Hennessy Small Cap Financial Fund (HSFNX)

Top Ten Holdings as of 3/31/2017

Total as % of Net Assets 36.1%
Brookline Bancorp, Inc. 4.0% Eagle Bancorp, Inc. 3.7%
FCB Financial Holdings, Inc. 3.9% OceanFirst Financial Corp. 3.4%
IBERIABANK Corp. 3.8% Flushing Financial Corp. 3.4%
Washington Federal, Inc. 3.8% Banner Corp. 3.3%
Hingham Institution for Savings 3.7% Midland States Bancorp, Inc. 3.2%

Sector Weighting as of 3/31/2017

Sub-Industry Weighting

Regional Banks 59.9%
Thrifts & Mortgage Finance 33.3%

Portfolio Characteristics as of 3/31/2017

Total Fund Assets $245.0 Million
Portfolio Turnover 95%
Number of Holdings 38
Median Market Cap $1.3 Billion
Median Price/Earnings 19.81x
Median Price/Book 1.51x

Country Allocation as of 3/31/2017

Puerto Rico 2.3%
United States 91.0%
Cash & Other 6.8%

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