Hennessy Balanced Fund (HBFBX)

Morningstar Risk & Return as of 9/30/2017
(Relative to Allocation--50% to 70% Equity Category)

3YR 5YR10YR Overall
Morningstar Risk Low LowLow Low
Morningstar Return Below Avg LowLow Low
Morningstar Rating*
# of funds in Allocation--50% to 70% Equity Category 725 664458 725

*The overall Morningstar Rating is based on risk adjusted returns.

Standard Deviation (Volatility) as of 9/30/2017

3YR 5YR10YR  
Balanced Fund (HBFBX) 5.82 5.319.10  
Dow Jones Industrial Average 10.73 10.1414.18  
Allocation--50% to 70% Equity Funds Category Average 6.91 6.7410.81  

Modern Portfolio Theory Statistics as of 9/30/2017
(Relative to Dow Jones Industrial Average)

3YR 5YR10YR  
Beta 0.49 0.470.57  
Alpha -1.31 -1.16-1.32  

Capture Ratios as of 9/30/2017
(Relative to Dow Jones Industrial Average)


Standard deviation is a statistical measure of the historical volatility of a mutual fund or portfolio. Beta measures the volatility of the fund, as compared to that of the overall market or of a benchmark. The benchmark’s beta is set at 1.00; a beta higher than 1.00 is considered to be more volatile than the benchmark, while a beta lower than 1.00 is considered to be less volatile. Alpha is an annualized return measure of how much better or worse a fund’s performance is relative to an index of funds in the same category, after allowing for differences in risk. Market Capture Ratio is a statistical measure of the Fund’s overall performance in up-markets (positive return periods) and down-markets (negative return periods). The market capture ratios are used to evaluate how well an investment performed relative to an index during periods when that index has risen or fallen.