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.