Hennessy Balanced Fund Investor Class

Frequently Asked Questions About HBFBX

What does HBFBX invest in?

This fund employs a two-pronged investment strategy. Approximately half of its capital is allocated to an equally weighted portfolio of the ten top dividend-yielding stocks from the Dow Jones Industrial Average (DJIA), a strategy commonly referred to as the "Dogs of the Dow." To temper market risk and volatility, the remaining 50% of the fund's assets are invested in U.S. Treasury securities that mature in under one year. It operates as a non-diversified fund.

What is the expense ratio of HBFBX?

Hennessy Balanced Fund Investor Class (HBFBX) charges an expense ratio of 1.88%. This is the annual fee deducted from fund assets to cover management and operations.

What is HBFBX's dividend yield?

HBFBX's trailing-twelve-month yield is 1.57%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of HBFBX?

Effective duration measures HBFBX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HBFBX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of HBFBX?

HBFBX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of HBFBX?

Yield to maturity (YTM) is the total return you'd earn from HBFBX if every bond in the portfolio is held to maturity at the current price. HBFBX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.