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HFCSX Hennessy Focus Investor

  • Fund
  • HFCSX
  • Price as of: Jul 20, 2018
  • $91.07
  • - $0.79
  • - 0.86%
  • Category
  • Mid Cap Growth Equities

HFCSX - Profile

Vitals

  • YTD Return 3.1%
  • 3 Yr Annualized Return 8.0%
  • 5 Yr Annualized Return 11.3%
  • Net Assets $2.45 B
  • Holdings in Top 10 79.3%

52 WEEK LOW AND HIGH

$91.07
$79.29
$92.59

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.48%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 5.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$250

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Growth

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 8.0%
  • 5 Yr Annualized Total Return 11.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.51%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Hennessy Focus Fund
  • Fund Family Name Hennessy
  • Inception Date Jan 03, 1997
  • Shares Outstanding 17298562
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager David S. Rainey

Fund Description

The fund invests primarily in domestic companies listed on U.S. national securities exchanges. It may also invest in (i) foreign companies listed on U.S. national securities exchanges, (ii) foreign companies through American Depositary Receipts or other types of depositary receipts, which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges and, (iii) foreign companies traded on foreign exchanges. The fund is non-diversified.

HFCSX - Performance

Return Ranking - Trailing

Period HFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -98.2% 33.4% 80.87% 5
1 Yr 11.3% -20.6% 47.0% 85.20% 5
3 Yr 8.0% * -5.9% 28.7% 64.56% 4
5 Yr 11.3% * 1.3% 20.4% 66.39% 4
10 Yr 12.6% * 0.8% 17.4% 4.20% 1

* Annualized


Return Ranking - Calendar

Period HFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 19.3% -70.5% 158.6% 25.16% 2
2016 7.2% -61.7% 27.9% 17.34% 1
2015 2.7% -82.5% 31.3% 3.74% 1
2014 2.1% -29.3% 35.0% 28.91% 2
2013 33.1% -27.0% 200.0% 20.58% 2

Total Return Ranking - Trailing

Period HFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.1% -100.0% 33.4% 81.21% 5
1 Yr 11.3% -35.2% 876.4% 77.78% 4
3 Yr 8.0% * -4.2% 23.6% 60.32% 4
5 Yr 11.3% * 0.8% 20.4% 61.99% 4
10 Yr 12.6% * 0.8% 17.4% 4.01% 1

* Annualized


Total Return Ranking - Calendar

Period HFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 19.3% -98.2% 158.6% 25.27% 2
2016 7.2% -61.7% 27.9% 20.58% 2
2015 2.9% -43.1% 62.9% 22.15% 2
2014 2.1% -23.5% 561.9% 84.34% 5
2013 36.2% -22.5% 382.6% 81.65% 5

NAV & Total Return History

HFCSX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

HFCSX Category Low Category High HFCSX % Rank Quintile
Net Assets 2.45 B 281 K 30.8 B 6.98% 2
Number of Holdings 19 3 2283 19.02% 5
Net Assets in Top 10 1.94 B 84.9 K 5.65 B 1.93% 1
Weighting of Top 10 79.3% 6.3% 100.0% 1.19% 1

Top 10 Holdings

  1. American Tower Corp 11.42%
  2. O'Reilly Automotive Inc 9.09%
  3. Markel Corp 9.06%
  4. CarMax Inc 8.80%
  5. Aon PLC 6.60%
  6. Charles Schwab Corp 8.40%
  7. Brookfield Asset Management Inc Class A 7.51%
  8. Hexcel Corp 6.98%
  9. American Woodmark Corp 5.04%
  10. Twenty-First Century Fox Inc Class A 6.39%

Asset Allocation

Weighting Category Low Category High HFCSX % Rank Quintile
Stocks
98.38% 15.06% 125.53% 10.25% 2
Cash
1.62% -25.53% 54.54% 20.36% 3
Preferred Stocks
0.00% 0.00% 5.49% 3.12% 4
Other
0.00% -10.78% 79.22% 8.92% 4
Convertible Bonds
0.00% 0.00% 0.74% 0.59% 4
Bonds
0.00% 0.00% 30.54% 2.82% 4

Stock Sector Breakdown

Weighting Category Low Category High HFCSX % Rank Quintile
Financial Services
36.16% -0.39% 45.85% 0.30% 1
Consumer Cyclical
33.44% 0.00% 57.14% 0.59% 1
Communication Services
11.42% 0.00% 17.30% 0.30% 1
Industrials
9.23% 0.00% 38.36% 31.65% 5
Technology
8.12% 2.20% 55.52% 36.11% 5
Utilities
0.00% 0.00% 10.73% 9.66% 4
Real Estate
0.00% 0.00% 37.28% 28.68% 5
Healthcare
0.00% 0.00% 37.05% 36.26% 5
Energy
0.00% 0.00% 15.99% 27.49% 5
Consumer Defense
0.00% 0.00% 22.39% 30.46% 5
Basic Materials
0.00% 0.00% 13.56% 29.12% 5

Stock Geographic Breakdown

Weighting Category Low Category High HFCSX % Rank Quintile
US
90.87% 14.94% 120.65% 23.63% 4
Non US
7.51% 0.00% 41.39% 7.58% 1

HFCSX - Expenses

Operational Fees

HFCSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.48% 0.07% 111.05% 17.73% 4
Management Fee 0.90% 0.06% 1.50% 2.08% 4
12b-1 Fee 0.15% 0.00% 1.00% 3.41% 2
Administrative Fee 0.12% 0.00% 25000.00% 4.62% 3

Sales Fees

HFCSX Fees (% of AUM) Category Low Category High HFCSX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

HFCSX Fees (% of AUM) Category Low Category High HFCSX Rank Quintile
Max Redemption Fee N/A 0.05% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HFCSX Fees (% of AUM) Category Low Category High HFCSX Rank Quintile
Turnover 5.00% 0.00% 558.00% 23.85% 1

HFCSX - Distributions

Dividend Yield Analysis

HFCSX Category Low Category High HFCSX % Rank Quintile
Dividend Yield N/A 0.00% 5.39% N/A N/A

Dividend Distribution Analysis

HFCSX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

HFCSX Category Low Category High HFCSX % Rank Quintile
Net Income Ratio -0.51% -2.25% 1.71% 17.73% 4

Capital Gain Distribution Analysis

HFCSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

HFCSX - Managers

David S. Rainey

Manager

Start Date

Aug 22, 2009

Tenure

8.86

Tenure Rank

7.9%

David Rainey co-founded Broad Run Investment Management, LLC in 2012. Prior to that Mr. Rainey served as a Portfolio Manager at FBR Asset Management (“FBR”), which he joined in 2009. Prior to joining FBR, Mr. Rainey was with Akre Capital Management (“ACM”) since 1998. During his time at ACM, he served in various roles including Senior Research Analyst, Separate Account co-Portfolio Manager, and CCO. Prior to joining ACM, Mr. Rainey held investment and analysis positions with the Federal National Mortgage Association (“Fannie Mae”), the Student Loan Marketing Association (“Sallie Mae”) and with Wheat First Securities. Mr. Rainey holds a BS in Commerce from the University of Virginia and an MBA from Duke University.


Ira M. Rothberg

Manager

Start Date

Aug 22, 2009

Tenure

8.86

Tenure Rank

7.9%

Ira Rothberg co-founded Broad Run Investment Management, LLC in 2012. Prior to that Mr. Rothberg served as a Portfolio Manager at FBR Asset Management (“FBR”), which he joined in 2009. Prior to joining FBR, Mr. Rothberg served as an Analyst at Akre Capital Management (“ACM”), which he joined in November 2004. Prior to joining ACM, Mr. Rothberg was an Analyst at Ramsey Asset Management. Mr. Rothberg holds a BS in Finance and Accounting and a BA in Economics from the University of Maryland.


Brian E. Macauley

Manager

Start Date

Aug 22, 2009

Tenure

8.86

Tenure Rank

7.9%

Brian Macauley co-founded Broad Run Investment Management, LLC in 2012. Prior to that Mr. Macauley served as a Portfolio Manager at FBR Asset Management (“FBR”), which he joined in 2009. Prior to joining FBR, Mr. Macauley served as an Analyst at Akre Capital Management (“ACM”), which he joined in May 2003. Prior to joining ACM, Mr. Macauley held research analyst positions with Credit Suisse First Boston and Wheat First Union. Mr. Macauley holds a BS in Commerce from the University of Virginia.


Tenure Analysis

Category Low

0.0

Category High

32.4

Category Average

7.63

Category Mode

3.5