Hennessy Focus Fund (HFCSX)

Top Ten Holdings as of 3/31/2017

Total as % of Net Assets 66.3%
American Tower Corp. 10.1% The Charles Schwab Corp. 6.3%
O'Reilly Automotive, Inc. 8.8% Hexcel Corp. 5.5%
Markel Corp. 8.1% AON Corp. 5.4%
CarMax, Inc. 6.8% Twenty-First Century Fox, Inc. 4.8%
Brookfield Asset Management, Inc. 6.4% American Woodmark Corp. 4.3%

Sector Weighting as of 3/31/2017

Portfolio Characteristics as of 3/31/2017

Total Fund Assets $2.6 Billion
Portfolio Turnover 5%
Number of Holdings 21
Median Market Cap $12.4 Billion
Median Price/Earnings 21.44x
Median Price/Book 4.00x

Country Allocation as of 3/31/2017

Canada 6.4%
United Kingdom 5.4%
United States 75.5%
Cash & Other 12.7%

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.