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Capital Gains Distributions - 2016

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, 2016, to shareholders of record as of December 6, 2016.

Hennessy Fund Share Class - Ticker Total Per Share 
(% of NAV)
Long Term Short Term
Cornerstone Mid Cap 30 Investor - HFMDX
Institutional - HIMDX
$0.12486  (0.6%)
$0.12776  (0.6%)
$0.12486
$0.12776
    -- 
    --
Large Value Investor - HLVFX
Institutional - HLVIX
$0.81510 (2.5%)
$0.81676 (2.5%)
$0.81510
$0.81676
    -- 
    --
Total Return Investor - HDOGX $0.65642 (4.6%) $0.64969 $0.00673
Equity and Income Investor - HEIFX
Institutional - HEIIX
$1.33654 (8.2%)
$1.26622 (8.2%)
$1.33654
$1.26622
    --
    --
Balanced Investor - HBFBX $0.90322 (7.0%) $0.85723 $0.04599
Gas Utility Fund Investor - GASFX $0.39616 (1.4%)
$0.39616
    --
Small Cap Financial Investor - HSFNX
Institutional - HISFX
$3.19063 (11.3%)
$1.95258 (11.4%)
$3.19063
$1.95258
    -- 
    --
Japan Small Cap Investor - HJPSX
Institutional - HJSIX
$0.10008 (0.9%)
$0.33984 (3.1%)
    -- 
    --
$0.10008
$0.33984


There were no capital gains distributions in 2016 for the following Hennessy Funds:

Cornerstone Growth Fund
Focus Fund
Cornerstone Large Growth Fund
Cornerstone Value Fund
Core Bond Fund
Large Cap Financial Fund
Technology Fund
Japan Fund

These 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 12/31/16 for the funds expected to pay a gain are as follow:

Cornerstone Mid Cap 30 (HFMDX) = 0.00%
Cornerstone Mid Cap 30 (HIMDX) = 0.09%
Large Value (HLVFX) = 0.84%
Large Value (HLVIX) = 0.96%
Total Return (HDOGX) = 0.83%
Equity and Income (HEIFX) = 0.79%
Equity and Income (HEIIX) = 1.18%
Balanced (HBFBX) = 0.15%
Gas Utility Fund (GASFX) = 2.22%
Small Cap Financial (HSFNX) = 0.00%
Small Cap Financial (HISFX) = 0.13%
Japan Small Cap (HJPSX) = 0.34%
Japan Small Cap (HJSIX) = 0.60%