Hennessy Gas Utility Fund (GASFX)
The advisor intends to provide investment results that replicate the performance of the American Gas Association Stock Index. The index is maintained by the American Gas Association, a national trade association of natural gas distribution companies, and is licensed exclusively to the Manager for use as an investment strategy. The advisor intends to invest at least 85% of its net assets in the common stock of companies that have natural gas distribution and transmission operations and no attempt is made to actively manage the fund's portfolio by using economic, financial, or market analysis.
Fund Info
| ISIN | US42588P8335 |
|---|---|
| CUSIP | 42588P833 |
| Issuer | Hennessy |
| Inception Date | May 9, 1989 |
| Category | Utilities Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
GASFX has a high expense ratio of 1.00%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: GASFX vs. JEPQ, GASFX vs. VTSAX, GASFX vs. BTC-USD
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Gas Utility Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Hennessy Gas Utility Fund had a return of 27.54% year-to-date (YTD) and 30.02% in the last 12 months. Over the past 10 years, Hennessy Gas Utility Fund had an annualized return of 1.70%, while the S&P 500 had an annualized return of 11.39%, indicating that Hennessy Gas Utility Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 27.54% | 25.45% |
| 1 month | 5.25% | 2.91% |
| 6 months | 19.26% | 14.05% |
| 1 year | 30.02% | 35.64% |
| 5 years (annualized) | 2.26% | 14.13% |
| 10 years (annualized) | 1.70% | 11.39% |
Monthly Returns
The table below presents the monthly returns of GASFX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.86% | 1.34% | 4.65% | -0.08% | 3.81% | -1.34% | 6.29% | 4.15% | 2.98% | 1.29% | 27.54% | ||
| 2023 | 1.67% | -4.53% | 2.12% | 2.44% | -5.76% | 3.67% | 2.41% | -4.14% | -4.03% | 0.18% | 5.41% | -2.39% | -3.66% |
| 2022 | 2.15% | 1.25% | 9.51% | -2.19% | 4.51% | -8.51% | 7.13% | -1.42% | -10.95% | 5.03% | 5.87% | -10.14% | -0.47% |
| 2021 | -0.94% | -1.99% | 10.85% | 4.64% | 0.61% | -2.25% | 1.21% | 1.04% | -3.87% | 4.28% | -2.72% | -0.55% | 9.84% |
| 2020 | 2.62% | -10.29% | -12.14% | 6.05% | 1.60% | -3.63% | 4.21% | -1.37% | -2.25% | 1.73% | 6.23% | -8.06% | -16.15% |
| 2019 | 7.35% | 2.89% | 3.28% | 0.35% | -1.31% | 3.70% | -1.97% | 1.15% | 3.45% | -1.36% | -2.63% | -0.54% | 14.78% |
| 2018 | -3.09% | -5.71% | 2.23% | 2.96% | 1.17% | 2.91% | 1.17% | 0.44% | -0.90% | -1.61% | 3.17% | -13.61% | -11.57% |
| 2017 | 2.33% | 2.62% | 0.51% | 0.17% | 2.05% | -1.71% | 2.50% | 1.32% | -1.73% | 1.00% | 1.78% | -4.28% | 6.49% |
| 2016 | 2.39% | 2.13% | 7.32% | 1.00% | 1.02% | 7.36% | 0.03% | -3.49% | 2.73% | -1.96% | -1.54% | 1.13% | 19.02% |
| 2015 | -0.39% | -1.78% | 0.33% | 1.11% | -0.40% | -4.95% | 1.34% | -4.22% | -3.48% | 5.09% | -4.95% | -6.85% | -18.09% |
| 2014 | 1.28% | 3.13% | 2.72% | 3.64% | 1.67% | 5.03% | -4.75% | 6.06% | -3.24% | 3.40% | -0.99% | -1.02% | 17.63% |
| 2013 | 5.33% | 1.97% | 6.20% | 4.39% | -5.19% | -0.51% | 5.99% | -4.00% | 3.11% | 4.30% | -1.16% | 0.89% | 22.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GASFX is 45, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hennessy Gas Utility Fund (GASFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Gas Utility Fund provided a 2.11% dividend yield over the last twelve months, with an annual payout of $0.61 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.59 | $0.50 | $0.52 | $0.62 | $0.59 | $0.65 | $0.72 | $0.60 | $0.75 | $0.65 | $0.59 |
Dividend yield | 2.11% | 2.57% | 2.05% | 2.06% | 2.63% | 2.08% | 2.55% | 2.43% | 2.12% | 3.06% | 2.11% | 2.21% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Gas Utility Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.46 | |
| 2023 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.59 |
| 2022 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.09 | $0.52 |
| 2020 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.15 | $0.62 |
| 2019 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.59 |
| 2018 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.65 |
| 2017 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.12 | $0.72 |
| 2016 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.60 |
| 2015 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.21 | $0.75 |
| 2014 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.17 | $0.65 |
| 2013 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.59 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Hennessy Gas Utility Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hennessy Gas Utility Fund was 55.67%, occurring on Oct 9, 2002. Recovery took 951 trading sessions.
The current Hennessy Gas Utility Fund drawdown is 0.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -55.67% | Nov 29, 2000 | 463 | Oct 9, 2002 | 951 | Jul 24, 2006 | 1414 |
| -51.57% | Dec 11, 2007 | 311 | Mar 9, 2009 | 598 | Jul 21, 2011 | 909 |
| -37.26% | Sep 27, 2019 | 122 | Mar 23, 2020 | 512 | Apr 1, 2022 | 634 |
| -25.93% | Sep 8, 2014 | 345 | Jan 20, 2016 | 305 | Apr 5, 2017 | 650 |
| -24.09% | Apr 21, 2022 | 364 | Oct 2, 2023 | 262 | Oct 16, 2024 | 626 |
Volatility
Volatility Chart
The current Hennessy Gas Utility Fund volatility is 4.18%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.