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Overview
The Hennessy Large Value Fund seeks long-term
growth of capital and current income by purchasing larger
capitalization companies that are out of favor and undervalued.
Investment Strategy
The Hennessy Large Value Fund invests in stocks
which its portfolio managers consider to be undervalued based on earnings, dividends
and/or assets, or on other widely recognized stock valuation
measurements. Further, the portfolio managers believe
that these companies have sound businesses with good
future potential based on their fundamental characteristics. |
Download
Fund Fact Sheet
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| Fund
Information as of 03/31/13 |
| Equity
Sector Weighting |
| Consumer Discretionary |
9.0% |
| Consumer Staples |
7.9% |
| Energy |
15.4% |
| Financials |
26.0% |
| Health Care |
11.6% |
| Industrials |
9.4% |
| Information Technology |
5.8% |
| Materials |
4.5% |
| Telecommunication Services |
2.8% |
| Utilities |
6.4% |
|
| Top
10 Holdings |
| Chevron Corp. |
4.4% |
| Wells Fargo & Co |
3.9% |
| Johnson & Johnson |
3.7% |
| General Electric Co. |
3.5% |
| Exxon Mobil Corp. |
3.3% |
| J.P. Morgan Chase & Company |
3.2% |
| Procter & Gamble Co. |
2.7% |
| Cisco Systems, Inc. |
2.4% |
| Dominion Resources, Inc. |
2.1% |
| Northeast Utilities |
2.0% |
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| Fund
Information as of 03/31/13 |
| Fund
Information |
| Total Net Assets |
$136 million |
|
| Beta (vs. S&P 500)* |
1.03 |
|
| Distributions Paid |
Annually, generally in Nov. or Dec. |
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Investor Class |
Institutional Class |
| 30-Day SEC Yield-net |
0.90% |
1.36% |
| Expense Ratio |
1.40% |
Gross 1.22%; Net 0.98%** |
| CUSIP |
425 88P 502 |
425 88P 601 |
| Ticker |
HLVFX |
HLVIX |
| SEC Fund Identifier |
Series S000025096 |
Series S000025096 |
|
Class C000074660 |
Class C000074661 |
| Inception Date |
9/30/84*** |
9/30/84*** |
| Minimum Investment |
$2,500 |
$250,000^ |
| Minimum Investment (IRA) |
$250 |
$250,000^ |
Performance
as of 03/31/13 |
| Domestic/Foreign
Holdings |
| Bermuda |
0.7% |
| Ireland |
2.2% |
| Netherlands |
1.2% |
| Switzerland |
1.6% |
| United States |
93.2% |
| Cash and Other Assets, Less Liabilities |
1.1% |
| Portfolio Composition |
| Equity |
98.9% |
| Cash |
1.1% |
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|
Average Annual Total Returns |
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Since Inception (9/30/84)
|
HLVFX (Investor) |
10.88% |
10.88% |
16.02% |
10.61% |
3.75% |
7.41 |
9.85% |
Russell
1000 Value Index |
12.31% |
12.31% |
18.77% |
12.74% |
4.85% |
9.18% |
11.24% |
S&P
500 Index |
10.61% |
10.61% |
13.96% |
12.67% |
5.81% |
8.53% |
10.84% |
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Year by Year Total Returns |
| |
2003 |
2004 |
2005 |
2006 |
2007 |
2008 |
2009 |
2010 |
2011 |
2012 |
| HLVFX (Investor) |
24.95% |
16.34% |
1.29% |
15.28% |
3.31% |
-36.35% |
19.45% |
10.76% |
0.58% |
16.33% |
Russell 1000
Value Index |
30.03% |
16.49% |
7.05% |
22.25% |
-0.17% |
-36.85% |
19.69% |
15.51% |
0.39% |
17.51% |
S&P 500 Index |
28.68% |
10.88% |
4.91% |
15.80% |
5.49% |
-37.00% |
26.46% |
15.06% |
2.11% |
16.00% |
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