Hennessy Focus Fund (HFCSX)

Top Ten Holdings as of 12/31/2016

Total as % of Net Assets 65.2%
O'Reilly Automotive, Inc. 9.4% Brookfield Asset Management, Inc. 6.0%
American Tower Corp. 9.1% Hexcel Corp. 5.4%
Markel Corp. 7.8% AON Corp. 5.3%
CarMax, Inc. 7.7% Twenty-First Century Fox, Inc. 4.3%
The Charles Schwab Corp. 6.4% Gaming and Leisure Properties 3.8%

Sector Weighting as of 12/31/2016

Portfolio Characteristics as of 12/31/2016

Total Fund Assets $2.5 Billion
Portfolio Turnover 1%
Number of Holdings 21
Median Market Cap $12.2 Billion
Median Price/Earnings 20.61x
Median Price/Book 3.77x

Country Allocation as of 12/31/2016

Canada 6.0%
United Kingdom 5.3%
United States 74.8%
Cash & Other 13.9%

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.