Hennessy Japan Small Cap Fund
Name
As of 11/25/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
6.0%
1 yr return
12.9%
3 Yr Avg Return
1.1%
5 Yr Avg Return
3.2%
Net Assets
$109 M
Holdings in Top 10
23.4%
52 WEEK LOW AND HIGH
$17.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.12%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 24.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/25/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
HJSIX - Profile
Distributions
- YTD Total Return 6.0%
- 3 Yr Annualized Total Return 1.1%
- 5 Yr Annualized Total Return 3.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.63%
- Dividend Yield 1.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameHennessy Japan Small Cap Fund
-
Fund Family NameHennessy Funds Trust
-
Inception DateJun 16, 2015
-
Shares Outstanding3376146
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerTadahiro Fujimura
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of smaller Japanese companies, typically considered to be companies with market capitalizations in the bottom 20% of all publicly traded Japanese companies. As of December 31, 2023, the bottom 20% of publicly traded Japanese companies had market capitalizations below approximately 469 billion Japanese yen, or the equivalent of $3.2 billion. This market capitalization range will vary due to market conditions. The Fund 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. Investments primarily include common stocks. As a non-principal investment strategy, the Fund may also invest in preferred stocks, warrants and other rights, securities convertible into or exchangeable for common stocks, such as convertible bonds, and investments in Japan real estate investment trusts or other investment companies (including exchange-traded funds, referred to as ETFs) that invest in equity securities of Japanese companies.
Using in-depth analysis and on-site research, the Portfolio Managers focus on stocks with a potential “value gap” by screening for small-cap companies that they identify as having strong businesses and management, trading at attractive prices. The portfolio is limited to what the Portfolio Managers consider to be their best ideas and is unconstrained by its benchmarks. The Portfolio Managers typically sell an investment when the reasons for buying it no longer apply, such as when they determine that a company’s prospects have changed, that a company’s stock is fully valued by the market, or that the company is beginning to show deteriorating fundamentals. They also may sell an investment if it becomes, in their determination, too large of a position in the Fund.
HJSIX - Performance
Return Ranking - Trailing
| Period | HJSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.0% | -2.6% | 26.5% | 73.68% |
| 1 Yr | 12.9% | 3.4% | 24.3% | 39.47% |
| 3 Yr | 1.1%* | -13.3% | 26.0% | 54.05% |
| 5 Yr | 3.2%* | -5.7% | 18.5% | 72.73% |
| 10 Yr | N/A* | 0.3% | 11.4% | 11.54% |
* Annualized
Return Ranking - Calendar
| Period | HJSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.3% | 0.0% | 36.8% | 55.26% |
| 2022 | -17.0% | -34.0% | 2.8% | 32.43% |
| 2021 | -5.2% | -15.7% | 14.9% | 52.94% |
| 2020 | 13.1% | -6.2% | 31.2% | 57.58% |
| 2019 | 18.4% | 4.7% | 24.4% | 37.50% |
Total Return Ranking - Trailing
| Period | HJSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 6.0% | -2.6% | 26.5% | 73.68% |
| 1 Yr | 12.9% | 3.4% | 24.3% | 39.47% |
| 3 Yr | 1.1%* | -13.3% | 26.0% | 54.05% |
| 5 Yr | 3.2%* | -5.7% | 18.5% | 72.73% |
| 10 Yr | N/A* | 0.3% | 11.4% | 11.54% |
* Annualized
Total Return Ranking - Calendar
| Period | HJSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.7% | 2.0% | 42.0% | 63.16% |
| 2022 | -16.0% | -32.8% | 5.9% | 40.54% |
| 2021 | -4.3% | -15.1% | 18.0% | 85.29% |
| 2020 | 13.9% | -3.2% | 34.7% | 54.55% |
| 2019 | 20.4% | 7.7% | 26.7% | 43.75% |
NAV & Total Return History
HJSIX - Holdings
Concentration Analysis
| HJSIX | Category Low | Category High | HJSIX % Rank | |
|---|---|---|---|---|
| Net Assets | 109 M | 5.91 M | 16.7 B | 81.58% |
| Number of Holdings | 67 | 27 | 1791 | 73.68% |
| Net Assets in Top 10 | 27.9 M | 2.5 M | 4.17 B | 76.32% |
| Weighting of Top 10 | 23.40% | 3.5% | 141.4% | 76.32% |
Top 10 Holdings
- First American Government Obligations Fund 3.39%
- Daihen Corp 2.56%
- Relo Group Inc 2.37%
- Musashino Bank Ltd/The 2.27%
- Penta-Ocean Construction Co Ltd 2.26%
- Amada Co Ltd 2.15%
- NEC Networks System Integration Corp 2.13%
- Nihon Kohden Corp 2.10%
- J Front Retailing Co Ltd 2.10%
- PeptiDream Inc 2.08%
Asset Allocation
| Weighting | Return Low | Return High | HJSIX % Rank | |
|---|---|---|---|---|
| Stocks | 96.42% | 94.34% | 102.16% | 97.37% |
| Cash | 3.58% | 0.02% | 38.84% | 21.05% |
| Preferred Stocks | 0.00% | 0.00% | 0.67% | 81.58% |
| Other | 0.00% | -2.22% | 2.68% | 81.58% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 78.95% |
| Bonds | 0.00% | 0.00% | 3.97% | 78.95% |
HJSIX - Expenses
Operational Fees
| HJSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.12% | 0.09% | 3.46% | 21.05% |
| Management Fee | 0.80% | 0.09% | 0.90% | 81.58% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.15% | 0.20% | 50.00% |
Sales Fees
| HJSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
| HJSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
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.
| HJSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 24.00% | 2.95% | 70.30% | 57.58% |
HJSIX - Distributions
Dividend Yield Analysis
| HJSIX | Category Low | Category High | HJSIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.14% | 0.00% | 21.26% | 78.95% |
Dividend Distribution Analysis
| HJSIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| HJSIX | Category Low | Category High | HJSIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.63% | -0.63% | 2.45% | 57.89% |
Capital Gain Distribution Analysis
| HJSIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 27, 2023 | $0.197 | OrdinaryDividend |
| Dec 28, 2022 | $0.163 | OrdinaryDividend |
| Dec 29, 2021 | $0.086 | OrdinaryDividend |
| Dec 07, 2021 | $0.070 | CapitalGainLongTerm |
| Dec 29, 2020 | $0.116 | OrdinaryDividend |
| Dec 27, 2019 | $0.266 | OrdinaryDividend |
| Dec 27, 2018 | $0.044 | OrdinaryDividend |
| Dec 27, 2017 | $0.081 | OrdinaryDividend |
| Dec 07, 2017 | $0.275 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.095 | OrdinaryDividend |
| Dec 07, 2016 | $0.340 | CapitalGainShortTerm |
| Dec 09, 2015 | $0.342 | CapitalGainLongTerm |
HJSIX - Fund Manager Analysis
Managers
Tadahiro Fujimura
Start Date
Tenure
Tenure Rank
Aug 31, 2007
14.76
14.8%
Tadahiro Fujimura, CFA and CMA, has served as the Chief Investment Officer of SPARX since April 2013, served as the head of the Investment & Research Division from April 2010 to December 2015, and is responsible for overseeing Japanese Mid and Small Cap Strategies. Prior to joining SPARX, Mr. Fujimura served as the Chief Portfolio Manager of the small-cap investment team at Nikko Asset Management (formerly Nikko Securities Investment Trust Management Co., Ltd.).
Takenari Okumura
Start Date
Tenure
Tenure Rank
Feb 28, 2020
2.25
2.3%
Takenari Okumura gained a bachelor’s degree from Keio University (Tokyo) in 2008. He is currently the lead portfolio manager of the Japan Small and Mid Cap strategy at SPARX Asset Management. He joined SPARX as a new graduate and has 11 years of investment and financial market experience.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 24.43 | 7.11 | 8.25 |