Hennessy Large Cap Financial Fund Institutional Class

Frequently Asked Questions About HILFX

What does HILFX invest in?

This fund aims to generate capital appreciation for its investors. It primarily invests in companies listed on U.S. national stock exchanges, but also gains exposure to foreign companies through American Depositary Receipts (ADRs) or similar U.S. dollar-denominated securities of non-U.S. issuers that are traded on U.S. exchanges. A core component of its strategy is to commit at least 80% of its total net assets (including any borrowed funds for investment) to large-capitalization companies principally operating within the financial services sector. Notably, this fund is structured as a non-diversified investment.

What is the expense ratio of HILFX?

Hennessy Large Cap Financial Fund Institutional Class (HILFX) charges an expense ratio of 1.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HILFX?

Hennessy Large Cap Financial Fund Institutional Class (HILFX) manages $82.7M 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 HILFX actively managed or an index fund?

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

When was HILFX launched?

Hennessy Large Cap Financial Fund Institutional Class (HILFX) launched in June 2015 and is managed by the fund issuer.

How has HILFX performed?

HILFX'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.