January 2020
Utilities have a real opportunity to switch from more traditional fossil-fuel-type sources to renewables, says Ryan Kelley Portfolio Manager of the Hennessy Gas Utility Fund.
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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 in foreign securities may involve political, economic and currency risks, greater volatility and differences in accounting methods. Investments are focused in the natural gas distribution and transmission industry; sector funds may be subject to a higher degree of market risk.
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. Performance data current to the most recent month end may be obtained by visiting hennessyfunds.com.
Earnings growth is not a measure of the Fund's future performance.
The Hennessy Funds are distributed by Quasar Distributors, LLC.