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Name

As of 11/21/2024

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

Hennessy Balanced Fund

HBFBX | Fund

$12.12

$12.7 M

2.49%

$0.30

1.85%

Vitals

YTD Return

5.0%

1 yr return

9.5%

3 Yr Avg Return

6.2%

5 Yr Avg Return

4.4%

Net Assets

$12.7 M

Holdings in Top 10

84.2%

52 WEEK LOW AND HIGH

$12.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

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

Hennessy Balanced Fund

HBFBX | Fund

$12.12

$12.7 M

2.49%

$0.30

1.85%

HBFBX - Profile

Distributions

  • YTD Total Return 5.0%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.17%
DIVIDENDS
  • Dividend Yield 2.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hennessy Balanced Fund
  • Fund Family Name
    Hennessy Funds Trust
  • Inception Date
    Jun 30, 1998
  • Shares Outstanding
    1192499
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Neil Hennessy

Fund Description

The Fund invests approximately 50% of its assets in roughly equal dollar amounts in the 10 highest dividend-yielding Dow Jones Industrial Average (“DJIA”) stocks (known as the “Dogs of the Dow”), but limits exposure to market risk and volatility by investing approximately 50% of its assets in U.S. Treasury securities with a maturity of less than one year.
The total portfolio is divided into multiple sub-portfolios, each of which uses the Dogs of the Dow strategy. On various dates throughout the year, each of these sub-portfolios is reviewed. During the review, the Investment Manager determines the 10 highest yielding common stocks in the DJIA by annualizing the last quarterly or semi-annual ordinary dividend declared on each stock and dividing the result by the market value of that stock. The Fund then purchases those stocks in approximately equal amounts for the sub-portfolio being reviewed. From time to time, the Fund also may purchase an approximately equal amount of U.S. Treasury securities having a remaining maturity of less than one year for the sub-portfolio being reviewed. On the next date, another sub-portfolio is reviewed in a similar manner.
Regardless of whether they remain in the DJIA or retain the characteristics of Dogs of the Dow stocks, the Fund generally holds the stock investments within each sub-portfolio for one year, at which time the applicable sub-portfolio is up for another review. At the end of the one-year period, the Fund sells any stocks in the applicable sub-portfolio that are no longer Dogs of the Dow stocks and replaces them with stocks that are Dogs of the Dow stocks. Additionally, the Fund may sell a portion of the stocks that remain in the applicable sub-portfolio so that the rebalanced portion of the sub-portfolio adheres to the Fund’s asset allocation strategy.
Read More

HBFBX - Performance

Return Ranking - Trailing

Period HBFBX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -2.2% 80.8% 97.97%
1 Yr 9.5% -2.2% 90.0% 97.67%
3 Yr 6.2%* -4.9% 20.0% 2.97%
5 Yr 4.4%* -2.4% 22.9% 92.48%
10 Yr 4.6%* 1.0% 13.5% 86.91%

* Annualized

Return Ranking - Calendar

Period HBFBX Return Category Return Low Category Return High Rank in Category (%)
2023 2.6% -12.2% 23.9% 93.77%
2022 -5.4% -34.7% 2.8% 1.91%
2021 4.0% -11.9% 18.1% 58.57%
2020 -4.0% -20.9% 39.7% 97.46%
2019 4.2% 0.8% 25.7% 99.35%

Total Return Ranking - Trailing

Period HBFBX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.0% -2.2% 80.8% 97.97%
1 Yr 9.5% -2.2% 90.0% 97.67%
3 Yr 6.2%* -4.9% 20.0% 2.97%
5 Yr 4.4%* -2.4% 22.9% 92.48%
10 Yr 4.6%* 1.0% 13.5% 86.91%

* Annualized

Total Return Ranking - Calendar

Period HBFBX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -12.2% 26.8% 96.38%
2022 6.0% -29.0% 10.9% 0.44%
2021 8.0% -3.0% 27.3% 90.74%
2020 -3.0% -19.5% 40.6% 98.41%
2019 9.7% 2.2% 32.7% 99.18%

NAV & Total Return History

HBFBX - Holdings

Concentration Analysis

HBFBX Category Low Category High HBFBX % Rank
Net Assets 12.7 M 861 K 235 B 98.42%
Number of Holdings 16 2 16015 76.96%
Net Assets in Top 10 10.8 M 859 K 69.8 B 96.67%
Weighting of Top 10 84.21% 10.8% 122.7% 32.46%

Top 10 Holdings

  1. United States Treasury Bill 29.10%
  2. United States Treasury Bill 9.72%
  3. United States Treasury Bill 8.36%
  4. 3M Co 6.36%
  5. Amgen Inc 5.44%
  6. International Business Machines Corp 5.39%
  7. Coca-Cola Co/The 5.30%
  8. Chevron Corp 4.94%
  9. Verizon Communications Inc 4.85%
  10. Dow Inc 4.75%

Asset Allocation

Weighting Return Low Return High HBFBX % Rank
Stocks 		50.80% 0.00% 100.16% 86.38%
Bonds 		47.18% 0.00% 74.58% 6.38%
Cash 		2.11% -7.92% 100.00% 41.30%
Preferred Stocks 		0.00% 0.00% 23.91% 39.57%
Other 		0.00% -42.55% 113.97% 53.04%
Convertible Bonds 		0.00% 0.00% 23.84% 90.80%

Stock Sector Breakdown

Weighting Return Low Return High HBFBX % Rank
Healthcare 		27.58% 0.00% 29.35% 0.44%
Technology 		17.31% 0.00% 44.21% 67.64%
Energy 		14.61% 0.00% 85.65% 4.10%
Basic Materials 		9.62% 0.00% 25.57% 2.78%
Consumer Defense 		9.58% 0.00% 15.14% 13.03%
Communication Services 		8.90% 0.00% 38.10% 14.35%
Industrials 		7.66% 0.00% 24.37% 88.87%
Financial Services 		4.74% 0.00% 38.77% 96.19%
Utilities 		0.00% 0.00% 99.55% 93.41%
Real Estate 		0.00% 0.00% 65.01% 96.49%
Consumer Cyclical 		0.00% 0.00% 19.36% 98.98%

Stock Geographic Breakdown

Weighting Return Low Return High HBFBX % Rank
US 		50.80% 0.00% 100.16% 80.87%
Non US 		0.00% 0.00% 39.06% 40.72%

Bond Sector Breakdown

Weighting Return Low Return High HBFBX % Rank
Government 		66.49% 0.00% 97.26% 3.21%
Cash & Equivalents 		2.11% 0.00% 99.92% 38.55%
Derivative 		0.00% -2.87% 42.43% 39.13%
Securitized 		0.00% 0.00% 92.13% 90.07%
Corporate 		0.00% 0.00% 98.21% 96.35%
Municipal 		0.00% 0.00% 24.80% 71.68%

Bond Geographic Breakdown

Weighting Return Low Return High HBFBX % Rank
US 		47.18% 0.00% 74.58% 6.38%
Non US 		0.00% 0.00% 15.37% 29.71%

HBFBX - Expenses

Operational Fees

HBFBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.85% 0.03% 17.63% 12.68%
Management Fee 0.60% 0.00% 1.83% 72.23%
12b-1 Fee 0.15% 0.00% 1.00% 18.34%
Administrative Fee N/A 0.01% 0.83% 58.46%

Sales Fees

HBFBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HBFBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

HBFBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.83% 343.00% 38.54%

HBFBX - Distributions

Dividend Yield Analysis

HBFBX Category Low Category High HBFBX % Rank
Dividend Yield 2.49% 0.00% 17.90% 31.94%

Dividend Distribution Analysis

HBFBX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Annual

Net Income Ratio Analysis

HBFBX Category Low Category High HBFBX % Rank
Net Income Ratio 0.17% -2.34% 13.92% 89.97%

Capital Gain Distribution Analysis

HBFBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

View More +

HBFBX - Fund Manager Analysis

Managers

Neil Hennessy

Start Date

Tenure

Tenure Rank

Mar 08, 1996

26.25

26.3%

Neil is a seasoned asset manager with over four decades of financial services and investing experience. He started his career as a broker in 1979, started his first mutual fund in 1996, and today provides strategic economic and market direction for Hennessy Funds. As Chief Market Strategist, Neil analyzes the economy and financial markets to develop insights and direction to support our investment team. Embodying the Hennessy Funds' motto of "Investing, Uncompromised" Neil leads with high conviction, adhering to proven and repeatable strategies, and always in the best interest of shareholders, and he never strays from these core values. Neil began his career at Paine Webber and worked there and at Hambrecht & Quist until founding his own broker/dealer firm in 1989 and Hennessy Funds in 1996. Neil is a recognized and respected asset manager, and he is a frequent guest/contributor in national financial media. Neil received a BBA in Business Administration from the University of San Diego.

Ryan Kelley

Start Date

Tenure

Tenure Rank

May 31, 2018

4.0

4.0%

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
0.08 34.51 6.37 2.41

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