Hennessy Funds (11) 367 Familes, 1004 Interview Based Profiles

Hennessy Large Cap Financial Fund

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.

$54 million

Hennessy Equity and Income Fund

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. 

$277 million

Hennessy Gas Utility Fund

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. 

$1.4 billion

Hennessy Cornerstone Mid Cap 30 Fund

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. 

Hennessy Gas Utility Index Fund

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

January 24, 2013

Hennessy Cornerstone Mid Cap 30 Fund

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

February 27, 2011

Westport Select Cap Fund

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.

Rainier Mid Cap Equity Fund

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.

Hennessy Focus 30 Fund

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

September 27, 2007

Westport Fund

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.

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