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HFCSX Hennessy Focus Investor

  • Fund
  • HFCSX
  • Price as of: Dec 02, 2016
  • $72.27
  • - $0.24
  • - 0.33%
  • Category
  • Mid Cap Growth Equities

HFCSX - Profile

Vitals

  • YTD Return 4.5%
  • 3 Yr Annualized Return 6.9%
  • 5 Yr Annualized Return 13.6%
  • Net Assets $2.39 B
  • Holdings in Top 10 63.9%

52 WEEK LOW AND HIGH

$72.27
$61.69
$73.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.46%

SALES FEES

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

BROKERAGE FEES

  • Turnover 4.00%

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 4.5%
  • 3 Yr Annualized Total Return 6.9%
  • 5 Yr Annualized Total Return 13.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.55%
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 N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager David S. Rainey

Fund Description

The fund invests primarily in U.S. securities. In addition, it may invest in foreign companies traded in the U.S. on a national securities exchange or national securities association, including American Depositary Receipts, and foreign companies traded on a foreign exchange. Investments will consist primarily of common stocks, but may include preferred stocks, warrants, options, equity-like instruments and debt instruments. The Portfolio Managers invest in the stocks of companies of any size without regard to market capitalization. The fund is non-diversified.

HFCSX - Performance

Return Ranking - Trailing

Period HFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.5% -59.7% 26.3% 39.61% 2
1 Yr -1.6% -63.0% 32.0% 59.04% 3
3 Yr 6.9% * -47.9% 28.7% 14.10% 1
5 Yr 13.6% * -27.8% 20.5% 5.85% 1
10 Yr 8.9% * -15.1% 11.7% 11.05% 1

* Annualized


Return Ranking - Calendar

Period HFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.7% -82.5% 12.2% 2.49% 1
2014 2.1% -40.7% 17.9% 23.71% 2
2013 33.1% -27.0% 200.0% 21.42% 2
2012 N/A -11.3% 26.4% N/A N/A
2011 N/A -41.3% 11.1% N/A N/A

Total Return Ranking - Trailing

Period HFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.5% -59.7% 26.3% 45.61% 3
1 Yr -1.6% -51.4% 876.4% 48.50% 3
3 Yr 6.9% * -23.6% 45.5% 12.70% 1
5 Yr 13.6% * -9.2% 114.4% 5.68% 1
10 Yr 8.9% * -4.1% 53.5% 10.11% 1

* Annualized


Total Return Ranking - Calendar

Period HFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.9% -48.4% 19.2% 15.81% 1
2014 2.1% -23.5% 141.0% 83.22% 5
2013 36.2% -22.5% 561.9% 85.56% 5
2012 N/A -11.3% 4114.7% N/A N/A
2011 N/A -100.0% 19.2% N/A N/A

NAV & Total Return History

HFCSX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

HFCSX Category Low Category High HFCSX % Rank Quintile
Net Assets 2.39 B 281 K 24.1 B 5.94% 2
Number of Holdings 25 3 2320 16.79% 5
Net Assets in Top 10 1.57 B 84.9 K 4.23 B 1.78% 1
Weighting of Top 10 63.9% 6.0% 125.8% 1.63% 1

Top 10 Holdings

  1. American Tower Corp 9.86%
  2. O'Reilly Automotive Inc 9.58%
  3. Markel Corp 8.13%
  4. CarMax Inc 6.41%
  5. Aon PLC 5.38%
  6. Charles Schwab Corp 5.16%
  7. Brookfield Asset Management Inc Class A 6.49%
  8. American Woodmark Corp 3.96%
  9. Hexcel Corp 4.66%
  10. Gaming and Leisure Properties Inc 4.24%

Asset Allocation

Weighting Category Low Category High HFCSX % Rank Quintile
Stocks
84.62% 15.06% 136.15% 28.23% 5
Cash
15.39% -36.35% 42.87% 1.78% 1
Other
0.00% -10.78% 79.22% 10.10% 4
Convertible Bonds
0.00% 0.00% 2.74% 1.49% 4
Preferred Stocks
0.00% 0.00% 3.77% 2.23% 4
Bonds
0.00% 0.00% 56.94% 2.97% 4

Stock Sector Breakdown

Weighting Category Low Category High HFCSX % Rank Quintile
Consumer Cyclical
24.38% 0.00% 48.63% 3.57% 1
Financial Services
22.66% 0.00% 29.03% 0.89% 1
Real Estate
10.72% 0.00% 31.71% 1.93% 1
Communication Services
9.86% 0.00% 16.37% 0.74% 1
Industrials
6.57% 0.00% 37.54% 31.80% 5
Technology
5.66% 1.83% 48.63% 32.84% 5
Energy
2.91% 0.00% 12.96% 13.97% 3
Healthcare
1.85% 0.00% 37.20% 32.10% 5
Utilities
0.00% -0.02% 12.31% 8.62% 4
Consumer Defense
0.00% -0.02% 69.40% 30.31% 5
Basic Materials
0.00% -0.02% 13.50% 27.34% 5

Stock Geographic Breakdown

Weighting Category Low Category High HFCSX % Rank Quintile
US
78.13% 14.94% 127.92% 29.57% 5
Non US
6.49% 0.00% 26.42% 6.69% 1

HFCSX - Expenses

Operational Fees

HFCSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.46% 0.08% 111.05% 17.29% 4
Management Fee 0.90% 0.05% 1.50% 2.08% 4
12b-1 Fee 0.15% 0.00% 1.00% 3.48% 2
Administrative Fee 0.12% 0.00% 25000.00% 4.61% 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 4.00% 0.00% 687.00% 22.95% 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 -0.55% -2.29% 1.79% 18.63% 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

7.2

Tenure Rank

8.6%

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

7.2

Tenure Rank

8.6%

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

7.2

Tenure Rank

8.6%

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

30.7

Category Average

7.16

Category Mode

4.8