Hennessy Gas Utility Fund (GASFX)

Top Ten Holdings as of 12/31/2016

Total as % of Net Assets 48.1%
Dominion Resources, Inc. 5.0% TransCanada Corp. 4.9%
National Grid, PLC 5.0% Kinder Morgan, Inc. 4.9%
Cheniere Energy, Inc. 5.0% Enbridge, Inc. 4.7%
Spectra Energy Corp. 4.9% PG&E Corp. 4.4%
Sempra Energy 4.9% Atmos Energy Corp. 4.4%

Sector Weighting as of 12/31/2016


Sub-Industry Weighting

Electric Utilities 18.0%
Gas Utilities 18.1%
Independent Power Producers & Energy Traders 0.3%
Multi-Sector Holdings 0.5%
Multi-Utilities 35.8%
Oil & Gas Exploration & Production 1.6%
Oil & Gas Storage & Transportation 25.4%

Portfolio Characteristics as of 12/31/2016

Total Fund Assets $1.4 Billion
Portfolio Turnover 34%
Number of Holdings 56
Median Market Cap $9.2 Billion
Median Price/Earnings 21.12x
Median Price/Book 2.00x

Country Allocation as of 12/31/2016

Canada 12.0%
United Kingdom 5.0%
United States 82.8%
Cash & Other 0.3%

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