Hennessy Focus Fund (HFCSX)

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.