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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$24.83

$627 M

1.47%

$0.37

1.00%

Vitals

YTD Return

1.1%

1 yr return

-2.6%

3 Yr Avg Return

-5.5%

5 Yr Avg Return

-3.0%

Net Assets

$627 M

Holdings in Top 10

48.5%

52 WEEK LOW AND HIGH

$24.8
$23.94
$29.58

Expenses

OPERATING FEES

Expense Ratio 1.00%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$24.83

$627 M

1.47%

$0.37

1.00%

GASFX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return -5.5%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.06%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hennessy Gas Utility Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    May 10, 1989
  • Shares Outstanding
    18113705
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ryan Kelley

Fund Description

The Fund may invest in any company whose securities are listed on a U.S. national securities exchange, 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 intends to provide investment results that replicate the performance of the American Gas Association Stock Index (the “AGA Stock Index”).  The AGA Stock Index is maintained by the American Gas Association, a national trade association of natural gas distribution companies, and is licensed exclusively to the Investment Manager for use as an investment strategy. Calculated monthly, the AGA Stock Index consists of all member companies of the American Gas Association whose securities are traded on a U.S. stock exchange, which include natural gas distribution, gas pipeline, diversified gas, and combination gas and electric companies.  The stocks included in the Fund are chosen solely on the basis of their inclusion in the AGA Stock Index.
Under normal circumstances, the Fund 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.  The adverse financial situation of a company will not result in its elimination from the Fund’s portfolio unless the company is removed from the AGA Stock Index.  The percentage of the Fund’s assets invested in the stock of a particular company is approximately the same as the percentage weighting of such company in the AGA Stock Index.  The percentage weighting of each company in the AGA Stock Index is an amount equal to such company’s market capitalization multiplied by the percentage of such company’s assets devoted to natural gas distribution and transmission.  The latter component of this calculation is used to recognize the natural gas distribution and transmission component of the company’s asset base.
There is no predetermined acceptable range of the difference between the total return of the AGA Stock Index and the total return of the Fund.  Any difference is likely the result of various expenses incurred by the Fund, such as management fees, transaction costs, and other operating expenses, as well as
HENNESSY FUNDS
1-800-966-4354
Investor: GASFX
Institutional: HGASX
subscription and redemption activity.  On the other hand, the Fund does attempt to achieve a correlation of monthly returns with the AGA Stock Index of approximately 95% or better.  A correlation of 100% would mean the total return of the Fund’s assets would increase and decrease at exactly the same rate as the total return of the AGA Stock Index.
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GASFX - Performance

Return Ranking - Trailing

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -9.1% 7.9% 14.06%
1 Yr -2.6% -20.4% 10.9% 48.44%
3 Yr -5.5%* -18.4% 8.2% 76.56%
5 Yr -3.0%* -13.6% 10.3% 86.67%
10 Yr 0.7%* -10.6% 10.3% 84.91%

* Annualized

Return Ranking - Calendar

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
2022 -2.3% -26.3% 14.2% 56.25%
2021 3.7% -6.6% 22.0% 56.25%
2020 -6.5% -7.4% 32.5% 95.31%
2019 3.0% -10.8% 8.2% 66.67%
2018 -2.9% -5.1% 16.0% 91.67%

Total Return Ranking - Trailing

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -8.0% 7.9% 14.06%
1 Yr -2.6% -20.4% 10.9% 51.47%
3 Yr -5.5%* -18.4% 8.3% 77.94%
5 Yr -0.8%* -10.9% 10.3% 79.69%
10 Yr 3.7%* -5.3% 10.3% 72.22%

* Annualized

Total Return Ranking - Calendar

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
2022 -2.3% -26.3% 14.2% 56.25%
2021 3.7% -6.6% 22.0% 56.25%
2020 -6.5% -7.4% 32.5% 95.31%
2019 3.0% -10.8% 8.2% 66.67%
2018 -0.7% -5.1% 16.0% 81.67%

NAV & Total Return History


GASFX - Holdings

Concentration Analysis

GASFX Category Low Category High GASFX % Rank
Net Assets 627 M 19.7 M 16.5 B 61.54%
Number of Holdings 51 25 228 46.38%
Net Assets in Top 10 292 M 5.68 K 10.1 B 57.97%
Weighting of Top 10 48.48% 30.3% 65.8% 37.68%

Top 10 Holdings

  1. Sempra Energy 5.06%
  2. Cheniere Energy Inc 5.01%
  3. Kinder Morgan Inc Class P 4.95%
  4. Berkshire Hathaway Inc Class A 4.92%
  5. Atmos Energy Corp 4.86%
  6. Southern Co 4.85%
  7. Enbridge Inc 4.83%
  8. National Grid PLC ADR 4.83%
  9. ONEOK Inc 4.76%
  10. Dominion Energy Inc 4.76%

Asset Allocation

Weighting Return Low Return High GASFX % Rank
Stocks
98.70% 64.54% 137.55% 56.52%
Cash
1.30% -15.47% 10.22% 49.28%
Preferred Stocks
0.00% 0.00% 0.07% 100.00%
Other
0.00% -39.81% 0.00% 89.86%
Convertible Bonds
0.00% 0.00% 0.00% 98.55%
Bonds
0.00% 0.00% 26.16% 98.55%

Stock Sector Breakdown

Weighting Return Low Return High GASFX % Rank
Utilities
67.90% 50.08% 100.00% 92.75%
Energy
26.40% 0.00% 31.61% 4.35%
Financial Services
4.98% 0.00% 4.98% 2.90%
Industrials
0.71% 0.00% 27.59% 39.13%
Technology
0.00% 0.00% 6.09% 100.00%
Real Estate
0.00% 0.00% 13.29% 98.55%
Healthcare
0.00% 0.00% 3.34% 100.00%
Communication Services
0.00% 0.00% 47.17% 100.00%
Consumer Defense
0.00% 0.00% 0.56% 100.00%
Consumer Cyclical
0.00% 0.00% 2.09% 98.55%
Basic Materials
0.00% 0.00% 4.68% 100.00%

Stock Geographic Breakdown

Weighting Return Low Return High GASFX % Rank
US
88.39% 17.29% 100.02% 71.01%
Non US
10.31% 0.00% 81.42% 36.23%

GASFX - Expenses

Operational Fees

GASFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.08% 2.45% 41.79%
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% 13.33%

Sales Fees

GASFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 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 15.00% 3.00% 209.00% 55.93%

GASFX - Distributions

Dividend Yield Analysis

GASFX Category Low Category High GASFX % Rank
Dividend Yield 1.47% 0.00% 3.13% 28.99%

Dividend Distribution Analysis

GASFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Quarterly Quarterly

Net Income Ratio Analysis

GASFX Category Low Category High GASFX % Rank
Net Income Ratio 2.06% 0.31% 7.85% 41.54%

Capital Gain Distribution Analysis

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

Distributions History

View More +

GASFX - Fund Manager Analysis

Managers

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.

L. Wein


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

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
0.07 23.43 10.09 0.92