NOVATO, Calif., April 1, 2015 /PRNewswire/ -- Hennessy Funds
today announced that the Hennessy Gas Utility Fund (GASFX) has
received the 2015 Lipper Fund Award for best in category five-year
risk adjusted performance among 15 Utility Funds for the period
ended 11/30/14. This marks the fourth consecutive year that
the Gas Utility Fund has received the five-year Lipper Fund Award.*
Lipper Fund Awards honor mutual funds that have excelled in
delivering consistently stronger performance than their
peers.
"We are very pleased to again be recognized by a prestigious
organization like Lipper for our disciplined, consistent and
repeatable investment management approach," said Neil Hennessy, President and Chief Investment
Officer of Hennessy Funds.
The Hennessy Gas Utility Fund owns the publicly-traded members
of the American Gas Association, a national trade association
comprised entirely of natural gas distribution companies. "While
many funds in our category invest in a very broad range of
different types of utilities, our Fund focuses exclusively on the
distribution side of the natural gas industry," said Skip Aylesworth, Portfolio Manager. "With a 100+
year domestic supply and low and stable pricing, natural gas
represents a compelling investment. The Hennessy Gas Utility
Fund provides an opportunity to invest in the companies that should
benefit from the growing demand for natural gas," Aylesworth
noted.
* The 2012, 2013 and 2014 Lipper Fund Awards were given among
16, 16 and 15 Utility Funds for the five-year periods ending
11/30/11, 11/30/12 and 11/30/13,
respectively.
About Hennessy Funds
Hennessy Funds offers a wide
range of domestic equity, sector, specialty, balanced and fixed
income investment products. Hennessy is committed to its consistent
and repeatable investment process, combining time-tested stock
selection strategies with a highly disciplined, team-managed
approach and to providing superior service to shareholders.
Investors should consider the investment objectives, risks,
charges and expenses carefully before investing. This and other
important information can be found in the Funds' summary and
statutory prospectuses. To obtain a free prospectus, please call
800.966.4354 or visit hennessyfunds.com. Please read the prospectus
carefully before investing.
Mutual fund investing involves risk. Principal loss is possible.
A non-diversified fund, one that may concentrate its assets in
fewer holdings than a diversified fund, is more exposed to
individual stock volatility than a diversified fund. Investments
focused in the natural gas distribution and transmission industry
may be adversely affected by rising interest rates, weather, and
the wholesale pricing of alternative fuels. Investments in foreign
securities involve greater volatility and political, economic and
currency risk and differences in accounting methods. Past
performance does not guarantee future results.
A Lipper Fund Award is awarded to one fund in each Lipper
classification for achieving the strongest trend of consistent
risk-adjusted performance against its classification peers over a
three, five or ten-year period. Although Lipper makes reasonable
efforts to ensure the accuracy and reliability of the data
contained herein, the accuracy is not guaranteed by Lipper. Lipper
Analytical Services, Inc. is an independent mutual fund research
and rating service. © 2015, All Rights Reserved
The Hennessy Funds are distributed by Quasar Distributors, LLC,
Distributor.
Available Topic Expert(s): For information on the listed
expert(s), click appropriate link.
Neil J. Hennessy
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=100270
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SOURCE Hennessy Advisors, Inc.