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Trending ETFs

Name

As of 04/15/2024

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

$16.64

$115 M

1.18%

$0.20

1.12%

Vitals

YTD Return

2.8%

1 yr return

12.0%

3 Yr Avg Return

-2.0%

5 Yr Avg Return

4.1%

Net Assets

$115 M

Holdings in Top 10

24.8%

52 WEEK LOW AND HIGH

$16.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 24.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 04/15/2024

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

$16.64

$115 M

1.18%

$0.20

1.12%

HJSIX - Profile

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return -2.0%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.63%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hennessy Japan Small Cap Fund
  • Fund Family Name
    Hennessy Funds Trust
  • Inception Date
    Jun 16, 2015
  • Shares Outstanding
    3376146
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Tadahiro Fujimura

Fund Description

Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of smaller Japanese companies, typically considered to be companies with market capitalizations in the bottom 20% of all publicly traded Japanese companies.  As of December 31, 2023, the bottom 20% of publicly traded Japanese companies had market capitalizations below approximately 469 billion Japanese yen, or the equivalent of $3.2 billion.  This market capitalization range will vary due to market conditions.  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.
Using in-depth analysis and on-site research, the Portfolio Managers focus on stocks with a potential “value gap” by screening for small-cap companies that they identify as having strong businesses and management, trading at attractive prices.  The portfolio is limited to what the Portfolio Managers consider to be their best ideas and is unconstrained by its benchmarks.  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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HJSIX - Performance

Return Ranking - Trailing

Period HJSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% 1.0% 23.5% 71.05%
1 Yr 12.0% 4.0% 56.2% 65.79%
3 Yr -2.0%* -12.2% 24.9% 62.86%
5 Yr 4.1%* -2.5% 19.2% 75.76%
10 Yr N/A* 2.3% 13.1% 11.54%

* Annualized

Return Ranking - Calendar

Period HJSIX Return Category Return Low Category Return High Rank in Category (%)
2023 15.3% 0.0% 36.8% 55.26%
2022 -17.0% -34.0% 2.8% 32.43%
2021 -5.2% -15.7% 14.9% 52.94%
2020 13.1% -6.2% 31.2% 57.58%
2019 18.4% 4.7% 24.4% 37.50%

Total Return Ranking - Trailing

Period HJSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% 1.0% 23.5% 71.05%
1 Yr 12.0% 4.0% 56.2% 65.79%
3 Yr -2.0%* -12.2% 24.9% 62.86%
5 Yr 4.1%* -2.5% 19.2% 75.76%
10 Yr N/A* 2.3% 13.1% 11.54%

* Annualized

Total Return Ranking - Calendar

Period HJSIX Return Category Return Low Category Return High Rank in Category (%)
2023 16.7% 2.0% 42.0% 63.16%
2022 -16.0% -32.8% 5.9% 40.54%
2021 -4.3% -15.1% 18.0% 85.29%
2020 13.9% -3.2% 34.7% 54.55%
2019 20.4% 7.7% 26.7% 43.75%

NAV & Total Return History


HJSIX - Holdings

Concentration Analysis

HJSIX Category Low Category High HJSIX % Rank
Net Assets 115 M 6.23 M 16.7 B 73.68%
Number of Holdings 66 27 1791 73.68%
Net Assets in Top 10 27.9 M 2.15 M 3.21 B 78.95%
Weighting of Top 10 24.78% 3.5% 101.6% 68.42%

Top 10 Holdings

  1. First American Government Obligations Fund 4.98%
  2. Daihen Corp 2.62%
  3. Towa Corp 2.36%
  4. Nihon Kohden Corp 2.20%
  5. Takasago Thermal Engineering Co Ltd 2.16%
  6. Tokyo Ohka Kogyo Co Ltd 2.12%
  7. Musashino Bank Ltd/The 2.10%
  8. Amada Co Ltd 2.10%
  9. Asia Pile Holdings Corp 2.08%
  10. Tsukishima Holdings Co Ltd 2.06%

Asset Allocation

Weighting Return Low Return High HJSIX % Rank
Stocks
93.56% 93.56% 104.16% 100.00%
Cash
6.44% 0.02% 8.41% 10.53%
Preferred Stocks
0.00% 0.00% 1.22% 78.95%
Other
0.00% -5.55% 0.05% 68.42%
Convertible Bonds
0.00% 0.00% 0.00% 76.32%
Bonds
0.00% 0.00% 0.08% 76.32%

HJSIX - Expenses

Operational Fees

HJSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.09% 3.46% 21.05%
Management Fee 0.80% 0.09% 0.90% 78.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.15% 0.20% 50.00%

Sales Fees

HJSIX 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

HJSIX 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.

HJSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 2.95% 70.30% 57.58%

HJSIX - Distributions

Dividend Yield Analysis

HJSIX Category Low Category High HJSIX % Rank
Dividend Yield 1.18% 0.00% 21.61% 78.95%

Dividend Distribution Analysis

HJSIX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

HJSIX Category Low Category High HJSIX % Rank
Net Income Ratio 0.63% -0.63% 2.45% 57.89%

Capital Gain Distribution Analysis

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

Distributions History

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HJSIX - Fund Manager Analysis

Managers

Tadahiro Fujimura


Start Date

Tenure

Tenure Rank

Aug 31, 2007

14.76

14.8%

Tadahiro Fujimura, CFA and CMA, has served as the Chief Investment Officer of SPARX since April 2013, served as the head of the Investment & Research Division from April 2010 to December 2015, and is responsible for overseeing Japanese Mid and Small Cap Strategies. Prior to joining SPARX, Mr. Fujimura served as the Chief Portfolio Manager of the small-cap investment team at Nikko Asset Management (formerly Nikko Securities Investment Trust Management Co., Ltd.).

Takenari Okumura


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Takenari Okumura gained a bachelor’s degree from Keio University (Tokyo) in 2008. He is currently the lead portfolio manager of the Japan Small and Mid Cap strategy at SPARX Asset Management. He joined SPARX as a new graduate and has 11 years of investment and financial market experience.

Tenure Analysis

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