GASFX: Hennessy Gas Utility Fund - MutualFunds.com
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Hennessy Gas Utility Investor

GASFX - Snapshot

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 1.9%
  • 5 Yr Annualized Return 6.4%
  • Net Assets $538 M
  • Holdings in Top 10 49.9%

52 WEEK LOW AND HIGH

$23.48
$18.85
$30.03

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.02%

SALES FEES

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

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $250

Fund Classification


Compare GASFX to Popular Utilities Sector Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$62.84

+0.14%

$11.93 B

3.14%

$1.97

2.23%

0.13%

$19.53

+0.05%

$6.26 B

2.75%

$0.54

-0.76%

0.73%

$69.01

+0.15%

$5.73 B

3.17%

$2.18

0.23%

0.10%

$137.45

+0.10%

$5.73 B

3.17%

$4.35

1.99%

0.10%

$16.24

+0.06%

$3.36 B

1.52%

$0.25

1.63%

0.84%

GASFX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.24%
DIVIDENDS
  • Dividend Yield 2.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hennessy Gas Utility Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    May 10, 1989
  • Shares Outstanding
    20509538
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ryan Kelley

Fund Description

The advisor intends to provide investment results that replicate the performance of the American Gas Association Stock Index. The index is maintained by the American Gas Association, a national trade association of natural gas distribution companies, and is licensed exclusively to the Manager for use as an investment strategy. The advisor intends to invest at least 85% of its net assets in the common stock of companies that have natural gas distribution and transmission operations and no attempt is made to actively manage the fund's portfolio by using economic, financial, or market analysis.


GASFX - Performance

Return Ranking - Trailing

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -1.3% 8.6% 72.31%
1 Yr -9.3% -10.6% 25.3% 96.92%
3 Yr 1.9%* -1.3% 17.4% 95.31%
5 Yr 6.4%* 3.0% 15.9% 95.24%
10 Yr 8.9%* 3.8% 11.6% 70.69%

* Annualized

Return Ranking - Calendar

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
2020 -18.3% -52.1% 22.0% 93.85%
2019 12.5% 1.6% 32.5% 81.25%
2018 -13.6% -22.9% 4.1% 90.16%
2017 4.0% -6.4% 16.0% 80.00%
2016 16.5% -0.4% 19.4% 3.45%

Total Return Ranking - Trailing

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -1.3% 7.2% 61.54%
1 Yr -9.3% -10.6% 25.3% 95.38%
3 Yr 1.9%* -1.3% 17.4% 95.31%
5 Yr 6.4%* 3.0% 15.9% 93.65%
10 Yr 8.9%* 3.8% 11.6% 68.97%

* Annualized

Total Return Ranking - Calendar

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
2020 -18.3% -52.1% 22.0% 93.85%
2019 12.5% 4.1% 32.5% 81.25%
2018 -3.5% -22.9% 5.1% 80.33%
2017 7.0% -3.7% 17.9% 85.00%
2016 20.7% -0.4% 23.7% 6.90%

NAV & Total Return History


GASFX - Holdings

Concentration Analysis

GASFX Category Low Category High GASFX % Rank
Net Assets 538 M 3.37 M 11.9 B 61.54%
Number of Holdings 49 23 297 47.69%
Net Assets in Top 10 265 M 1.67 M 7.5 B 61.54%
Weighting of Top 10 49.87% 26.3% 67.2% 47.69%

Top 10 Holdings

  1. Berkshire Hathaway Inc Class A 5.10%
  2. Atmos Energy Corp 5.05%
  3. Southern Co 5.05%
  4. Dominion Energy Inc 5.03%
  5. Wec Energy Group Inc 5.03%
  6. Enbridge Inc 4.94%
  7. Cheniere Energy Inc 4.93%
  8. National Grid Plc Adr 4.92%
  9. Sempra Energy 4.91%
  10. Kinder Morgan Inc Class P 4.90%

Asset Allocation

Weighting Return Low Return High GASFX % Rank
Stocks
100.00% 76.15% 142.44% 23.08%
Preferred Stocks
0.00% 0.00% 2.56% 84.62%
Other
0.00% -37.93% 1.78% 81.54%
Convertible Bonds
0.00% 0.00% 0.00% 80.00%
Cash
0.00% -42.44% 19.72% 92.31%
Bonds
0.00% 0.00% 23.32% 92.31%

Stock Sector Breakdown

Weighting Return Low Return High GASFX % Rank
Utilities
72.40% 36.04% 100.00% 81.54%
Energy
21.36% 0.00% 26.52% 4.62%
Financial Services
5.10% 0.00% 9.79% 9.23%
Basic Materials
1.14% 0.00% 7.38% 16.92%
Technology
0.00% 0.00% 6.18% 87.69%
Real Estate
0.00% 0.00% 12.29% 83.08%
Industrials
0.00% 0.00% 24.67% 86.15%
Healthcare
0.00% 0.00% 1.15% 84.62%
Communication Services
0.00% 0.00% 63.96% 95.38%
Consumer Defense
0.00% 0.00% 9.98% 84.62%
Consumer Cyclical
0.00% 0.00% 4.63% 80.00%

Stock Geographic Breakdown

Weighting Return Low Return High GASFX % Rank
US
83.13% 15.98% 104.48% 67.69%
Non US
16.87% 0.00% 75.26% 36.92%

GASFX - Expenses

Operational Fees

GASFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.02% 0.08% 3.15% 50.77%
Management Fee 0.40% 0.03% 1.00% 13.85%
12b-1 Fee 0.15% 0.00% 1.00% 28.13%
Administrative Fee 0.04% 0.04% 0.26% 15.38%

Sales Fees

GASFX 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% 4.00% N/A

Trading Fees

GASFX 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.

GASFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 3.00% 169.00% 32.31%

GASFX - Distributions

Dividend Yield Analysis

GASFX Category Low Category High GASFX % Rank
Dividend Yield 2.62% 0.00% 3.58% 4.62%

Dividend Distribution Analysis

GASFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Semi-Annually Monthly Quarterly

Net Income Ratio Analysis

GASFX Category Low Category High GASFX % Rank
Net Income Ratio 2.24% 0.57% 7.57% 46.15%

Capital Gain Distribution Analysis

GASFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

GASFX - Fund Manager Analysis

Managers

Ryan Kelley


Start Date

Tenure

Tenure Rank

Mar 31, 2013

7.76

7.8%

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.

L. Wein


Start Date

Tenure

Tenure Rank

Feb 28, 2019

1.84

1.8%

Wein joined the Investment Manager in September 2018 until February 2019.Josh previously joined BB&T Asset Management in 2008 and Sterling Capital Management through merger in October 2010. He has investment experience since 1995. Josh is an investment analyst with Sterling's Advisory Solutions team with a focus on alternative investments. Prior to joining BB&T, he worked as a Managing Member of Bellator Capital Partners, a long/short equity fund focused primarily on small and mid-cap equities. He also worked as an Equity Research Associate covering enterprise software companies at First Union Securities. Josh is a graduate of Emory University where he received his BBA in Finance. He received his MBA from Vanderbilt University. He is a CAIA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.34 22.02 8.35 6.68