Building a business with integrity.

We've built a strong line-up of funds, all with one thing in common: to meet the needs of our shareholders, always managed in their best interest.

About Hennessy Funds

We offer high-conviction strategies that can play a role in nearly every investor's portfolio.

Company Overview

  • Company Founded

    1989

  • Assets Under Management

    $4.8 Billion

  • Number of Funds

    17

Hennessy Funds offers a broad range of funds, including exchange traded funds (ETFs) and mutual funds in these categories; traditional equity, specialty, and sector funds, as well as more conservative multi-asset products. Our goal is to provide products that investors can have confidence in, knowing their money is invested as promised, with their best interest in mind.

Markets can be volatile. Media headlines may trumpet doom one day, rosy outcomes the next. In both turbulent and steady times, we stick to our time-tested strategies, and we focus on long-term results. Our team of tenured managers has the skill, experience, and confidence needed to build and maintain high-conviction portfolios through all types of market conditions.

We believe it’s critical for our shareholders to fully understand the strategies, risks, and costs of investing, as well as the potential rewards. That’s how successful long-term partnerships are built.

“Our founding principle of ‘Shareholders First’ still guides us each day.”
Teresa Nilsen, Executive Vice President

Our History

Hennessy Advisors, Inc., the investment advisor to the Hennessy Funds, was founded in 1989 in the San Francisco Bay Area by Neil J. Hennessy, who had been a successful stockbroker, branch, regional, and divisional manager for Paine Webber. He named the company in honor of his father, Edward J. Hennessy, who had also been a successful stockbroker. Neil believed that his father embodied the ideals that would make his business successful.

Hennessy Advisors was founded on the principles of treating customers honestly and ethically, building strong partnerships, and managing money for the sole benefit of shareholders, and those same principles guide us today, over 30 years later.

The firm became an SEC-registered investment advisor in 1990 and later expanded to managing open-end mutual funds. Our first fund, the Hennessy Balanced Fund, opened in 1996, followed soon thereafter by the Hennessy Total Return Fund in 1998.

Following twelve successful, strategic acquisitions, the Hennessy family of products now includes exchange traded funds (ETFs) and mutual funds covering domestic equity, multi-asset, sector, and specialty categories.

Hennessy Funds is headquartered in Novato, CA, and maintains offices in Boston, MA, Chapel Hill, NC, Austin, TX, and Dallas, TX.

  • 1989
    Neil Hennessy founds the firm
  • 1990
    Registered as an Investment Advisor
  • 1996
    Launched the first mutual fund, the Hennessy Balanced Fund
  • 1998
    Launched the second mutual fund, the Hennessy Total Return Fund.
  • 2000
    Acquired the Cornerstone Value and Cornerstone Growth Funds
  • 2003
    Acquired the SYM Select Growth Fund to launch the Hennessy Cornerstone Mid Cap 30 Fund
  • 2004
    Acquired the Linder Funds and merged five funds into existing Hennessy Funds
  • 2005
    Acquired the Henlopen Fund to launch the Hennessy Cornerstone Growth Fund, Series II (which subsequently merged into the Hennessy Cornertone Growth Fund)
  • 2009
    Acquired two Tamarack Funds, one of which launched the Hennessy Cornerstone Large Growth Fund and the second of which was later merged into the Hennessy Cornerstone Value Fund
  • Acquired the SPARX Japan Fund and the SPARX Japan Smaller Companies Fund and renamed them the Hennessy Japan Fund and the Hennessy Japan Small Cap Fund
  • 2012
    Acquired the FBR Funds, merged three funds into existing Hennessy Funds and added the following seven funds: Hennessy Focus Fund, Hennessy Gas Utility Fund, Hennessy Small Cap Financial Fund, Hennessy Large Cap Financial Fund, Hennessy Technology Fund, Hennessy Equity and Income Fund, and Hennessy Core Bond Fund (later liquidated)
  • 2016
    Acquired the two Westport Funds, which were merged into the Hennessy Cornerstone Mid Cap 30 Fund
  • 2017-18
    Acquired three Rainier Funds and merged two of those funds into the Hennessy Cornerstone Mid Cap 30 Fund and one into the Hennessy Cornerstone Large Growth Fund
  • 2018
    Acquired the BP Capital TwinLine Energy Fund and the BP Capital TwinLine MLP Fund to launch the Hennessy BP Energy Transition Fund and the Hennessy BP Midstream Fund
  • 2022
    Acquired the Stance Equity ESG Large Cap Core ETF to launch the Hennessy Stance ESG Large Cap ETF
  • 2023
    Acquired the CCM Small/Mid-Cap Impact Value Fund and merged it into the Hennessy Stance ESG ETF
  • 2024
    Acquired the CCM Core Impact Equity Fund and merged it into the Hennessy Stance ESG ETF
Contact Us
Hennessy Funds
7250 Redwood Boulevard, Suite 200
 Novato, CA 94945
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The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 1-800-966-4354.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted and can be found here. Neither forward earnings nor earnings growth is a measure of a fund’s future performance.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.

ESG investing risk is the risk stemming from the Environmental, Social, and Governance factors that the Fund applies in selecting securities. The Fund intends to invest in companies with measurable high ESG ratings relative to their sector peers, and screen out particular companies that do not meet its ESG criteria. This may affect the Fund’s exposure to certain companies or industries and cause the Fund to forego certain investment opportunities. The Fund’s returns may be lower than other funds that do not seek to invest in companies based on ESG ratings. The Fund seeks to pursue its investment objective by using proprietary models that incorporate quantitative analysis. There is no guarantee that the Portfolio Managers’ use of these models will result in effective investment decisions for the Fund. From time to time, the Fund may concentrate its investments in one or more industry sectors. The Fund is currently substantially invested in the Consumer Discretionary and Health Care sectors and its performance is therefore tied closely to, and affected by, developments in these industries.

The Portfolio Reference Basket is not expected to represent the actual portfolio of the Fund because the weightings of the securities in the Portfolio Reference Basket generally are different from the weightings of the securities in the actual portfolio.

Guardrail Amount: 10%

The Guardrail Amount is the maximum deviation between the weightings of the specific securities in the Portfolio Reference Basket and the weightings of those specific securities in the Actual Portfolio, as well as between the weighting of the respective cash positions. The Guardrail Amount is intended to ensure that no individual security in the Portfolio Reference Basket will be overweighted or underweighted by more than the publicly disclosed percentage when compared to the actual weighting of each security within the Actual Portfolio as of the beginning of each trading day. The Guardrail Amount is designed to help investors evaluate the risk of tracking error, which is the degree to which the performance of the Portfolio Reference Basket deviates from the performance of the Actual Portfolio.

Although the Portfolio Reference Basket is intended to provide investors with enough information to allow for an effective arbitrage mechanism that will keep the market price of the Fund at or close to the underlying NAV per share of the Fund, there is a risk (which may increase during periods of market disruption or volatility) that market prices will vary significantly from the underlying NAV of the Fund.

The Fund's bid-ask spreads and premiums/discounts may be larger than those for traditional ETFs due to the lack of transparency, thus making trading in the Fund's shares more expensive.

Diversification does not eliminate the risk of experiencing investment loss.

Market participants may attempt to reverse engineer the Fund’s trading strategy, which, if successful, could increase opportunities for trading practices that may disadvantage the Fund and its shareholders.

The Fund is subject to certain other risks, including but not limited to, equity securities risk, large-capitalization risk, market risk, active strategy risk, and market trading risk. Investing involves risk, including possible loss of principal. Gains or losses on a single stock may have a greater impact on the Fund. For these and other reasons, there is no guarantee the Fund will achieve its stated objective.

Distribution Rate reflects the investment income per share during the last 12 months divided by the share price at the end of the period, expressed as an annual percentage rate. It is calculated by annualizing the Fund’s most recent distribution. The annualized dividend yield may not reflect the actual yield an investor would receive. 30-Day SEC Yield is a standardized yield computed by dividing the net investment income per share earned during the past 30-day period by the share price at the end of the period, expressed as an annual percentage rate. The 30-Day SEC Yield should be regarded as an estimate of the Fund’s rate of recent investment income, and it may not equal the Fund’s actual distribution rate. Past yields are no guarantee of future yields.

Glossary of Terms contains definitions and additional information.



Opinions expressed are subject to change at any time, are not guaranteed, and should not be considered investment advice.

The Hennessy Funds are offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Hennessy Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Quasar Distributors, LLC, Distributor.

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