NOVATO, Calif., Sept. 26, 2014 /PRNewswire/ --
Hennessy Advisors, Inc. (NASDAQ:HNNA) is pleased to
announce that its family of Hennessy mutual funds has recently
received national recognition by several leading financial services
companies. Recent accolades for the Hennessy Funds include:
- Cornerstone Mid Cap 30, Japan,
Japan Small Cap and Gas Utility Index Funds each ranked among the
best performers in their categories in the 2014 Kiplinger's Annual Mutual Fund
Winners1 published in the
September 2014 issue.
- Gas Utility Index, Focus, Equity and Income, Small Cap
Financial and Large Cap Financial Funds were named to the list of
Fund Picks From
Fidelity®2.
- Large Cap Financial Fund was named to the Schwab Q3 2014 Mutual Fund OneSource Select
List®3.
- Seven Hennessy Funds have earned a 4 or
5-Star Overall Morningstar Rating as of August 31, 20144.
"We understand that investors have thousands of mutual funds to
choose from, so we are proud to be ranked so highly and to be
included on a number of recommended lists alongside some of the
industry's largest and most recognizable fund companies," said
Neil Hennessy, President and Chief
Investment Officer. "We are disciplined, process-oriented
investment managers, and we remain steadfast in our goal to deliver
above average performance over time and do so without undue risk,"
added Mr. Hennessy.
About Hennessy Funds
Hennessy Funds offers a wide range of domestic equity, sector,
specialty, balanced and fixed income investment products. Hennessy
is committed to its consistent and repeatable investment process,
combining time-tested stock selection strategies with a highly
disciplined, team-managed approach and to providing superior
service to shareholders.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. This and other
important information can be found in the Funds' summary and
statutory prospectuses. To obtain a free prospectus, please call
800.966.4354 or visit hennessyfunds.com. Please read the prospectus
carefully before investing. Please see important
disclosures on reverse.
Mutual fund investing involves risk. Principal loss is
possible. Small and medium-capitalization companies tend to have
more limited liquidity and greater price volatility than
large-capitalization companies. Investments in foreign securities
may involve greater volatility and political, economic and currency
risk and differences in accounting methods. A non-diversified fund,
one that may concentrate its assets in fewer individual holdings
than a diversified fund, is more exposed to individual stock
volatility than a diversified fund. A fund that concentrates its
investments within one or a small group of industries may be more
volatile than a fund that invests in a broader range of industries.
Real estate values (and the values of real estate-related
securities) fluctuate with changes in general and local economic
conditions and are particularly sensitive to economic downturns.
IPO shares are subject to market risk and liquidity risk. The
yields and principal values of debt securities will also fluctuate.
Generally, values of debt securities change inversely with interest
rates. Some Funds may invest a portion of its assets in lower
rated, high-yielding bonds (commonly known as "junk bonds").
Mortgage- and asset-backed securities are subject to prepayment
risk, which is the risk that the borrower will prepay some or all
of the principal owed to the issuer.
1 As of 6/30/14, the following funds made Kiplinger's
Top Performing Mutual Funds List: Hennessy Cornerstone Mid Cap 30
Fund was #1 in the midsize company stock fund category for 10 years
out of 255 funds, Hennessy Japan Small Cap Fund was #1 and Hennessy
Japan Fund was #10 in the regional and single country fund category
for 3 years out of 106 funds, Hennessy Gas Utilities Index Fund was
#7 in the sector fund category for 10 years out of 236 funds. The
funds above did not qualify for other time periods. Returns are
annualized as of 6/30/14 and rankings
show the top-performing mutual funds over various periods in 11
categories. Lists only include funds with modest minimum investment
requirements and excludes leveraged index funds.
2 The funds on the Fund Picks From Fidelity® list are
selected based on certain selection criteria. Fund Picks From
Fidelity is not a personalized recommendation or endorsement of any
fund for an investor's individual circumstances.
3 The Schwab Mutual Fund OneSource Select List® is
provided by Schwab on a quarterly basis. All mutual funds on the
list have been rigorously screened and have no loads or transaction
fees. While the funds are no-load, management fees and other
expenses will apply. Please refer to the prospectus for further
details. Charles Schwab & Co.,
Inc., member SIPC, receives remuneration from fund companies
participating in the Mutual Fund OneSource service for
recordkeeping and shareholder services and other administrative
services. Schwab also may receive remuneration from transaction fee
fund companies for certain administrative services.
4 Morningstar Proprietary Ratings reflect
risk-adjusted performance as of 8/31/14. For each fund with at
least a three year history, Morningstar calculates a Morningstar
Rating™ based on a Morningstar risk-adjusted return measure that
accounts for variation in a fund's monthly performance placing more
emphasis on downward variations and rewarding consistent
performance. The top 10% of funds in each category receive 5 stars,
the next 22.5% receive 4 stars, the next 35% receive 3 stars, the
next 22.5% receive 2 stars and the bottom 10% receive 1 star. Each
share class is counted as a fraction of one fund within this scale
and rated separately, which may cause slight variations in
distribution percentage. As of 8/31/14, Hennessy Focus Fund
received 4 stars for the Overall, 5 stars for the three-year, 4
stars for the five-year and 4 stars for the ten-year periods among
642, 642, 582 and 424 Mid-Cap Growth Funds, respectively. Hennessy
Cornerstone Mid Cap 30 Fund received 5 stars for the Overall, 4
stars for the three-year, 5 stars for the five-year and 5 stars for
the ten-year periods among 317, 317, 299 and 182 Mid-Cap Blend
Funds, respectively. Hennessy Cornerstone Large Growth Fund
received 4 stars for the Overall, 3 stars for the three-year and 5
stars for the five-year periods among 1339, 1339 and 1203 Large
Blend Funds, respectively. Hennessy Equity and Income Fund received
4 stars for the Overall, 3 stars for the three-year, 4 stars for
the five-year and 5 stars for the ten-year periods among 739, 739,
653 and 423 Moderate Allocation Funds, respectively. Hennessy Gas
Utility Index Fund received 5 stars for the Overall, 4 stars for
the three-year, 5 stars for the five-year and 5 stars for the
ten-year periods among 62, 62, 58 and 47 Utilities Funds,
respectively. Hennessy Japan Fund received 4 stars for the Overall,
4 stars for the three-year, 5 stars for the five-year and 4 stars
for the ten-year periods among 27, 27, 20 and 9 Japan Stock Funds,
respectively. Hennessy Japan Small Cap Fund received 4 stars for
the Overall, 5 stars for the three-year and 4 stars for the
five-year periods among 27, 27 and 20 Japan Stock Funds,
respectively. ©Morningstar, Inc. All Rights Reserved. Past
performance does not guarantee future results.
The Hennessy Funds are distributed by Quasar
Distributors, LLC, Distributor.
Available Topic Expert(s): For information on the
listed expert(s), click appropriate link.
Neil J. Hennessy
http://www.profnetconnect.com/neil_hennessy
SOURCE Hennessy Advisors, Inc.