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Trending ETFs

Name

As of 03/27/2024

Price

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

$24.81

$27.9 M

1.62%

$0.40

1.80%

Vitals

YTD Return

7.7%

1 yr return

35.1%

3 Yr Avg Return

-2.5%

5 Yr Avg Return

6.5%

Net Assets

$27.9 M

Holdings in Top 10

52.0%

52 WEEK LOW AND HIGH

$24.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.80%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 62.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

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

$24.81

$27.9 M

1.62%

$0.40

1.80%

HLFNX - Profile

Distributions

  • YTD Total Return 7.7%
  • 3 Yr Annualized Total Return -2.5%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.47%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hennessy Large Cap Financial Fund
  • Fund Family Name
    Hennessy Funds Trust
  • Inception Date
    Oct 31, 2012
  • Shares Outstanding
    1027197
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    David Ellison

Fund Description

The Fund invests primarily in companies whose securities are listed on U.S. national securities exchanges, including through American Depositary Receipts (“ADRs”), which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges.  The Fund’s investments consist primarily of common stocks.
Under normal circumstances, the Fund invests at least 80% of its net assets in securities of large-cap companies principally engaged in the business of providing financial services, including information technology companies that are primarily engaged in providing products or services to financial services companies.  An issuer is considered principally engaged in the business of providing financial services if at least 50% of its assets, gross income, or net profits are committed to, or derived from, financial services activities.  Financial services activities are activities primarily related to consumer and commercial banking, global payments, insurance, securities and investments, specialty finance, and real estate.  Investments may include mortgage banking companies, discount brokerage companies, insurance companies, consumer finance companies, payment processing companies, savings and loan associations, savings banks, leasing companies, building and loan associations, cooperative banks, commercial banks, investment companies, other depository institutions, and real estate investment trusts. The Fund considers a large-cap company to be one that has a market capitalization of $3 billion or more, measured at the time of purchase.
When evaluating securities to purchase in the banking industry, the Portfolio Managers generally select companies that have low price-to-earnings and low price-to-book ratios relative to peers. When evaluating other financial service companies, the Portfolio Managers generally focus on companies using technology to develop and grow alternative delivery channels of traditional financial products. They view digital financial services as a long-term growth opportunity.  The Portfolio Managers may choose to sell a security if they believe it has reached an excessive valuation level, when the company’s specific metrics or industry fundamentals deteriorate, or if the investment process
identifies a potentially superior investment idea. They may also choose to sell a position when the company’s market capitalization drops below $3 billion.
The Fund will not invest more than 5% of its total assets in the equity-related securities of any one company that derives more than 15% of its revenues from brokerage or investment management activities.
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HLFNX - Performance

Return Ranking - Trailing

Period HLFNX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -11.0% 17.3% 62.64%
1 Yr 35.1% 7.7% 43.3% 41.76%
3 Yr -2.5%* -20.7% 17.7% 79.12%
5 Yr 6.5%* -5.8% 19.5% 73.63%
10 Yr 5.3%* -1.1% 13.6% 75.68%

* Annualized

Return Ranking - Calendar

Period HLFNX Return Category Return Low Category Return High Rank in Category (%)
2023 2.8% -12.2% 29.3% 75.82%
2022 -30.0% -56.2% 9.4% 85.71%
2021 13.1% 1.6% 54.4% 91.30%
2020 16.6% -41.2% 61.3% 5.43%
2019 29.8% 10.5% 97.3% 18.48%

Total Return Ranking - Trailing

Period HLFNX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.7% -11.0% 17.3% 62.64%
1 Yr 35.1% 7.7% 43.3% 41.76%
3 Yr -2.5%* -20.7% 17.7% 79.12%
5 Yr 6.5%* -5.8% 19.5% 73.63%
10 Yr 5.3%* -1.1% 13.6% 75.68%

* Annualized

Total Return Ranking - Calendar

Period HLFNX Return Category Return Low Category Return High Rank in Category (%)
2023 4.6% -8.5% 32.0% 79.12%
2022 -24.9% -56.2% 11.4% 94.51%
2021 18.8% 18.8% 56.8% 100.00%
2020 16.6% -41.2% 61.3% 6.52%
2019 29.8% 12.8% 101.7% 39.13%

NAV & Total Return History


HLFNX - Holdings

Concentration Analysis

HLFNX Category Low Category High HLFNX % Rank
Net Assets 27.9 M 1.03 M 30.3 B 79.57%
Number of Holdings 27 26 412 93.48%
Net Assets in Top 10 15.3 M 456 K 18.4 B 78.26%
Weighting of Top 10 52.03% 18.0% 84.7% 29.35%

Top 10 Holdings

  1. Berkshire Hathaway Inc 5.79%
  2. Visa Inc 5.59%
  3. Wells Fargo Co 5.40%
  4. JPMorgan Chase Co 5.19%
  5. Mastercard Inc 5.11%
  6. KeyCorp 5.10%
  7. Bank of America Corp 5.10%
  8. Fifth Third Bancorp 4.99%
  9. First American Treasury Obligations Fund 4.95%
  10. Morgan Stanley 4.81%

Asset Allocation

Weighting Return Low Return High HLFNX % Rank
Stocks
90.99% 87.39% 107.75% 96.74%
Cash
9.01% -8.24% 32.40% 8.70%
Preferred Stocks
0.00% 0.00% 3.05% 89.13%
Other
0.00% -1.65% 2.20% 84.78%
Convertible Bonds
0.00% 0.00% 0.10% 88.04%
Bonds
0.00% 0.00% 2.83% 90.22%

Stock Sector Breakdown

Weighting Return Low Return High HLFNX % Rank
Financial Services
95.45% 46.33% 100.00% 57.61%
Technology
4.55% 0.00% 43.13% 15.22%
Utilities
0.00% 0.00% 5.37% 88.04%
Real Estate
0.00% 0.00% 40.95% 92.39%
Industrials
0.00% 0.00% 5.08% 88.04%
Healthcare
0.00% 0.00% 5.97% 88.04%
Energy
0.00% 0.00% 6.18% 88.04%
Communication Services
0.00% 0.00% 4.06% 88.04%
Consumer Defense
0.00% 0.00% 4.66% 88.04%
Consumer Cyclical
0.00% 0.00% 42.54% 89.13%
Basic Materials
0.00% 0.00% 4.54% 88.04%

Stock Geographic Breakdown

Weighting Return Low Return High HLFNX % Rank
US
90.99% 0.00% 106.12% 73.91%
Non US
0.00% 0.00% 99.15% 91.30%

HLFNX - Expenses

Operational Fees

HLFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.80% 0.08% 11.17% 23.91%
Management Fee 0.90% 0.03% 1.25% 78.49%
12b-1 Fee 0.15% 0.00% 1.00% 28.26%
Administrative Fee N/A 0.10% 0.34% 28.57%

Sales Fees

HLFNX 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

HLFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

HLFNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 62.00% 3.00% 406.00% 75.31%

HLFNX - Distributions

Dividend Yield Analysis

HLFNX Category Low Category High HLFNX % Rank
Dividend Yield 1.62% 0.00% 12.08% 68.82%

Dividend Distribution Analysis

HLFNX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

HLFNX Category Low Category High HLFNX % Rank
Net Income Ratio -0.47% -0.76% 10.57% 96.74%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HLFNX - Fund Manager Analysis

Managers

David Ellison


Start Date

Tenure

Tenure Rank

Jan 03, 1997

25.42

25.4%

David H. Ellison serves as a portfolio manager with Hennessy Advisors, Inc. He has been employed by the Investment Manager since 2012. Prior to that, Mr. Ellison was employed by FBR Fund Advisers, Inc.

Ryan Kelley


Start Date

Tenure

Tenure Rank

Mar 31, 2013

9.17

9.2%

Kelley has been employed by Hennessy Advisors, Inc. since October 26, 2012. Prior to October 26 2012, Mr. Kelley was employed by FBR Fund Advisers, Inc. Prior to joining the FBR Advisers, Inc. in 2005, he held various positions at FBR, including senior equity analyst in the research department since 2002 and associate in corporate finance for five years prior to 2002. Kelley holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 25.42 9.67 4.58