Hennessy Funds Named 2016 Lipper Fund Award Winner; Hennessy Gas Utility Fund Receives Award for Fifth Consecutive Year
March 23, 2016 - Hennessy Funds today announced that the Hennessy Gas Utility
Fund (GASFX) has received two 2016 Lipper Fund Awards for best in category performance
for both the five-year and ten-year periods ended 11/30/15 among 15 Utility
Funds. This marks the fifth consecutive year
that the Hennessy Gas Utility Fund has received the five-year Lipper Fund Award.* Lipper Fund Awards honor mutual funds that have excelled in
delivering consistently stronger risk-adjusted performance than their peers.
“We are pleased to
once again receive this award from such a prestigious, industry-leading organization
in recognition of our disciplined and repeatable investment process,” said Neil
Hennessy, President and Chief Investment Officer of Hennessy Funds.
The Hennessy Gas
Utility Fund owns the publicly-traded members of the American Gas Association, a national trade
association which represents natural gas distribution companies. “While many funds
in our category invest in a very broad range of different types of utilities,
our Fund focuses on natural gas, and specifically on the distribution side of
the industry,” said Skip Aylesworth, Portfolio Manager. “With a 100+ year
domestic supply, low and stable pricing, along with its environmental
advantage, natural gas is quickly becoming the fuel of choice. The Hennessy Gas Utility Fund provides an
opportunity to invest in companies that should benefit from the growing demand
for natural gas,” Aylesworth noted.
* The 2012, 2013, 2014 and 2015 Lipper Fund Awards
were given among 16, 16, 15 and 15 Utility Funds for the five-year periods
ending 11/30/11, 11/30/12, 11/30/13 and 11/30/14, respectively.
About Hennessy Funds
Hennessy Funds offers a wide range of domestic equity, sector, specialty, and multi-asset investment products. Hennessy is committed to its consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach and to providing superior service to shareholders.
A Lipper Fund Award is awarded to one fund in each Lipper classification for achieving the strongest trend of consistent risk-adjusted performance against its classification peers over a three, five or ten-year period. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper Analytical Services, Inc. is an independent mutual fund research and rating service. © 2016, All Rights Reserved