The Hennessy Japan Fund seeks long-term
capital appreciation by investing at least 80% of its
net assets in equity securities of Japanese companies.
The Fund invests in companies
regardless of market capitalization, and portfolio construction
is unconfined to benchmarks or tracking error.
The Hennessy Japan Fund invests in stocks
which its portfolio managers believe to be good businesses with exceptional management
and which are trading at an attractive price. Individual
stock selection is based on rigorous, on-site research
and focuses on factors such as market growth potential,
management quality, earnings quality and balance sheet
strength. The Fund seeks arbitrage opportunities between
a company’s fundamental value and its market price.
The portfolio selects just the managers' best ideas
and has a concentrated number of holdings.
2013 Lipper Fund Award Winner
Best Japanese Fund (HJPIX) for the 3 year
risk adjusted performance among 10 Japanese funds for the period ended 11/30/12.
Portfolio Manager Q+A
Fund Fact Sheet