Hennessy Funds(11)

Natural Gas, Natural Advantage

Hennessy Gas Utility Index Fund

Oct 18, 2014

Natural gas is the cleanest of all fossil fuels (vs. coal and oil) and is the fuel of choice for residential heating, cooking and base loaded electricity generation. With ample supplies and stable prices, investment capital is being spent on developing new uses for natural gas that should result in increased demand.

Mid Cap Tigers

Hennessy Cornerstone Mid Cap 30 Fund

US> Multi-Cap > Value

Jan 24, 2013

Not as widely followed by research teams on Wall Street, mid-cap companies tend to have stronger balance sheets than small-cap names while growing at a faster pace than their large-cap counterparts. Brian E. Peery, co-portfolio manager of the Hennessy Cornerstone Mid Cap 30 Fund, explores the combination of nimbleness and resources in this frequently overlooked market segment.

Profitable Events

Westport Select Cap Fund

GL

Feb 27, 2011

Even the gloomiest and most discouraging events can be beneficial for prepared minds. A sharp fall in stock price, a change in a business mix, or a series of small acquisitions may offer an excellent opportunity for long-term investors. Andrew Knuth and Edmund Nicklin, portfolio managers of the Westport Select Fund, like to seek out opportunities that the market tends to shun.

Thorough Mid Cap Selection

Rainier Mid Cap Equity Fund

US> Business/Financial Services >

Aug 06, 2010

Mid-cap companies possess the appealing blend of growth opportunities inherent in smaller companies and financial stability associated with large-cap companies. Mark Dawson and the equity team at Rainier follow a disciplined approach to find companies in this space with stable and rising earnings to generate healthy returns.

Quantitative and Disciplined Focus

Hennessy Focus 30 Fund

US

Dec 02, 2008

Formula-driven, transparent, and disciplined, the Hennessy Focus 30 Fund, employs a strict quantitative formula to select 30 stocks each year. The fund marries value with momentum, combining low price to sales with earnings and stock price appreciation. However, according to the co-manager Frank Ingarra, the key factor for the fund’s success is its unemotional and disciplined approach towards investing.

Margin of Safety

Westport Fund

US> Large-Cap > Growth

Sep 27, 2007

In today’s markets, forward-looking business analysis can reward an equity investor. The investment approach of Westport fund manager Edmund H. Nicklin, Jr. depends on the dynamics of an event-driven, earnings-focused strategy to identify companies that are selling at an attractive discount relative to their potential within a two-year investment horizon. The “event” is responsible for creating either the valuation discount or the catalyst to remove an existing discount.

An Old Dog Gets New Life

Hennessy Total Return Fund

US> MLPs >

Jun 30, 2003

Suddenly dividends are in vogue again, and Neil Hennessy's formulaic investment approach fits right in with the renewed focus on dividend paying stocks. His Total Return Fund is based on a proven theory known as 'Dogs of the Dow' that invests in the 10 highest yielding Dow 30 components. Year to-date, the fund is tracking the staid old index – without the associated transaction costs.

Seeking Lower Volatility Through a Better Upside/Downside Ratio

Hennessy Equity and Income Fund

US> Small-Cap > Growth

Jul 13, 2017

Combining stocks and bonds offers investors the potential to capture most of the upside while limiting the downside of volatile stock markets. Mark DeVaul and Gary Cloud, portfolio managers of the Hennessy Equity and Income Fund, focus on investing in quality dividend-paying stocks and investment-grade corporate bonds with the objective to generate alpha along with the benefit of downside protection. 

Rise and Rise of Natural Gas Distributors

Hennessy Gas Utility Fund

US> Small-Cap > Growth

Mar 23, 2017

In the last decade as a result of abundant supplies, low and stable pricing and environmental benefits, natural gas has steadily replaced coal as the preferred fuel for generating electricity. Skip Aylesworth and Ryan Kelley explain how the Hennessy Gas Utility Fund invests in gas distribution companies that are benefiting from the surge in natural gas consumption and transportation. 

Selecting Mid Cap Growers by Numbers

Hennessy Cornerstone Mid Cap 30 Fund

US> Multi-Cap > Value

Feb 28, 2015

Mid-cap companies typically offer stronger balance sheets than small-cap companies and better growth profiles than large-cap names. Brian E. Peery, Portfolio Manager of the Hennessy Cornerstone Mid Cap 30 Fund, and his team strictly follow a quantitative process for selecting only 30 companies from a mid-cap universe of approximately 1,600 companies to offer a diversified portfolio that is concentrated enough to outperform. 

Investing in Financials with the Goal of Downside Protection

Hennessy Large Cap Financial Fund

US

Mar 09, 2018

As a result of the 2008 financial crisis, investors are still cautious about banking stocks. However, for Dave Ellison and Ryan Kelley, co-managers of the Hennessy Large Cap Financial Fund, the financial world provides plenty of opportunities. Running a concentrated portfolio, they focus on choosing the companies with the right business models, repeatable earnings, and management teams with the ability to withstand the storms in the credit and interest rate cycles.