Hennessy Japan Fund (HJPNX)

Top Ten Holdings as of 3/31/2017

Total as % of Net Assets 49.6%
Keyence Corp. 5.2% SoftBank Group Corp. 4.9%
Recruit Holdings Co., Ltd. 5.1% Terumo Corp. 4.9%
Unicharm Corp. 5.1% ASICS Corp. 4.9%
Kao Corp. 5.0% Nidec Corp. 4.8%
Misumi Group, Inc. 5.0% Daikin Industries, Ltd. 4.8%

Sector Weighting as of 3/31/2017

Portfolio Characteristics as of 3/31/2017

Total Fund Assets $179.4 Million
Portfolio Turnover 9%
Number of Holdings 22
Median Market Cap $23.0 Billion
Median Price/Earnings 24.47x
Median Price/Book 2.70x

Country Allocation as of 3/31/2017

Japan 92.6%
Cash & Other 7.4%

Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.