Hennessy Focus Fund (HFCIX)

Objective and Overview

The Hennessy Focus Fund seeks capital appreciation by employing a fundamental, bottom-up investment approach that concentrates the Fund's holdings in the Portfolio Managers' best ideas.

Investment Strategy

  • The Hennessy Focus Fund seeks high-quality, growth-oriented companies that demonstrate:

    • Strong competitive position
    • Predictable cash earnings growth
    • High return on invested capital
    • Excellent management
    • Modest valuation

    The Fund maintains a concentrated portfolio of 20 to 30 stocks that is conviction-weighted with 60-80% of assets in the top 10 holdings. Once a stock is in the portfolio, we expect to own it for at least 5 years.

    Video: View Portfolio Manager's David Rainey, CFA, Brian Macauley, CFA, and Ira Rothberg, CFA's comments on the Fund's Investment Strategy

    View Portfolio Manager's David Rainey, CFA, Brian Macauley, CFA, and Ira Rothberg, CFA's comments on the Fund's Investment Strategy