", and the remaining 50% in U.S. Treasury securities with a maturity of less than one year. Stocks for the portfolio are selected by strictly adhering to the following time-tested, quantitative formula:
Download Fund Fact Sheet
Universe of 30 Dow Jones Industrial Average stocks
Identify the 10 highest dividend- yielding stocks, also known as the "Dogs of the Dow"
Invest 50% of asset in Dogs of the Dow stocks
Invest 50% of asset in U.S. Treasury securities with a maturity of less than one year
 
Fund Information as of 03/31/13
Equity Sector Weighting
Consumer Discretionary 0.3%
Consumer Staples 5.8%
Energy 5.1%
Financials 1.7%
Health Care 16.4%
Industrials 3.6%
Information Technology 4.4%
Materials 4.7%
Telecommunication Services 8.8%
Top 10 Holdings
Pfizer, Inc.
5.8%
Johnson & Johnson
5.6%
Chevron Corp.
5.1%
Procter & Gamble Co.
5.0%
Merck & Co., Inc.
5.0%
E. I. du Pont de Nemours 4.7%
Verizon Communications, Inc.
4.6%
AT&T, Inc. 4.2%
Intel Corp. 3.6%
General Electric Co. 3.6%
Domestic/Foreign Holdings
USA
97.3%
Cash & Other Assets, Less Liabilities
2.7%
Portfolio Composition
Equity
50.6%
Fixed Income
46.7%
Cash
2.7%

Fund Information
Total Net Assets $13 million
Beta (vs. S&P 500)* 0.36
30-Day SEC Yield - net 0.00%
Expense Ratio - gross 1.55%
12b-1 Fees 0.15%
CUSIP 425 887 106
Ticker HBFBX
SEC Fund Identifier Series S000000835
  Class C000002450
Inception Date
 3/8/96
Minimum Investment $2,500
Minimum Investment (IRA) $250
 

Performance as of 03/31/13
Average Annual Total Returns
3 Months
YTD
1 Year
3 Year
5 Year
10 Year
Since Inception (3/8/96)
HBFBX
5.64%
5.64%
7.13%
8.00%
3.74%
4.61%
4.34%
Dow Jones Industrial Average
11.93%
11.93%
13.37%
13.32%
6.50%
8.94%
8.31%
S&P 500 Index
10.61%
10.61%
13.96%
12.67%
5.81%
8.53%
7.41%
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. Performance data current to the most recent month end may be obtained by clicking here.

Year by Year Total Returns
   
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
HBFBX  
12.38%
0.20%
-2.08%
16.03%
2.65%
-22.76%
17.31%
8.17%
6.90%
3.73%
Dow Jones Ind. Average
  
28.28%
5.31%
1.72%
19.05%
8.88%
-31.93%
22.68%
14.06%
8.38%
10.24%
S&P 500 Index
  
28.68%
10.88%
4.91%
15.80%
5.49%
-37.00%
26.46%
15.06%
2.11%
16.00%

Back to top

The Fund’s composition and sector weightings are shown as a percentage of the Fund’s total net assets. Portfolio composition and sector weightings are subject to change at any time and should not be considered a recommendation to buy or sell a particular security. The S&P 500 and Dow Jones Industrial Average are unmanaged indices commonly used to measure the performance of U.S. stocks. One cannot invest directly in an index.

The Dow Jones Industrial Average is the property of Dow Jones & Company, Inc. Dow Jones & Company, Inc. is not affiliated with the Hennessy Funds or their investment advisors. Dow Jones & Company, Inc. has not participated in any way in the creation of the Hennessy Funds or in the selection of stocks included in the Hennessy Funds and has not approved any information provided. One cannot invest directly in an index.

The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund, making it more exposed to individual stock volatility than a diversified fund.

 Dividend Yield is calculated as the annual dividends paid by a company divided by the price of a share of their stock. SEC Yield is a standardized yield computed by dividing the net investment income per share earned during the 30-day period prior to quarter-end.

* Beta is a measure of a portfolio’s sensitivity to market movements (as represented by the S&P 500). The index has a beta of 1.0. A beta of more (less) than 1.0 indicates that a fund’s historical returns have fluctuated more (less) than the index.