HFCSX: Hennessy Focus Investor

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HFCSX Hennessy Focus Investor


Profile

HFCSX - Profile

Vitals

  • YTD Return -3.9%
  • 3 Yr Annualized Return -2.6%
  • 5 Yr Annualized Return 2.5%
  • Net Assets $1.26 B
  • Holdings in Top 10 80.8%

52 WEEK LOW AND HIGH

$76.35
$45.15
$89.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.47%

SALES FEES

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

BROKERAGE FEES

  • Turnover 2.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return -3.9%
  • 3 Yr Annualized Total Return -2.6%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.67%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Hennessy Focus Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    Jan 03, 1997
  • Shares Outstanding
    9923474
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Rainey

Fund Description

The fund invests primarily in domestic companies listed on U.S. national securities exchanges. It may also invest in (i) foreign companies listed on U.S. national securities exchanges, (ii) foreign companies through American Depositary Receipts or other types of depositary receipts, which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges and, (iii) foreign companies traded on foreign exchanges. The fund is non-diversified.


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Categories

Performance

HFCSX - Performance

Return Ranking - Trailing

Period HFCSX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -23.6% 1956.6% 92.16%
1 Yr -8.3% -67.2% 2025.0% 90.84%
3 Yr -2.6%* -45.6% 181.0% 82.33%
5 Yr 2.5%* -31.6% 94.6% 62.89%
10 Yr N/A* -13.4% 21.8% 16.10%

* Annualized

Return Ranking - Calendar

Period HFCSX Return Category Return Low Category Return High Rank in Category (%)
2019 21.9% -50.2% 44.9% 64.71%
2018 -26.2% -51.7% 5.6% 88.55%
2017 19.3% -21.1% 34.8% 33.20%
2016 7.2% -61.7% 40.3% 18.72%
2015 2.7% -54.0% 12.2% 3.22%

Total Return Ranking - Trailing

Period HFCSX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.9% -23.6% 1956.6% 92.16%
1 Yr -8.3% -67.2% 2025.0% 90.84%
3 Yr -2.6%* -41.3% 181.0% 90.87%
5 Yr 2.6%* -24.6% 94.6% 89.33%
10 Yr N/A* -11.2% 21.9% 24.68%

* Annualized

Total Return Ranking - Calendar

Period HFCSX Return Category Return Low Category Return High Rank in Category (%)
2019 21.9% -50.2% 44.9% 64.71%
2018 -26.2% -51.7% 12.2% 94.85%
2017 19.3% -7.0% 39.4% 75.15%
2016 7.2% -61.7% 40.3% 26.43%
2015 2.9% -54.0% 12.2% 18.39%

NAV & Total Return History


Holdings

HFCSX - Holdings

Concentration Analysis

HFCSX Category Low Category High HFCSX % Rank
Net Assets 1.26 B 899 K 34.4 B 47.89%
Number of Holdings 19 16 2584 99.47%
Net Assets in Top 10 973 M 192 K 7.15 B 23.24%
Weighting of Top 10 80.80% 6.9% 96.0% 2.64%

Top 10 Holdings

  1. O'Reilly Automotive Inc 9.62%
  2. American Tower Corp 9.53%
  3. Brookfield Asset Management Inc Class A 9.40%
  4. CarMax Inc 9.18%
  5. Markel Corp 8.65%
  6. Encore Capital Group Inc 8.52%
  7. American Woodmark Corp 7.91%
  8. Aon PLC 7.42%
  9. NVR Inc 5.41%
  10. Ashtead Group PLC 5.15%

Asset Allocation

Weighting Return Low Return High HFCSX % Rank
Stocks
98.51% 82.46% 117.39% 51.58%
Cash
1.48% -22.20% 17.54% 49.30%
Preferred Stocks
0.00% 0.00% 1.64% 63.56%
Other
0.00% -12.49% 4.82% 62.85%
Convertible Bonds
0.00% 0.00% 0.12% 61.80%
Bonds
0.00% 0.00% 2.13% 63.20%

Stock Sector Breakdown

Weighting Return Low Return High HFCSX % Rank
Financial Services
38.56% 0.00% 38.56% 0.35%
Consumer Cyclical
34.80% 0.35% 58.93% 1.41%
Industrials
11.94% 0.00% 35.43% 72.36%
Real Estate
9.67% 0.00% 17.76% 5.63%
Technology
5.03% 0.00% 58.99% 99.30%
Utilities
0.00% 0.00% 6.18% 69.19%
Healthcare
0.00% 0.00% 40.78% 99.65%
Energy
0.00% 0.00% 47.75% 77.11%
Communication Services
0.00% 0.00% 23.90% 96.48%
Consumer Defense
0.00% 0.00% 16.42% 94.54%
Basic Materials
0.00% 0.00% 18.77% 87.32%

Stock Geographic Breakdown

Weighting Return Low Return High HFCSX % Rank
US
83.96% 81.17% 107.56% 93.84%
Non US
14.55% 0.00% 17.06% 2.64%

Expenses

HFCSX - Expenses

Operational Fees

HFCSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.47% 0.05% 27.43% 28.60%
Management Fee 0.90% 0.00% 1.50% 87.65%
12b-1 Fee 0.15% 0.00% 1.00% 22.81%
Administrative Fee N/A 0.01% 0.40% 63.04%

Sales Fees

HFCSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HFCSX 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.

HFCSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 2.00% 1.93% 385.00% 1.43%

Distributions

HFCSX - Distributions

Dividend Yield Analysis

HFCSX Category Low Category High HFCSX % Rank
Dividend Yield 0.00% 0.00% 38.05% 62.32%

Dividend Distribution Analysis

HFCSX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

HFCSX Category Low Category High HFCSX % Rank
Net Income Ratio -0.67% -2.56% 1.52% 75.04%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

HFCSX - Fund Manager Analysis

Managers

David Rainey


Start Date

Tenure

Tenure Rank

Aug 22, 2009

11.03

11.0%

David Rainey co-founded Broad Run Investment Management, LLC in 2012. Prior to that, Mr. Rainey served as a Portfolio Manager at FBR Asset Management (“FBR”), which he joined in 2009. Prior to joining FBR, Mr. Rainey was with Akre Capital Management (“ACM”) since 1998. During his time at ACM, he served in various roles including Senior Research Analyst, Separate Account co-Portfolio Manager, and CCO. Prior to joining ACM, Mr. Rainey held investment and analysis positions with the Federal National Mortgage Association (“Fannie Mae”), the Student Loan Marketing Association (“Sallie Mae”) and with Wheat First Securities. Mr. Rainey holds a BS in Commerce from the University of Virginia and an MBA from Duke University.

Ira Rothberg


Start Date

Tenure

Tenure Rank

Aug 22, 2009

11.03

11.0%

Ira Rothberg co-founded Broad Run Investment Management, LLC in 2012. Prior to that, Mr. Rothberg served as a Portfolio Manager at FBR Asset Management (“FBR”), which he joined in 2009. Prior to joining FBR, Mr. Rothberg served as an Analyst at Akre Capital Management (“ACM”), which he joined in November 2004. Prior to joining ACM, Mr. Rothberg was an Analyst at Ramsey Asset Management. Mr. Rothberg holds a BS in Finance and Accounting and a BA in Economics from the University of Maryland.

Brian Macauley


Start Date

Tenure

Tenure Rank

Aug 22, 2009

11.03

11.0%

Brian Macauley co-founded Broad Run Investment Management, LLC in 2012. Prior to that, Mr. Macauley served as a Portfolio Manager at FBR Asset Management (“FBR”), which he joined in 2009. Prior to joining FBR, Mr. Macauley served as an Analyst at Akre Capital Management (“ACM”), which he joined in May 2003. Prior to joining ACM, Mr. Macauley held research analyst positions with Credit Suisse First Boston and Wheat First Union. Mr. Macauley holds a BS in Commerce from the University of Virginia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 33.68 8.29 0.5