Hennessy Gas Utility Fund (GASFX)

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Hennessy Gas Utility Fund (GASFX) is up 10.7% since the beginning of the year. GASFX is currently trading at $29 per share. Investors who bought $1,000 worth of GASFX shares 5 years ago would now be looking at an investment worth $1,816.

Hennessy Gas Utility Fund (GASFX) has returned 10.69% so far this year and 15.67% over the past 12 months. Over the last ten years, GASFX has returned 9.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.

Based on dividend-adjusted daily data since May 10, 1989, GASFX's average daily return is +0.04%, while the average monthly return is +0.82%. At this rate, an investment would double in approximately 7.1 years.

Historically, 63% of months were positive and 37% were negative. The best month was Sep 1998 with a return of +12.4%, while the worst month was Jul 2002 at -14.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.

On a daily basis, GASFX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +14.8%, while the worst single day was Dec 13, 2000 at -11.2%.

Hennessy Gas Utility Fund has an annualized alpha of 3.67%, beta of 0.64, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since May 10, 1989.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (63.30%) than losses (54.26%) - typical of diversified or defensive assets.
• Beta of 0.64 may look defensive, but with R2 of 0.50 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.50 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.

GASFX has a high expense ratio of 1.00%, indicating above-average management fees.

GASFX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Hennessy Gas Utility Fund provided a 10.96% dividend yield over the last twelve months, with an annual payout of $3.19 per share. The fund has been increasing its distributions for 2 consecutive years.

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.

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.

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 49.33%, occurring on Oct 9, 2002. Recovery took 671 trading sessions.

The current Hennessy Gas Utility Fund drawdown is 3.96%.

The chart below shows the rolling one-month volatility.