NOVATO, Calif., March 11, 2021 /PRNewswire/
-- Hennessy Funds today announced that the Hennessy
Large Cap Financial Fund (Institutional Class: HILFX) has received
the 2021 Refinitiv Lipper Fund Award (U.S.) for best-in-category
performance for the five-year period ended 11/30/20 among 22 Financial Services Funds. For
more than 30 years these highly respected awards have honored funds
and fund management firms that have excelled in providing
consistently strong risk-adjusted performance relative to their
peers.
The Hennessy Large Cap Financial Fund maintains a concentrated
portfolio and provides an opportunity to invest in a select group
of larger banks and financial services companies. The Fund is
managed by Dave Ellison, the most
tenured fund manager in the Financial Services sector, and by
Ryan C. Kelley, CFA.
"We are honored to receive this recognition from this
prestigious organization, and we are pleased to have delivered
strong results for our Fund shareholders," said Fund Manager
Dave Ellison. "We will continue to
look for opportunities among faster-growing fintech companies and
those financial services companies embracing technology, which make
up a significant portion of the current portfolio, to drive Fund
performance. We will also remain flexible and carefully evaluate
opportunities for traditional banks as the U.S. economic recovery
picks up steam," he added.
About Hennessy Funds
Hennessy Funds offers a wide
range of domestic equity, multi–asset, and sector and specialty
mutual funds. 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 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 Fund's 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.
Mutual fund investing involves risk; Principal loss is
possible. A non-diversified fund, one that may concentrate its
assets in fewer holdings than a diversified fund, is more exposed
to individual stock volatility than a diversified fund. Investments
are focused in the financial services industry; Sector funds may be
subject to a higher degree of market risk. The Fund invests in
medium sized companies, which may have limited liquidity and
greater volatility compared to larger companies.
A Lipper Fund Award is awarded to one fund in each Lipper
classification for achieving the strongest trend of consistent
risk-adjusted performance against its classification peers over a
three, five or ten-year period.
The Hennessy Funds are distributed by Quasar Distributors, LLC,
Distributor
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SOURCE Hennessy Advisors, Inc.