Hennessy Select Large Value Fund (HSVFX)

Overview
The Hennessy Select 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 Select 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
Fund Information as of 12/31/11
Equity Sector Weighting
Consumer Discretionary
9.5%
Consumer Staples
7.5%
Energy
13.1%
Financials
23.8%
Health Care
12.1%
Industrials
8.8%
Information Technology
9.8%
Materials
2.5%
Telecommunication Services
5.0%
Utilities
6.8%
Top 10 Holdings
Chevron Corp.
4.0%
Pfizer, Inc.
3.6%
Wells Fargo & Company
3.4%
Intel Corp.
3.1%
General Electric Co.
2.6%
JPMorgan Chase & Company
2.6%
Exxon Mobil Corp.
2.6%
Verizon Communications, Inc.
2.6%
Kraft Foods, Inc.
2.5%
Cisco Systems, Inc.
2.4%
 
Fund Information as of 12/31/11
Fund Information
Total Net Assets $124 million  
Beta (vs. S&P 500)* 1.02  
Distributions Paid Annually, generally in Nov. or Dec.  
  Original Class Institutional Class
Expense Ratio 1.41% Gross 1.22%; Net 0.98%**
CUSIP 425 88P 502 425 88P 601
Ticker HSVFX HSVIX
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
12/31/11
Domestic/Foreign Holdings
Switzerland
1.6%
United States
97.4%
Cash and Other Assets, Less Liabilities
1.0%
Portfolio Composition
Equity
99.0%
Cash
1.0%
Average Annual Total Returns
3 Months
YTD
1 Year
3 Year
5 Year
10 Year
Since Inception (9/30/84)
HSVFX
13.91%
0.58%
0.58%
9.99%
-2.64%
2.42%
9.29%
Russell 1000 Value Index
13.11%
0.39%
0.39%
11.55%
-2.64%
3.89%
10.65%
S&P 500 Index
11.82%
2.11%
2.11%
14.11%
-0.25%
2.92%
10.35%
Year by Year Total Returns
 
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
HSVFX
-14.47%
24.95%
16.34%
1.29%
15.28%
3.31%
-36.35%
19.45%
10.76%
0.58%
Russell 1000 Value Index
-15.52%
30.03%
16.49%
7.05%
22.25%
-0.17%
-36.85%
19.69%
15.51%
0.39%
S&P 500 Index
-22.10%
28.68%
10.88%
4.91%
15.80%
5.49%
-37.00%
26.46%
15.06%
2.11%

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The Fund may invest in medium-capitalization companies, which tend to have limited liquidity and greater price volatility than large-capitalization companies.

* 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.