Hennessy Japan Fund
Name
As of 11/20/2024Price
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
Vitals
YTD Return
17.7%
1 yr return
24.0%
3 Yr Avg Return
-1.6%
5 Yr Avg Return
4.8%
Net Assets
$390 M
Holdings in Top 10
55.2%
52 WEEK LOW AND HIGH
$45.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.45%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 16.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
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
HJPIX - Profile
Distributions
- YTD Total Return 17.7%
- 3 Yr Annualized Total Return -1.6%
- 5 Yr Annualized Total Return 4.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.07%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameHennessy Japan Fund
-
Fund Family NameHennessy Funds Trust
-
Inception DateApr 15, 2005
-
Shares Outstanding10856832
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMasakazu Takeda
Fund Description
Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of Japanese companies. The Fund considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan. Investments primarily include common stocks. As a non-principal investment strategy, the Fund may also invest in preferred stocks, warrants and other rights, securities convertible into or exchangeable for common stocks, such as convertible bonds and investments in Japan real estate investment trusts or other investment companies (including exchange-traded funds, referred to as ETFs) that invest in equity securities of Japanese companies. The Fund invests in companies regardless of market capitalization. As of January 31, 2024, the average market capitalization of the stocks held by the Fund was $49.12 billion.
While the Fund is considered a diversified mutual fund, it employs a relatively concentrated investment strategy and may hold securities of fewer issuers than other diversified funds.
Using in-depth analysis and on-site research, the Portfolio Managers focus on stocks with a potential “value gap” by screening for companies that they identify as having strong businesses and management, trading at attractive prices. The Portfolio Managers limit the portfolio to what they consider to be their best ideas and maintain a concentrated number of holdings. The Portfolio Managers typically sell an investment when the reasons for buying it no longer apply, such as when they determine that a company’s prospects have changed, that a company’s stock is fully valued by the market, or that the company is beginning to show deteriorating fundamentals. They also may sell an investment if it becomes, in their determination, too large of a position in the Fund.
HJPIX - Performance
Return Ranking - Trailing
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.7% | -1.8% | 25.3% | 13.16% |
| 1 Yr | 24.0% | 4.3% | 24.8% | 5.26% |
| 3 Yr | -1.6%* | -13.6% | 23.7% | 62.16% |
| 5 Yr | 4.8%* | -5.3% | 18.5% | 36.36% |
| 10 Yr | 8.6%* | 0.5% | 11.4% | 20.83% |
* Annualized
Return Ranking - Calendar
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.2% | 0.0% | 36.8% | 44.74% |
| 2022 | -30.4% | -34.0% | 2.8% | 78.38% |
| 2021 | -4.2% | -15.7% | 14.9% | 44.12% |
| 2020 | 26.0% | -6.2% | 31.2% | 9.09% |
| 2019 | 18.0% | 4.7% | 24.4% | 43.75% |
Total Return Ranking - Trailing
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 17.7% | -1.8% | 25.3% | 13.16% |
| 1 Yr | 24.0% | 4.3% | 24.8% | 5.26% |
| 3 Yr | -1.6%* | -13.6% | 23.7% | 62.16% |
| 5 Yr | 4.8%* | -5.3% | 18.5% | 36.36% |
| 10 Yr | 8.6%* | 0.5% | 11.4% | 20.83% |
* Annualized
Total Return Ranking - Calendar
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 23.3% | 2.0% | 42.0% | 18.42% |
| 2022 | -30.4% | -32.8% | 5.9% | 94.59% |
| 2021 | -2.7% | -15.1% | 18.0% | 76.47% |
| 2020 | 26.0% | -3.2% | 34.7% | 15.15% |
| 2019 | 18.5% | 7.7% | 26.7% | 78.13% |
NAV & Total Return History
HJPIX - Holdings
Concentration Analysis
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 390 M | 5.91 M | 16.7 B | 42.11% |
| Number of Holdings | 28 | 27 | 1791 | 97.37% |
| Net Assets in Top 10 | 233 M | 2.5 M | 4.17 B | 39.47% |
| Weighting of Top 10 | 55.20% | 3.5% | 141.4% | 7.89% |
Top 10 Holdings
- Hitachi Ltd 7.11%
- Recruit Holdings Co Ltd 6.39%
- Mitsubishi Corp 5.72%
- Shin-Etsu Chemical Co Ltd 5.45%
- Tokio Marine Holdings Inc 5.39%
- ORIX Corp 5.36%
- Seven i Holdings Co Ltd 5.30%
- Mitsubishi UFJ Financial Group Inc 4.96%
- Tokyo Electron Ltd 4.84%
- Sony Group Corp 4.70%
Asset Allocation
| Weighting | Return Low | Return High | HJPIX % Rank | |
|---|---|---|---|---|
| Stocks | 97.80% | 94.34% | 102.16% | 81.58% |
| Cash | 2.20% | 0.02% | 38.84% | 31.58% |
| Preferred Stocks | 0.00% | 0.00% | 0.67% | 97.37% |
| Other | 0.00% | -2.22% | 2.68% | 86.84% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 97.37% |
| Bonds | 0.00% | 0.00% | 3.97% | 97.37% |
HJPIX - Expenses
Operational Fees
| HJPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.45% | 0.09% | 3.46% | 13.16% |
| Management Fee | 0.80% | 0.09% | 0.90% | 81.58% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.15% | 0.20% | 43.75% |
Sales Fees
| HJPIX 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% | 1.00% | N/A |
Trading Fees
| HJPIX 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.
| HJPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 16.00% | 2.95% | 70.30% | 33.33% |
HJPIX - Distributions
Dividend Yield Analysis
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 21.26% | 100.00% |
Dividend Distribution Analysis
| HJPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.07% | -0.63% | 2.45% | 86.84% |
Capital Gain Distribution Analysis
| HJPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 07, 2023 | $2.264 | CapitalGainLongTerm |
| Dec 29, 2021 | $0.739 | OrdinaryDividend |
| Dec 29, 2020 | $0.003 | OrdinaryDividend |
| Dec 27, 2019 | $0.159 | OrdinaryDividend |
| Dec 06, 2019 | $0.029 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.106 | OrdinaryDividend |
| Dec 27, 2017 | $0.029 | OrdinaryDividend |
| Dec 31, 2012 | $0.014 | OrdinaryDividend |
| Dec 29, 2009 | $0.024 | OrdinaryDividend |
HJPIX - Fund Manager Analysis
Managers
Masakazu Takeda
Start Date
Tenure
Tenure Rank
Nov 01, 2006
15.59
15.6%
Masakazu Takeda gained a bachelor’s degree from International Christian University (Tokyo) in 1996. He is currently the lead portfolio manager of the Japan Focus All Cap strategy at SPARX Asset Management in Tokyo, a role he has held since 2006. Before joining SPARX in 1999, he held different roles at Long Term Credit Bank (currently Shinsei Bank). He has 20 years of investment and financial market experience and is a CFA Charterholder.
Yu Shimizu
Start Date
Tenure
Tenure Rank
Jan 31, 2012
10.34
10.3%
Yu Shimizu gained a bachelor’s degree in Law from Keio University (Tokyo) in 1998. He is currently the lead portfolio manager of the Japan Sustainable Equity strategy at SPARX Asset Management in Tokyo, a role he has held since 2012. Before joining SPARX in 2005, he was working as an analyst at UFJ Partners Asset Management (currently Mitsubishi UFJ Asset Management) and prior to that as an analyst at Yasuda Capital Management (currently Yasuda Asset Management).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 24.43 | 7.11 | 8.25 |