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HJPNX Hennessy Japan Investor

  • Fund
  • HJPNX
  • Price as of: Apr 18, 2019
  • $35.69
  • + $0.11
  • + 0.31%
  • Category
  • Japan Equities

HJPNX - Profile

Vitals

  • YTD Return 9.7%
  • 3 Yr Annualized Return 13.5%
  • 5 Yr Annualized Return 12.2%
  • Net Assets $655 M
  • Holdings in Top 10 52.5%

52 WEEK LOW AND HIGH

$35.69
$31.22
$37.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.43%

SALES FEES

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

BROKERAGE FEES

  • Turnover 1.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$250

Investment Themes

CATEGORY

Japan Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Japan Stock

Distributions

  • YTD Total Return 9.7%
  • 3 Yr Annualized Total Return 13.5%
  • 5 Yr Annualized Total Return 12.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Hennessy Japan Fund
  • Fund Family Name Hennessy
  • Inception Date Oct 31, 2003
  • Shares Outstanding 2888834
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Masakazu Takeda

Fund Description

The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of Japanese companies. The fund's manager considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan. While it is considered a "diversified" mutual fund, it employs a relatively concentrated investment strategy and may hold securities of fewer issuers than other diversified funds.

HJPNX - Performance

Return Ranking - Trailing

Period HJPNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.7% -13.2% 13.7% 40.00% 2
1 Yr -1.1% -21.9% 19.5% 31.03% 2
3 Yr 13.5% * -0.7% 14.1% 12.50% 1
5 Yr 12.2% * 3.1% 12.6% 9.52% 1
10 Yr 14.5% * 5.5% 15.8% 18.75% 1

* Annualized


Return Ranking - Calendar

Period HJPNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -6.6% -45.8% 1.1% 24.00% 2
2017 32.0% 0.0% 46.4% 16.00% 1
2016 11.3% -11.4% 11.7% 8.00% 1
2015 13.0% 0.7% 20.9% 36.00% 2
2014 7.0% -17.5% 7.2% 9.52% 1

Total Return Ranking - Trailing

Period HJPNX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.7% -13.2% 13.7% 40.00% 2
1 Yr -1.1% -21.9% 19.5% 27.59% 2
3 Yr 13.5% * -0.7% 14.1% 12.50% 1
5 Yr 12.2% * 2.6% 12.6% 9.52% 1
10 Yr 14.5% * 5.5% 15.8% 18.75% 1

* Annualized


Total Return Ranking - Calendar

Period HJPNX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -6.6% -45.8% 1.1% 24.00% 2
2017 32.0% 0.0% 46.4% 16.00% 1
2016 11.3% -11.4% 11.7% 8.00% 1
2015 13.0% 5.9% 26.7% 40.00% 2
2014 7.0% -17.0% 10.0% 14.29% 1

NAV & Total Return History

HJPNX - Holdings

Filings data as of: Dec 31, 2018

Concentration Analysis

HJPNX Category Low Category High HJPNX % Rank Quintile
Net Assets 655 M 5.97 M 3.06 B 13.79% 1
Number of Holdings 26 2 1791 44.83% 5
Net Assets in Top 10 265 M 0 879 M 6.90% 1
Weighting of Top 10 52.5% 0.0% 52.5% 3.45% 1

Top 10 Holdings

  1. Recruit Holdings Co Ltd 4.90%
  2. Terumo Corp 5.29%
  3. Unicharm Corp 5.88%
  4. Shimano Inc 5.20%
  5. Kao Corp 5.47%
  6. Fast Retailing Co Ltd 5.56%
  7. Daikin Industries Ltd 5.07%
  8. Mitsubishi Corp 5.27%
  9. MISUMI Group Inc 4.99%
  10. Mitsubishi UFJ Financial Group Inc 4.89%

Asset Allocation

Weighting Category Low Category High HJPNX % Rank Quintile
Stocks
96.08% 0.00% 100.00% 41.38% 4
Cash
3.92% 0.00% 100.00% 10.34% 1
Preferred Stocks
0.00% 0.00% 0.00% 3.45% 3
Other
0.00% 0.00% 0.66% 6.90% 3
Convertible Bonds
0.00% 0.00% 0.00% 3.45% 3
Bonds
0.00% 0.00% 0.00% 3.45% 3

Stock Sector Breakdown

Weighting Category Low Category High HJPNX % Rank Quintile
Industrials
24.82% 11.32% 37.80% 17.24% 1
Consumer Cyclical
21.20% 7.83% 22.16% 6.90% 1
Consumer Defense
16.10% 4.58% 16.10% 3.45% 1
Healthcare
10.04% 3.18% 16.72% 10.34% 1
Financial Services
9.46% 1.12% 15.56% 27.59% 4
Basic Materials
5.07% 0.85% 10.92% 34.48% 4
Technology
4.78% 4.78% 25.19% 48.28% 5
Communication Services
4.62% 0.00% 12.32% 24.14% 3
Utilities
0.00% 0.00% 3.19% 27.59% 4
Real Estate
0.00% 0.00% 9.25% 41.38% 5
Energy
0.00% 0.00% 5.09% 27.59% 4

Stock Geographic Breakdown

Weighting Category Low Category High HJPNX % Rank Quintile
Non US
96.08% 0.00% 100.00% 41.38% 4
US
0.00% 0.00% 0.62% 6.90% 4

HJPNX - Expenses

Operational Fees

HJPNX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.43% 0.63% 3.09% 55.17% 3
Management Fee 0.80% 0.52% 1.15% 13.79% 4
12b-1 Fee 0.15% 0.00% 1.00% 23.81% 2
Administrative Fee 0.12% 0.01% 0.15% 23.08% 4

Sales Fees

HJPNX Fees (% of AUM) Category Low Category High HJPNX Rank Quintile
Front Load N/A 3.50% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

HJPNX Fees (% of AUM) Category Low Category High HJPNX Rank Quintile
Max Redemption Fee N/A 1.00% 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.

HJPNX Fees (% of AUM) Category Low Category High HJPNX Rank Quintile
Turnover 1.00% 1.00% 101.00% 37.93% 1

HJPNX - Distributions

Dividend Yield Analysis

HJPNX Category Low Category High HJPNX % Rank Quintile
Dividend Yield 0.0% 0.00% 0.70% 79.17% 4

Dividend Distribution Analysis

HJPNX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

HJPNX Category Low Category High HJPNX % Rank Quintile
Net Income Ratio 0.02% -0.77% 1.56% 68.97% 4

Capital Gain Distribution Analysis

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

HJPNX - Managers

Masakazu Takeda

Manager

Start Date

Nov 01, 2006

Tenure

12.42

Tenure Rank

7.3%

Masakazu Takeda, CFA and CMA, has been an analyst and fund manager with SPARX since 1999. Prior to joining SPARX, Mr. Takeda was employed by the Long Term Credit Bank of Japan (currently Shinsei Bank) and LTCB Warburg (now UBS Securities).


Yu Shimizu

Manager

Start Date

Jan 31, 2012

Tenure

7.17

Tenure Rank

16.4%

Yu Shimizu, CMA, has served as a Portfolio Manager and has been employed by SPARX since 2005. Prior to joining SPARX, Mr. Shimizu worked as an analyst at UFJ Partners Asset Management Co., Ltd. (currently Mitsubishi UFJ Asset Management Co., Ltd.) and as an analyst at Yasuda Capital Management Co., Ltd. (currently Yasuda Asset Management Co., Ltd.).


Tenure Analysis

Category Low

0.2

Category High

21.3

Category Average

6.1

Category Mode

4.3