Hennessy Large Cap Financial Fund (HLFNX)

Morningstar Risk & Return as of 9/30/2017
(Relative to Financial Category)

3YR 5YR10YR Overall
Morningstar Risk Average AverageBelow Avg Average
Morningstar Return Below Avg Below AvgAbove Avg Average
Morningstar Rating*
# of funds in Financial Category 100 9472 100

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

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

3YR 5YR10YR  
Large Cap Financial Fund (HLFNX) 15.89 14.5519.20  
Russell 1000 Financial Services Index 12.82 11.6022.49  
Financial Funds Category Average 15.70 14.2821.67  

Modern Portfolio Theory Statistics as of 9/30/2017
(Relative to Russell 1000 Financial Services Index)

3YR 5YR10YR  
Beta 1.16 1.170.76  
Alpha -5.68 -5.023.69  

Capture Ratios as of 9/30/2017
(Relative to Russell 1000 Financial Services Index)


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.