Hennessy Large Cap Financial Fund Named 2021 Refinitiv Lipper Fund Award Winner

March 11, 2021 - Hennessy Funds today announced that the Hennessy Large Cap Financial Fund (Institutional Class: HILFX) has received the 2021 Refinitiv Lipper Fund Award (U.S.) for best-in-category performance for the five-year period ended 11/30/20 among 22 Financial Services Funds. For more than 30 years these highly respected awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers.

The Hennessy Large Cap Financial Fund maintains a concentrated portfolio and provides an opportunity to invest in a select group of larger banks and financial services companies. The Fund is managed by Dave Ellison, the most tenured fund manager in the Financial Services sector, and by Ryan C. Kelley, CFA.

"We are honored to receive this recognition from this prestigious organization, and we are pleased to have delivered strong results for our Fund shareholders,” said Fund Manager Dave Ellison. “We will continue to look for opportunities among faster-growing fintech companies and those financial services companies embracing technology, which make up a significant portion of the current portfolio, to drive Fund performance. We will also remain flexible and carefully evaluate opportunities for traditional banks as the U.S. economic recovery picks up steam," he added.

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.