Hennessy Japan Institutional
- HJPIX
- Price as of: Jan 22, 2021
-
$50.87
N/A N/A
- Primary Theme
- Japan Equity
- Fund Company
- Hennessy
- Share Class
HJPIX - Snapshot
Vitals
- YTD Return 1.9%
- 3 Yr Annualized Return 11.9%
- 5 Yr Annualized Return 15.7%
- Net Assets $890 M
- Holdings in Top 10 58.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.04%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 23.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $250,000
- IRA N/A
Fund Classification
-
Primary Theme
Japan Equity
- Fund Type Open End Mutual Fund
- Investment Style Japan Stock
HJPIX - Profile
Distributions
- YTD Total Return 1.9%
- 3 Yr Annualized Total Return 11.9%
- 5 Yr Annualized Total Return 15.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.04%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameHennessy Japan Fund
-
Fund Family NameHennessy
-
Inception DateOct 31, 2003
-
Shares Outstanding14322424
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMasakazu Takeda
Fund Description
The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of Japanese companies. The fund's manager 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. While it is considered a "diversified" mutual fund, it employs a relatively concentrated investment strategy and may hold securities of fewer issuers than other diversified funds.
HJPIX - Performance
Return Ranking - Trailing
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.9% | -0.2% | 3.6% | 67.39% |
| 1 Yr | 26.0% | -4.6% | 34.7% | 13.33% |
| 3 Yr | 11.9%* | -3.2% | 14.5% | 7.89% |
| 5 Yr | 15.7%* | 3.4% | 17.2% | 8.82% |
| 10 Yr | 13.6%* | 3.9% | 13.6% | 3.85% |
* Annualized
Return Ranking - Calendar
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 26.0% | -6.2% | 31.2% | 6.67% |
| 2019 | 18.0% | 4.7% | 24.4% | 51.16% |
| 2018 | -6.5% | -32.8% | -6.5% | 2.70% |
| 2017 | 32.5% | 15.8% | 46.8% | 9.38% |
| 2016 | 11.7% | -3.0% | 303.1% | 6.45% |
Total Return Ranking - Trailing
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.9% | -0.2% | 3.6% | 67.39% |
| 1 Yr | 26.0% | -4.6% | 34.7% | 13.33% |
| 3 Yr | 11.9%* | -3.2% | 14.5% | 7.89% |
| 5 Yr | 15.7%* | 3.4% | 17.2% | 8.82% |
| 10 Yr | 13.6%* | 3.9% | 13.6% | 3.85% |
* Annualized
Total Return Ranking - Calendar
| Period | HJPIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 26.0% | -6.2% | 31.2% | 6.67% |
| 2019 | 18.0% | 4.7% | 24.4% | 51.16% |
| 2018 | -6.5% | -32.8% | -6.5% | 2.70% |
| 2017 | 32.6% | 15.8% | 50.3% | 21.88% |
| 2016 | 11.7% | -3.0% | 11.7% | 3.23% |
NAV & Total Return History
HJPIX - Holdings
Concentration Analysis
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Net Assets | 890 M | 2.77 M | 13.5 B | 32.61% |
| Number of Holdings | 26 | 26 | 1725 | 100.00% |
| Net Assets in Top 10 | 402 M | 360 K | 2.93 B | 20.00% |
| Weighting of Top 10 | 57.97% | 3.6% | 58.0% | 4.44% |
Top 10 Holdings
- Keyence Corp 6.94%
- Keyence Corp 6.94%
- Keyence Corp 6.94%
- Keyence Corp 6.94%
- Keyence Corp 6.94%
- Keyence Corp 6.94%
- Keyence Corp 6.94%
- Keyence Corp 6.94%
- Keyence Corp 6.94%
- Keyence Corp 6.94%
Asset Allocation
| Weighting | Return Low | Return High | HJPIX % Rank | |
|---|---|---|---|---|
| Stocks | 97.49% | 93.88% | 100.38% | 84.44% |
| Cash | 2.51% | -0.38% | 6.12% | 22.22% |
| Preferred Stocks | 0.00% | 0.00% | 0.00% | 75.56% |
| Other | 0.00% | 0.00% | 0.00% | 75.56% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 75.56% |
| Bonds | 0.00% | -2.26% | 0.08% | 75.56% |
HJPIX - Expenses
Operational Fees
| HJPIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.04% | 0.09% | 11.67% | 37.78% |
| Management Fee | 0.80% | 0.09% | 1.15% | 91.30% |
| 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 | 23.00% | 3.00% | 127.00% | 61.36% |
HJPIX - Distributions
Dividend Yield Analysis
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 2.42% | 80.43% |
Dividend Distribution Analysis
| HJPIX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Semi-Annually |
Net Income Ratio Analysis
| HJPIX | Category Low | Category High | HJPIX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.04% | -0.62% | 2.98% | 91.11% |
Capital Gain Distribution Analysis
| HJPIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 27, 2018 | $0.106 |
| Dec 27, 2017 | $0.029 |
| Dec 31, 2012 | $0.014 |
| Dec 29, 2009 | $0.024 |
HJPIX - Fund Manager Analysis
Managers
Masakazu Takeda
Start Date
Tenure
Tenure Rank
Nov 01, 2006
14.18
14.2%
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
8.92
8.9%
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 |
|---|---|---|---|
| 0.17 | 23.02 | 5.24 | 1.83 |