Gas Utility Fund Receives Two 2016 Lipper Fund Awards

March 23, 2016 - Hennessy Funds today announced that the Hennessy Gas Utility Fund (GASFX) has received two 2016 Lipper Fund Awards for best in category performance for both the five-year and ten-year periods ended 11/30/15 among 15 Utility Funds.  This marks the fifth consecutive year that the Hennessy Gas Utility Fund has received the five-year Lipper Fund Award.*  Lipper Fund Awards honor mutual funds that have excelled in delivering consistently stronger risk-adjusted performance than their peers.                                                                                          

“We are pleased to once again receive this award from such a prestigious, industry-leading organization in recognition of our disciplined and repeatable investment process,” said Neil Hennessy, President and Chief Investment Officer of Hennessy Funds.

The Hennessy Gas Utility Fund owns the publicly-traded members of the American Gas Association, a national trade association which represents natural gas distribution companies. “While many funds in our category invest in a very broad range of different types of utilities, our Fund focuses on natural gas, and specifically on the distribution side of the industry,” said Skip Aylesworth, Portfolio Manager. “With a 100+ year domestic supply, low and stable pricing, along with its environmental advantage, natural gas is quickly becoming the fuel of choice.  The Hennessy Gas Utility Fund provides an opportunity to invest in companies that should benefit from the growing demand for natural gas,” Aylesworth noted.

* 2012, 2013, 2014 and 2015 Lipper Fund Awards were given among 16, 16, 15 and 15 Utility Funds for the five-year periods ending 11/30/11, 11/30/12, 11/30/13 and 11/30/14, respectively.

A Lipper Fund Award is awarded to one fund in each Lipper classification for achieving the strongest trend of consistent risk-adjusted performance against its classification peers over a three, five or ten-year period. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. © 2016, All Rights Reserved.

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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.

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To view the Morningstar ratings for the Japan Fund, please click here. (Media - TD Ameritrade)

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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.

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