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Trending ETFs

Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Hennessy Japan Fund

HJPNX | Fund

$45.49

$390 M

0.00%

1.05%

Vitals

YTD Return

22.5%

1 yr return

26.5%

3 Yr Avg Return

1.7%

5 Yr Avg Return

6.4%

Net Assets

$390 M

Holdings in Top 10

56.2%

52 WEEK LOW AND HIGH

$45.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.05%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 07/12/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Hennessy Japan Fund

HJPNX | Fund

$45.49

$390 M

0.00%

1.05%

HJPNX - Profile

Distributions

  • YTD Total Return 22.5%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 6.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.49%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hennessy Japan Fund
  • Fund Family Name
    Hennessy Funds Trust
  • Inception Date
    Jul 05, 2005
  • Shares Outstanding
    1736467
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Masakazu Takeda

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of Japanese companies.  The Fund considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan.  Investments primarily include common stocks. As a non-principal investment strategy, the Fund may also invest in preferred stocks, warrants and other rights, securities convertible into or exchangeable for common stocks, such as convertible bonds and investments in Japan real estate investment trusts or other investment companies (including exchange-traded funds, referred to as ETFs) that invest in equity securities of Japanese companies.  The Fund invests in companies regardless of market capitalization. As of January 31, 2024, the average market capitalization of the stocks held by the Fund was $49.12 billion.
While the Fund is considered a diversified mutual fund, it employs a relatively concentrated investment strategy and may hold securities of fewer issuers than other diversified funds.
Using in-depth analysis and on-site research, the Portfolio Managers focus on stocks with a potential “value gap” by screening for companies that they identify as having strong businesses and management, trading at attractive prices.  The Portfolio Managers limit the portfolio to what they consider to be their best ideas and maintain a concentrated number of holdings. The Portfolio Managers typically sell an investment when the reasons for buying it no longer apply, such as when they determine that a company’s prospects have changed, that a company’s stock is fully valued by the market, or that the company is beginning to show deteriorating fundamentals.  They also may sell an investment if it becomes, in their determination, too large of a position in the Fund.
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HJPNX - Performance

Return Ranking - Trailing

Period HJPNX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.5% 0.5% 31.7% 15.79%
1 Yr 26.5% 2.9% 45.5% 18.42%
3 Yr 1.7%* -10.2% 27.3% 51.35%
5 Yr 6.4%* -2.1% 21.9% 63.64%
10 Yr 8.9%* 1.4% 13.1% 25.00%

* Annualized

Return Ranking - Calendar

Period HJPNX Return Category Return Low Category Return High Rank in Category (%)
2023 15.7% 0.0% 36.8% 50.00%
2022 -30.7% -34.0% 2.8% 81.08%
2021 -3.9% -15.7% 14.9% 41.18%
2020 25.5% -6.2% 31.2% 12.12%
2019 17.9% 4.7% 24.4% 46.88%

Total Return Ranking - Trailing

Period HJPNX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.5% 0.5% 31.7% 15.79%
1 Yr 26.5% 2.9% 45.5% 18.42%
3 Yr 1.7%* -10.2% 27.3% 51.35%
5 Yr 6.4%* -2.1% 21.9% 63.64%
10 Yr 8.9%* 1.4% 13.1% 25.00%

* Annualized

Total Return Ranking - Calendar

Period HJPNX Return Category Return Low Category Return High Rank in Category (%)
2023 22.8% 2.0% 42.0% 23.68%
2022 -30.7% -32.8% 5.9% 97.30%
2021 -3.1% -15.1% 18.0% 82.35%
2020 25.5% -3.2% 34.7% 24.24%
2019 18.0% 7.7% 26.7% 90.63%

NAV & Total Return History


HJPNX - Holdings

Concentration Analysis

HJPNX Category Low Category High HJPNX % Rank
Net Assets 390 M 6.23 M 16.7 B 39.47%
Number of Holdings 28 28 1791 97.37%
Net Assets in Top 10 216 M 2.11 M 4.4 B 36.84%
Weighting of Top 10 56.24% 3.5% 100.0% 5.26%

Top 10 Holdings

  1. Hitachi Ltd 7.48%
  2. Mitsubishi Corp 7.09%
  3. Tokyo Electron Ltd 5.59%
  4. MSAD Insurance Group Holdings Inc 5.45%
  5. Tokio Marine Holdings Inc 5.40%
  6. Recruit Holdings Co Ltd 5.28%
  7. Mitsubishi UFJ Financial Group Inc 5.15%
  8. Shin-Etsu Chemical Co Ltd 5.01%
  9. ORIX Corp 4.99%
  10. Seven i Holdings Co Ltd 4.82%

Asset Allocation

Weighting Return Low Return High HJPNX % Rank
Stocks
97.49% 94.88% 99.98% 71.05%
Cash
2.51% 0.00% 12.37% 36.84%
Preferred Stocks
0.00% 0.00% 0.76% 21.05%
Other
0.00% -0.02% 13.92% 36.84%
Convertible Bonds
0.00% 0.00% 0.00% 13.16%
Bonds
0.00% 0.00% 0.06% 13.16%

HJPNX - Expenses

Operational Fees

HJPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.09% 3.46% 28.95%
Management Fee 0.80% 0.09% 0.90% 71.05%
12b-1 Fee 0.15% 0.00% 1.00% 50.00%
Administrative Fee N/A 0.15% 0.20% 37.50%

Sales Fees

HJPNX 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% 1.00% N/A

Trading Fees

HJPNX 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.

HJPNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 2.95% 70.30% 30.30%

HJPNX - Distributions

Dividend Yield Analysis

HJPNX Category Low Category High HJPNX % Rank
Dividend Yield 0.00% 0.00% 21.26% 89.47%

Dividend Distribution Analysis

HJPNX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly Annual

Net Income Ratio Analysis

HJPNX Category Low Category High HJPNX % Rank
Net Income Ratio -0.49% -0.63% 2.45% 92.11%

Capital Gain Distribution Analysis

HJPNX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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HJPNX - Fund Manager Analysis

Managers

Masakazu Takeda


Start Date

Tenure

Tenure Rank

Nov 01, 2006

15.59

15.6%

Masakazu Takeda gained a bachelor’s degree from International Christian University (Tokyo) in 1996. He is currently the lead portfolio manager of the Japan Focus All Cap strategy at SPARX Asset Management in Tokyo, a role he has held since 2006. Before joining SPARX in 1999, he held different roles at Long Term Credit Bank (currently Shinsei Bank). He has 20 years of investment and financial market experience and is a CFA Charterholder.

Yu Shimizu


Start Date

Tenure

Tenure Rank

Jan 31, 2012

10.34

10.3%

Yu Shimizu gained a bachelor’s degree in Law from Keio University (Tokyo) in 1998. He is currently the lead portfolio manager of the Japan Sustainable Equity strategy at SPARX Asset Management in Tokyo, a role he has held since 2012. Before joining SPARX in 2005, he was working as an analyst at UFJ Partners Asset Management (currently Mitsubishi UFJ Asset Management) and prior to that as an analyst at Yasuda Capital Management (currently Yasuda Asset Management).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 24.43 7.11 8.25