Hennessy Focus Fund (HFCIX)

Top Ten Holdings as of 9/30/2017

Total as % of Net Assets 68.3%
American Tower Corp. 10.8% The Charles Schwab Corp. 6.5%
Markel Corp. 8.5% AON Corp. 6.4%
CarMax, Inc. 8.3% Hexcel Corp. 5.5%
Brookfield Asset Management, Inc. 6.9% American Woodmark Corp. 4.4%
O'Reilly Automotive, Inc. 6.7% Gaming and Leisure Properties 4.3%

Sector Weighting as of 9/30/2017

Portfolio Characteristics as of 9/30/2017

Total Fund Assets $2.7 Billion
Portfolio Turnover 3%
Number of Holdings 22
Median Market Cap $13.4 Billion
Median Price/Earnings 23.20x
Median Price/Book 4.21x

Country Allocation as of 9/30/2017

Canada 6.9%
United Kingdom 6.4%
United States 80.8%
Cash & Other 5.9%

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.