Hennessy Gas Utility Fund

Frequently Asked Questions About GASFX

What does GASFX invest in?

The Hennessy Gas Utility Fund's objective is to closely track the investment returns of the American Gas Association Stock Index. This specialized benchmark is administered by the American Gas Association, a prominent national trade group representing natural gas distribution companies, and its use as an investment strategy is exclusively licensed to the fund's Manager. The fund will dedicate at least 85% of its total assets to the equity shares of companies primarily involved in natural gas distribution and transmission. Notably, the portfolio adheres to a passive management approach, meaning investment decisions are not influenced by active economic, financial, or market analysis.

What is the expense ratio of GASFX?

Hennessy Gas Utility Fund (GASFX) charges an expense ratio of 0.97%. This is the annual fee deducted from fund assets to cover management and operations.

How big is GASFX?

Hennessy Gas Utility Fund (GASFX) manages $1.12B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is GASFX actively managed or an index fund?

GASFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was GASFX launched?

Hennessy Gas Utility Fund (GASFX) launched in May 1989 and is managed by the fund issuer.

How has GASFX performed?

GASFX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.