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Name

As of 04/22/2024

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 Total Return Fund

HDOGX | Fund

$13.04

$49.9 M

3.60%

$0.47

3.37%

Vitals

YTD Return

0.0%

1 yr return

8.5%

3 Yr Avg Return

7.0%

5 Yr Avg Return

5.8%

Net Assets

$49.9 M

Holdings in Top 10

121.1%

52 WEEK LOW AND HIGH

$13.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 3.37%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/22/2024

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 Total Return Fund

HDOGX | Fund

$13.04

$49.9 M

3.60%

$0.47

3.37%

HDOGX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 7.0%
  • 5 Yr Annualized Total Return 5.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.52%
DIVIDENDS
  • Dividend Yield 3.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hennessy Total Return Fund
  • Fund Family Name
    Hennessy Funds Trust
  • Inception Date
    Aug 14, 1998
  • Shares Outstanding
    3872949
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Neil Hennessy

Fund Description

The Fund invests in the 10 highest dividend-yielding Dow Jones Industrial Average (“DJIA”) stocks (known as the “Dogs of the Dow”) and in U.S. Treasury securities with a maturity of less than one year.
The Fund invests approximately 50% of its assets in the 10 Dogs of the Dow stocks in roughly equal dollar amounts and approximately 50% of its assets in U.S. Treasury securities with a maturity of less than one year. The Fund then utilizes a borrowing strategy that allows the Fund’s performance to approximate what it would be if the Fund had an asset allocation of roughly 75% Dogs of the Dow stocks and 25% U.S. Treasury securities. The Fund typically borrows money by entering into reverse repurchase agreements secured by its portfolio of U.S. Treasury securities.
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. In a 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

HDOGX - Performance

Return Ranking - Trailing

Period HDOGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.9% 23.2% 87.69%
1 Yr 8.5% -9.3% 42.6% 69.79%
3 Yr 7.0%* -6.9% 8.2% 0.29%
5 Yr 5.8%* -4.3% 14.0% 58.29%
10 Yr 5.8%* 0.5% 10.5% 50.53%

* Annualized

Return Ranking - Calendar

Period HDOGX Return Category Return Low Category Return High Rank in Category (%)
2023 0.1% -12.2% 23.9% 96.91%
2022 -5.1% -34.7% 0.0% 2.00%
2021 10.3% -11.9% 18.1% 16.67%
2020 -12.2% -20.9% 39.7% 99.23%
2019 10.6% 0.8% 25.7% 81.88%

Total Return Ranking - Trailing

Period HDOGX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -1.9% 23.2% 87.69%
1 Yr 8.5% -9.3% 42.6% 69.79%
3 Yr 7.0%* -6.9% 8.2% 0.29%
5 Yr 5.8%* -4.3% 14.0% 58.29%
10 Yr 5.8%* 0.5% 10.5% 50.53%

* Annualized

Total Return Ranking - Calendar

Period HDOGX Return Category Return Low Category Return High Rank in Category (%)
2023 8.0% -12.2% 26.8% 92.26%
2022 10.9% -29.0% 10.9% 0.14%
2021 11.8% -3.0% 24.2% 64.60%
2020 -4.8% -19.5% 40.6% 98.92%
2019 12.6% 4.4% 32.7% 98.73%

NAV & Total Return History

HDOGX - Holdings

Concentration Analysis

HDOGX Category Low Category High HDOGX % Rank
Net Assets 49.9 M 789 K 217 B 90.07%
Number of Holdings 18 2 15716 74.34%
Net Assets in Top 10 61.1 M 618 K 62.8 B 80.03%
Weighting of Top 10 121.11% 11.4% 121.1% 0.14%

Top 10 Holdings

  1. United States Treasury Bill 29.44%
  2. United States Treasury Bill 23.65%
  3. United States Treasury Bill 17.82%
  4. International Business Machines Corp 7.61%
  5. Verizon Communications Inc 7.58%
  6. Amgen Inc 7.10%
  7. Dow Inc 7.09%
  8. Coca-Cola Co/The 6.96%
  9. Walgreens Boots Alliance Inc 6.94%
  10. Chevron Corp 6.93%

Asset Allocation

Weighting Return Low Return High HDOGX % Rank
Bonds 		70.91% 0.00% 77.27% 1.25%
Stocks 		70.62% 0.00% 103.09% 48.96%
Cash 		1.58% -10.21% 100.00% 50.21%
Preferred Stocks 		0.00% 0.00% 23.88% 34.26%
Convertible Bonds 		0.00% 0.00% 23.84% 89.80%
Other 		-42.80% -42.80% 117.44% 100.00%

Stock Sector Breakdown

Weighting Return Low Return High HDOGX % Rank
Healthcare 		29.35% 0.00% 29.35% 0.14%
Technology 		15.35% 0.00% 44.21% 81.65%
Energy 		13.23% 0.00% 85.65% 4.62%
Basic Materials 		10.57% 0.00% 33.35% 2.80%
Consumer Defense 		10.14% 0.00% 15.14% 11.90%
Communication Services 		9.46% 0.00% 38.10% 11.06%
Industrials 		8.14% 0.00% 24.37% 84.31%
Financial Services 		3.76% 0.00% 38.77% 97.06%
Utilities 		0.00% 0.00% 99.55% 92.58%
Real Estate 		0.00% 0.00% 65.01% 95.94%
Consumer Cyclical 		0.00% 0.00% 19.36% 98.60%

Stock Geographic Breakdown

Weighting Return Low Return High HDOGX % Rank
US 		70.62% 0.00% 103.09% 45.91%
Non US 		0.00% 0.00% 38.68% 38.83%

Bond Sector Breakdown

Weighting Return Low Return High HDOGX % Rank
Cash & Equivalents 		1.58% 0.00% 100.00% 40.92%
Derivative 		0.00% -3.07% 46.02% 41.05%
Securitized 		0.00% 0.00% 92.13% 88.83%
Corporate 		0.00% 0.00% 98.21% 96.51%
Municipal 		0.00% 0.00% 24.80% 69.41%
Government 		0.00% 0.00% 97.26% 94.13%

Bond Geographic Breakdown

Weighting Return Low Return High HDOGX % Rank
US 		70.91% 0.00% 77.27% 1.25%
Non US 		0.00% 0.00% 14.17% 26.63%

HDOGX - Expenses

Operational Fees

HDOGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 3.37% 0.03% 17.63% 2.90%
Management Fee 0.60% 0.00% 1.83% 71.17%
12b-1 Fee 0.15% 0.00% 1.00% 17.91%
Administrative Fee N/A 0.01% 0.83% 72.65%

Sales Fees

HDOGX 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

HDOGX 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.

HDOGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 343.00% 21.66%

HDOGX - Distributions

Dividend Yield Analysis

HDOGX Category Low Category High HDOGX % Rank
Dividend Yield 3.60% 0.00% 18.07% 23.45%

Dividend Distribution Analysis

HDOGX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

HDOGX Category Low Category High HDOGX % Rank
Net Income Ratio 1.52% -2.34% 19.41% 30.23%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HDOGX - Fund Manager Analysis

Managers

Neil Hennessy

Start Date

Tenure

Tenure Rank

Jul 29, 1998

23.85

23.9%

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 29, 2018

4.01

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 6.34 2.41

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