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Fund Commentary
Cornerstone Growth FundA Fund Focused on Valuation, Growth and Momentum
Ryan C. Kelley, CFAChief Investment Officer and Portfolio Manager
L. Joshua Wein, CAIAPortfolio ManagerRead the CommentaryIn the following commentary, the Portfolio Managers of the Hennessy Cornerstone Growth Fund discuss the Fund’s formula-based investment strategy and how it drives the Fund’s sector and industry positioning.
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Company Spotlight
Focus FundAST SpaceMobile: Transforming How the World Connects
David Rainey, CFACo-Portfolio Manager
Brian Macauley, CFACo-Portfolio Manager
Ira Rothberg, CFACo-Portfolio ManagerRead the SpotlightAST is building the first and only space-based cellular broadband network accessible directly by everyday smartphones with both commercial and government applications. With strategic investments from leading technology players such as AT&T, Verizon, Vodafone and Google, AST has the bold goal to provide uninterrupted broadband connectivity, everywhere.
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Fund Commentary
Japan FundIdentifying Select Opportunities in Japanese Businesses
Masakazu Takeda, CFA, CMAPortfolio Manager
Angus Lee, CFAPortfolio ManagerRead the CommentaryIn the following commentary, the Portfolio Managers discuss Japan’s improving corporate fundamentals, the continued benefits of governance reform, and why stock selection remains essential as the market becomes increasingly differentiated.
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Fund Commentary
Japan FundA Renewed Focus on Earnings Growth, Shareholder Returns & Valuations
September 2026
The Tokyo Stock Price Index has risen 25% year-to-date through September and interest rates hit their highest in about 30 years. In this environment, the Portfolio Managers discuss their focus on growth potential and sufficient margin of safety to find companies with different return drivers across different macroeconomic environments.
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Fund Commentary
Japan Small Cap FundAccess Japan’s Structural Transformation via Japanese Small Caps
September 2026
In the following commentary, the Portfolio Managers discuss opportunities in Japan’s small-cap market, highlighting attractive valuations, evolving tourism trends, and earnings growth.
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Hennessy In the News
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“Big Interview With Josh Wein” – MoneyLife with Chuck Jaffe
L. Joshua Wein, CAIAPortfolio ManagerView MoreWith earnings season approaching, Josh Wein of Hennessy Cornerstone Growth Fund expects strong results. The Fund’s rules-based strategy emphasizes valuation, momentum, and earnings improvement, shifting its focus from large-cap technology toward smaller-cap companies.
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“How These Two Areas Of The Market Could ‘Culminate’ Over The Holidays” - Yahoo! Finance
L. Joshua Wein, CAIAPortfolio ManagerView MoreAs the market trades around 20 times earnings and earnings season approaches, Hennessy Cornerstone Growth Fund portfolio manager Josh Wein describes the rally as high quality, pointing out investors have choices about where to allocate their money and there is considerable competition for capital.
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Bloomberg Surveillance Podcast – “Ben Cook Talks Energy”
Ben Cook, CFAPortfolio ManagerView MoreAs surging electricity demand and AI reshape the energy landscape, Hennessy Energy Transition Fund Portfolio Manager Ben Cook highlights key opportunities in natural gas, pipelines, nuclear power, and integrated energy.