GASFX: Hennessy Gas Utility Investor

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GASFX Hennessy Gas Utility Investor


Profile

GASFX - Profile

Vitals

  • YTD Return -13.6%
  • 3 Yr Annualized Return -6.8%
  • 5 Yr Annualized Return -2.7%
  • Net Assets $600 M
  • Holdings in Top 10 50.0%

52 WEEK LOW AND HIGH

$24.73
$18.85
$30.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

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

BROKERAGE FEES

  • Turnover 12.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $250

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Utilities

Distributions

  • YTD Total Return -13.6%
  • 3 Yr Annualized Total Return -2.9%
  • 5 Yr Annualized Total Return 1.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.98%
DIVIDENDS
  • Dividend Yield 7.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hennessy Gas Utility Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    May 10, 1989
  • Shares Outstanding
    22064578
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Ryan Kelley

Fund Description

The advisor intends to provide investment results that replicate the performance of the American Gas Association Stock Index. The index is maintained by the American Gas Association, a national trade association of natural gas distribution companies, and is licensed exclusively to the Manager for use as an investment strategy. The advisor intends to invest at least 85% of its net assets in the common stock of companies that have natural gas distribution and transmission operations and no attempt is made to actively manage the fund's portfolio by using economic, financial, or market analysis.


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Categories

Performance

GASFX - Performance

Return Ranking - Trailing

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.6% -22.4% 0.0% 80.77%
1 Yr -14.3% -23.3% 19.3% 88.46%
3 Yr -6.8%* -13.1% 9.4% 83.67%
5 Yr -2.7%* -9.2% 6.9% 85.42%
10 Yr 3.9%* -8.7% 7.3% 64.29%

* Annualized

Return Ranking - Calendar

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
2019 12.5% 1.6% 26.2% 80.77%
2018 -13.6% -18.9% 4.1% 89.80%
2017 4.0% -6.4% 13.4% 79.17%
2016 16.5% -0.4% 16.5% 2.08%
2015 -20.3% -27.8% -8.3% 68.09%

Total Return Ranking - Trailing

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.6% -22.4% 0.0% 80.77%
1 Yr -14.3% -23.3% 19.3% 88.46%
3 Yr -2.9%* -11.7% 10.7% 81.63%
5 Yr 1.6%* -8.7% 8.3% 81.25%
10 Yr 8.2%* -2.2% 10.7% 54.76%

* Annualized

Total Return Ranking - Calendar

Period GASFX Return Category Return Low Category Return High Rank in Category (%)
2019 12.5% 4.1% 26.2% 80.77%
2018 -3.5% -18.9% 5.1% 81.63%
2017 7.0% -3.7% 17.9% 87.50%
2016 20.7% -0.4% 23.7% 8.33%
2015 -16.0% -27.8% -5.5% 91.49%

NAV & Total Return History


Holdings

GASFX - Holdings

Concentration Analysis

GASFX Category Low Category High GASFX % Rank
Net Assets 600 M 34.8 M 6.01 B 59.62%
Number of Holdings 49 25 291 50.00%
Net Assets in Top 10 301 M 15.6 M 2.84 B 69.23%
Weighting of Top 10 49.99% 21.5% 70.1% 36.54%

Top 10 Holdings

  1. National Grid PLC ADR 5.45%
  2. Cheniere Energy Inc 5.21%
  3. Atmos Energy Corp 5.01%
  4. Enbridge Inc 4.97%
  5. WEC Energy Group Inc 4.97%
  6. Dominion Energy Inc 4.96%
  7. TC Energy Corp 4.94%
  8. Kinder Morgan Inc Class P 4.93%
  9. Sempra Energy 4.82%
  10. Southern Co 4.71%

Asset Allocation

Weighting Return Low Return High GASFX % Rank
Stocks
99.89% 80.73% 142.19% 25.00%
Cash
0.10% -42.19% 10.66% 63.46%
Preferred Stocks
0.00% 0.00% 3.41% 96.15%
Other
0.00% -19.06% 0.94% 84.62%
Convertible Bonds
0.00% 0.00% 0.00% 96.15%
Bonds
0.00% 0.00% 15.45% 98.08%

Stock Sector Breakdown

Weighting Return Low Return High GASFX % Rank
Utilities
74.05% 43.79% 100.00% 69.23%
Energy
22.12% 0.00% 22.12% 3.85%
Financial Services
2.71% 0.00% 9.22% 13.46%
Basic Materials
1.12% 0.00% 5.08% 21.15%
Technology
0.00% 0.00% 4.55% 100.00%
Real Estate
0.00% 0.00% 7.82% 100.00%
Industrials
0.00% 0.00% 21.15% 98.08%
Healthcare
0.00% 0.00% 2.23% 98.08%
Communication Services
0.00% 0.00% 35.76% 98.08%
Consumer Defense
0.00% 0.00% 8.40% 98.08%
Consumer Cyclical
0.00% 0.00% 2.50% 98.08%

Stock Geographic Breakdown

Weighting Return Low Return High GASFX % Rank
US
82.29% 37.77% 100.20% 65.38%
Non US
17.60% 0.00% 53.32% 40.38%

Expenses

GASFX - Expenses

Operational Fees

GASFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.10% 3.20% 65.38%
Management Fee 0.40% 0.09% 1.00% 5.77%
12b-1 Fee 0.15% 0.00% 1.00% 23.33%
Administrative Fee 0.04% 0.04% 0.26% 14.29%

Sales Fees

GASFX 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% 4.00% N/A

Trading Fees

GASFX 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.

GASFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 3.00% 169.00% 26.92%

Distributions

GASFX - Distributions

Dividend Yield Analysis

GASFX Category Low Category High GASFX % Rank
Dividend Yield 7.59% 0.00% 7.59% 1.92%

Dividend Distribution Analysis

GASFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

GASFX Category Low Category High GASFX % Rank
Net Income Ratio 1.98% 0.57% 3.22% 55.77%

Capital Gain Distribution Analysis

GASFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History

View More +

Fund Manager Analysis

GASFX - Fund Manager Analysis

Managers

Ryan Kelley


Start Date

Tenure

Tenure Rank

Mar 31, 2013

7.25

7.3%

Kelley has been employed by Hennessy Advisors, Inc. since October 26, 2012. Prior to October 26 2012, Mr. Kelley was employed by FBR Fund Advisers, Inc. Prior to joining the FBR Advisers, Inc. in 2005, he held various positions at FBR, including senior equity analyst in the research department since 2002 and associate in corporate finance for five years prior to 2002. Kelley holds the Chartered Financial Analyst designation.

L. Wein


Start Date

Tenure

Tenure Rank

Feb 28, 2019

1.34

1.3%

Wein joined the Investment Manager in September 2018 until February 2019.Josh previously joined BB&T Asset Management in 2008 and Sterling Capital Management through merger in October 2010. He has investment experience since 1995. Josh is an investment analyst with Sterling's Advisory Solutions team with a focus on alternative investments. Prior to joining BB&T, he worked as a Managing Member of Bellator Capital Partners, a long/short equity fund focused primarily on small and mid-cap equities. He also worked as an Equity Research Associate covering enterprise software companies at First Union Securities. Josh is a graduate of Emory University where he received his BBA in Finance. He received his MBA from Vanderbilt University. He is a CAIA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.5 21.51 9.02 6.17