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Capital Gains Distributions - 2017

Mutual funds realize gains and losses from the sale of individual securities held in their portfolios throughout the year. Tax laws require that mutual funds distribute any capital gains to their shareholders annually prior to year end, and shareholders must pay taxes on those distributions. Tax implications are the same whether you receive distributions in cash or reinvest in additional fund shares. Long-term gains (profits on securities held for more than one year) are taxable at lower rates than short-term gains. Shareholders are strongly advised to consult their tax advisor with respect to the tax consequences of their investments.

The following table shows capital gains distributions paid on December 7, 2017, to shareholders of record as of December 6, 2017: 

Hennessy Fund Share Class - Ticker Total Per Share 
(% of NAV)
Long Term Short Term
FocusInvestor - HFCSX
Institutional - HFCIX
$0.00534   (0.0%)
$0.00549   (0.0%)
$0.00534
$0.00549
    -- 
    --
Cornerstone Mid Cap 30 Investor - HFMDX
Institutional - HIMDX
$3.66211   (16.2%)
$3.77322   (16.2%)
$3.66211
$3.77322
    -- 
    --
Cornerstone Large Growth Investor - HFLGX
Institutional - HILGX
$0.42656   (3.4%)
$0.43161   (3.4%)
$0.40932
$0.41414
$0.01724
$0.01747
Cornerstone ValueInvestor - HFCVX
Institutional - HICVX
$2.53050   (11.6%)
$2.53554   (11.6%)
$2.33230
$2.33695
$0.19820
$0.19859
Total Return Investor - HDOGX $1.52020   (10.2%) $1.38773 $0.13247
Equity and Income Investor - HEIFX
Institutional - HEIIX
$0.83721   (5.0%)
$0.79119   (5.0%)
$0.83721
$0.79119
    --
    --
Balanced Investor - HBFBX $0.87942   (6.8%) $0.81507 $0.06435
Gas Utility Fund Investor - GASFX
Institutional - HGASX
$0.15722   (0.5%)
$0.15702   (0.5%)
$0.09201
$0.09188
$0.06521
$0.06514
Small Cap Financial Investor - HSFNX
Institutional - HISFX
$1.97322   (7.5%)
$1.18860   (7.5%)
$1.80632
$1.08807
$0.16690
$0.10053
Large Cap FinancialInvestor - HLFNX
Institutional -HILFX
$1.00493   (4.5%)
$1.00418   (4.5%)
$1.00493
$1.00418
    -- 
    --
TechnologyInvestor - HTECX
Institutional - HTCIX
$1.63413   (9.0%)
$1.66909   (9.0%)
$1.63413
$1.66909
    -- 
    --
Japan Small Cap Investor - HJPSX
Institutional - HJSIX
$0.27962   (1.8%)
$0.27518   (1.8%)
$0.27962 
$0.27518
    -- 
    --


There were no capital gains distributions in 2017 for the following Hennessy Funds:

Cornerstone Growth Fund
Japan Fund

Capital gains distributions do not include any ordinary income distributions the Funds may be making.  

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent quarter end may be obtained by clicking here.

30-Day SEC yields as of 9/30/17 for the Hennessy Funds expected to pay a gain are as follow:

Focus (HFCSX) = 0.00%
Focus (HFCIX) = 0.00%
Cornerstone Mid Cap 30 (HFMDX) = 0.00%
Cornerstone Mid Cap 30 (HIMDX) = 0.08%
Cornerstone Large Growth (HFLGX) = 0.92%
Cornerstone Large Growth (HILGX) = 1.17%
Cornerstone Value (HFCVX) = 2.68%
Cornerstone Value (HICVX) = 2.90%
Total Return (HDOGX) = 1.30%
Equity and Income (HEIFX) = 0.63%
Equity and Income (HEIIX) = 1.01%
Balanced (HBFBX) = 0.02%
Gas Utility Fund (GASFX) = 2.16%
Gas Utility Fund (HGASX) = 2.54%
Small Cap Financial (HSFNX) = 0.00%
Small Cap Financial (HISFX) = 0.29%
Large Cap Financial (HLFNX) = 0.00%
Large Cap Financial (HILFX) = 0.00%
Technology (HTECX) = 0.00%
Technology (HTCIX) = 0.00%
Japan Small Cap (HJPSX) = 0.34%
Japan Small Cap (HJSIX) = 0.70%