HJPIX: Hennessy Japan Institutional

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HJPIX Hennessy Japan Institutional


Profile

HJPIX - Profile

Vitals

  • YTD Return -0.7%
  • 3 Yr Annualized Return 8.3%
  • 5 Yr Annualized Return 10.3%
  • Net Assets $597 M
  • Holdings in Top 10 57.8%

52 WEEK LOW AND HIGH

$39.22
$28.86
$39.81

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.03%

SALES FEES

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

BROKERAGE FEES

  • Turnover 9.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Japan Stock

Distributions

  • YTD Total Return -0.7%
  • 3 Yr Annualized Total Return 8.3%
  • 5 Yr Annualized Total Return 10.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.59%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Hennessy Japan Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    Oct 31, 2003
  • Shares Outstanding
    15021760
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Masakazu 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.


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Categories

Performance

HJPIX - Performance

Return Ranking - Trailing

Period HJPIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -65.3% 2.3% 30.30%
1 Yr 10.9% -72.0% 22.9% 27.27%
3 Yr 8.3%* -35.1% 8.3% 3.70%
5 Yr 10.3%* -23.1% 10.3% 5.26%
10 Yr 13.0%* -11.7% 13.0% 8.33%

* Annualized

Return Ranking - Calendar

Period HJPIX Return Category Return Low Category Return High Rank in Category (%)
2019 18.0% -13.1% 24.4% 75.76%
2018 -6.5% -32.8% -6.5% 3.57%
2017 32.5% 19.7% 46.8% 12.00%
2016 11.7% -2.5% 11.7% 4.00%
2015 13.2% 3.3% 20.9% 21.05%

Total Return Ranking - Trailing

Period HJPIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.7% -65.3% 2.3% 30.30%
1 Yr 10.9% -72.0% 22.9% 27.27%
3 Yr 8.3%* -32.9% 8.3% 3.70%
5 Yr 10.3%* -20.1% 10.3% 5.26%
10 Yr 13.1%* -8.7% 13.1% 8.33%

* Annualized

Total Return Ranking - Calendar

Period HJPIX Return Category Return Low Category Return High Rank in Category (%)
2019 18.0% -13.1% 24.4% 75.76%
2018 -6.5% -32.8% -6.5% 3.57%
2017 32.6% 19.7% 50.3% 28.00%
2016 11.7% -1.5% 11.7% 4.00%
2015 13.2% 3.3% 20.9% 31.58%

NAV & Total Return History


Holdings

HJPIX - Holdings

Concentration Analysis

HJPIX Category Low Category High HJPIX % Rank
Net Assets 597 M 1.74 M 1.69 B 36.36%
Number of Holdings 26 26 1764 100.00%
Net Assets in Top 10 331 M 651 K 729 M 12.12%
Weighting of Top 10 57.76% 3.2% 57.8% 6.06%

Top 10 Holdings

  1. Unicharm Corp 6.52%
  2. Terumo Corp 6.25%
  3. Kao Corp 6.21%
  4. Keyence Corp 5.89%
  5. Rohto Pharmaceutical Co Ltd 5.83%
  6. Daikin Industries Ltd 5.82%
  7. Shimano Inc 5.66%
  8. Sony Corp 5.49%
  9. Recruit Holdings Co Ltd 5.08%
  10. MISUMI Group Inc 5.00%

Asset Allocation

Weighting Return Low Return High HJPIX % Rank
Stocks
99.15% 95.19% 105.47% 48.48%
Cash
0.85% -5.48% 4.81% 57.58%
Preferred Stocks
0.00% 0.00% 0.00% 39.39%
Other
0.00% 0.00% 0.00% 39.39%
Convertible Bonds
0.00% 0.00% 0.00% 39.39%
Bonds
0.00% 0.00% 0.00% 39.39%

Expenses

HJPIX - Expenses

Operational Fees

HJPIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.03% 0.65% 15.26% 66.67%
Management Fee 0.80% 0.57% 1.15% 81.82%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.10% 0.25% 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 9.00% 4.00% 82.00% 13.79%

Distributions

HJPIX - Distributions

Dividend Yield Analysis

HJPIX Category Low Category High HJPIX % Rank
Dividend Yield 0.00% 0.00% 1.05% 51.52%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

HJPIX Category Low Category High HJPIX % Rank
Net Income Ratio 0.59% -0.33% 1.91% 57.58%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

HJPIX - Fund Manager Analysis

Managers

Masakazu Takeda


Start Date

Tenure

Tenure Rank

Nov 01, 2006

13.5

13.5%

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

8.25

8.3%

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
0.17 22.35 5.68 1.63