Hennessy Focus Fund (HFCIX)

Top Ten Holdings as of 12/31/2017

Total as % of Net Assets 69.8%
American Tower Corp. 10.9% CarMax, Inc. 6.8%
Markel Corp. 8.7% American Woodmark Corp. 5.8%
The Charles Schwab Corp. 7.4% Hexcel Corp. 5.7%
O'Reilly Automotive, Inc. 7.2% AON Corp. 5.6%
Brookfield Asset Management, Inc. 7.0% Twenty-First Century Fox, Inc. 4.7%

Sector Weighting as of 12/31/2017

Portfolio Characteristics as of 12/31/2017

Total Fund Assets $2.8 Billion
Portfolio Turnover 5%
Number of Holdings 20
Median Market Cap $14.5 Billion
Median Price/Earnings 27.88x
Median Price/Book 3.92x

Country Allocation as of 12/31/2017

Canada 7.0%
United Kingdom 5.6%
United States 81.2%
Cash & Other 6.2%

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Price/Earnings Ratio is the market price per share divided by earnings per share. Price/Book Ratio is the market price per share divided by book value.