Hennessy Large Value Fund (HLVFX)

Objective and Overview

The Hennessy Large Value Fund seeks long-term growth of capital and current income by investing in companies the Portfolio Managers believe are undervalued, have sound business models and show good future potential based on fundamental characteristics.

Investment Strategy

The Hennessy Large Value Fund maintains a sector neutral approach, selecting stocks deemed best within each market sector. The Portfolio Managers identify meaningful company specific changes, such as changes in management or product cycle, which they believe will positively impact a company’s earnings power. If the benefits of those changes begin to take hold, the Managers will then increase portfolio exposure in their best ideas. The Fund generally purchases stocks with a market capitalization above $1 billion.