3 Hennessy Mutual Funds to Add Diversification to Your Portfolio
Hennessy Advisors, Inc., founded by Neil J. Hennessy in 1989, is a leading investment management company with a full line of equity mutual funds, including single-sector and specialty funds as well as multi-asset class products. With $4.1 billion in assets under management, Hennessy’s investment approach is built around several core principles: discipline, repeatability and protection against significant losses. The company’s portfolio management teams build and manage high-conviction portfolios of high-quality equities and make investment decisions with a long-term orientation to minimize impact from short-period market volatility.
We have picked three Hennessy mutual funds — Hennessy Cornerstone Growth Investor HFCGX, Hennessy Gas Utility Investor GASFX and Hennessy Large Cap Financial Investor HLFNX — which investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) and Rank #2 (Buy), with positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
Hennessy Cornerstone Growth Investor fund invests in growth-oriented common stocks of companies whose securities are listed on a U.S. national securities exchange, including via American Depositary Receipts (ADRs).
Neil J. Hennessy has been the lead manager of HFCGX since Dec. 14, 2001. Most of the fund’s holdings were in companies, such as Astronics Corp (5.4%), BrightSpring Health Services, Inc. (4.7%) and Millicom International Cellular S.A. (4.3%) as of April 30, 2026.
HFCGX’s 3-year and 5-year annualized returns are 17.9% and 13.8%, respectively. Its net expense ratio is 1.30%. HFCGX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 (Strong Buy) and 2 Ranked Mutual Funds,please click here.
Hennessy Gas Utility Investor fund seeks investment results that replicate the performance of the American Gas Association Stock Index, calculated monthly and consisting of American Gas Association member companies whose securities trade on a U.S. stock exchange, including natural gas distribution, gas pipeline, diversified gas, and combination gas and electric companies.
Ryan C. Kelley has been the lead manager of GASFX since March 31, 2013. Most of the fund’s holdings were in companies, such as ONEOK, Inc. (5.3%), TC Energy Corp (5.2%) and The Williams Co (5.2%) as of April 30, 2026.
GASFX’s 3-year and 5-year annualized returns are 14.8% and 11.7%, respectively. Its net expense ratio is 0.97%. GASFX has a Zacks Mutual Fund Rank #2.
Hennessy Large Cap Financial Investor fund invests primarily in common stocks of companies listed on U.S. national securities exchanges, including through U.S. dollar-denominated ADRs.
David H. Ellison has been the lead manager of HLFNX since Jan. 3, 1997. Most of the fund’s holdings were in companies, such as Citigroup Inc. (8.5%), Truist Financial Corp (6.5%) and Bank of America Corp (6.4%) as of???April 30, 2026.
HLFNX’s 3-year and 5-year annualized returns are 19.5% and 5%, respectively. Its net expense ratio is 1.86%. HLFNX has a Zacks Mutual Fund Rank #2.
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This article originally published on Zacks Investment Research (zacks.com).
