Hennessy Funds Named 2017 Lipper Fund Award Winner; Hennessy Gas Utility Fund Receives Award for Sixth Consecutive Year
March 24, 2017 - Hennessy Funds today announced that the Hennessy Gas Utility
Fund (Investor Class: GASFX) has received the 2017 Lipper Fund Award for best-in-category performance
for the ten-year period ended 11/30/16 among 14 Utility Funds. This marks the sixth consecutive year that the
Hennessy Gas Utility Fund has received a Lipper Fund Award.* Lipper Fund Awards honor funds and fund management firms that
have excelled in delivering consistently strong risk-adjusted performance relative
to their peers.
“We are honored to once again receive this award
from this prestigious, industry-leading organization, and we are very proud of
the Fund’s six-year winning streak,” 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 broad range 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 competitive
pricing, along with its environmental advantage, natural gas is America’s
energy 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, 2015 and 2016 Lipper Fund Awards
were given among 16, 16, 15, 15 and 15 Utility Funds for the five-year periods
ended 11/30/11, 11/30/12, 11/30/13, 11/30/15 and 11/30/15, 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. © 2017, All Rights Reserved