Hennessy Balanced Fund (HBFBX)
The fund invests approximately 50% of its assets in roughly equal dollar amounts in the ten highest dividend-yielding Dow Jones Industrial Average ("DJIA") stocks (known as the "Dogs of the Dow"), but limits exposure to market risk and volatility by investing approximately 50% of its assets in U.S. Treasury securities with a maturity of less than one year. It is non-diversified.
Fund Info
ISIN | US4258871064 |
---|---|
CUSIP | 425887106 |
Issuer | Hennessy |
Inception Date | Mar 7, 1996 |
Category | Diversified Portfolio |
Min. Investment | $2,500 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
HBFBX features an expense ratio of 0.49%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Balanced 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 Balanced Fund had a return of 6.99% year-to-date (YTD) and 12.29% in the last 12 months. Over the past 10 years, Hennessy Balanced Fund had an annualized return of 4.53%, while the S&P 500 had an annualized return of 10.85%, indicating that Hennessy Balanced Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 6.99% | 17.79% |
1 month | 1.24% | 0.18% |
6 months | 5.31% | 7.53% |
1 year | 12.29% | 26.42% |
5 years (annualized) | 4.37% | 13.48% |
10 years (annualized) | 4.53% | 10.85% |
Monthly Returns
The table below presents the monthly returns of HBFBX, 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 | 0.55% | -0.41% | 2.24% | -1.43% | 1.81% | -0.86% | 3.91% | 0.99% | 6.99% | ||||
2023 | 1.19% | -1.93% | 1.50% | -0.14% | -2.17% | 1.89% | 2.69% | 0.30% | -1.92% | -0.67% | 3.06% | 3.81% | 7.64% |
2022 | 0.27% | -0.79% | 1.52% | -1.05% | 2.69% | -4.83% | 1.20% | -2.15% | -4.16% | 6.29% | 3.84% | -2.19% | 0.06% |
2021 | -0.26% | 2.58% | 4.16% | 0.16% | 1.53% | -0.78% | -0.72% | 0.64% | -2.23% | 1.15% | -2.33% | 4.14% | 8.08% |
2020 | -3.04% | -4.58% | -5.08% | 4.42% | 0.72% | -1.36% | 0.73% | 1.17% | -1.70% | -1.46% | 6.46% | 1.34% | -2.98% |
2019 | 2.49% | 2.26% | 1.11% | 0.33% | -2.51% | 3.20% | 0.32% | -1.77% | 1.21% | 0.33% | 1.29% | 1.20% | 9.71% |
2018 | 2.04% | -2.71% | -0.77% | 0.75% | 0.08% | 0.43% | 1.15% | 0.81% | 0.79% | -1.44% | 2.67% | -3.54% | 0.06% |
2017 | -0.16% | 2.13% | -0.88% | 0.40% | -0.16% | 0.33% | 2.10% | -0.00% | 1.79% | 0.16% | 1.32% | 1.06% | 8.34% |
2016 | -0.99% | 0.17% | 3.70% | 0.65% | 0.24% | 1.84% | 1.26% | -0.31% | 0.47% | -1.63% | 2.44% | 1.13% | 9.21% |
2015 | -1.53% | 2.95% | -1.78% | 1.38% | -0.08% | -1.76% | 0.41% | -3.25% | -1.12% | 5.01% | -0.24% | 0.04% | -0.25% |
2014 | -2.29% | 1.53% | 1.22% | 1.02% | 0.08% | 0.32% | -0.08% | 1.09% | -0.25% | -0.15% | 1.62% | -1.45% | 2.61% |
2013 | 2.63% | 1.08% | 1.66% | 2.26% | -0.16% | -0.24% | 1.82% | -2.18% | 0.48% | 1.98% | 1.01% | 0.73% | 11.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HBFBX is 69, 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 Balanced Fund (HBFBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Balanced Fund granted a 4.78% dividend yield in the last twelve months. The annual payout for that period amounted to $0.58 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.58 | $0.55 | $0.67 | $0.46 | $0.11 | $0.63 | $0.64 | $0.94 | $0.95 | $0.31 | $0.62 | $0.44 |
Dividend yield | 4.78% | 4.63% | 5.82% | 3.79% | 0.95% | 5.20% | 5.51% | 7.62% | 7.76% | 2.53% | 4.98% | 3.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Balanced 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 | $0.04 | $0.03 | $0.09 | $0.04 | $0.04 | $0.08 | $0.04 | $0.00 | $0.00 | $0.36 | |||
2023 | $0.03 | $0.03 | $0.06 | $0.03 | $0.03 | $0.07 | $0.03 | $0.03 | $0.08 | $0.04 | $0.00 | $0.12 | $0.55 |
2022 | $0.00 | $0.00 | $0.00 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.51 | $0.67 |
2021 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.46 |
2020 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.11 |
2019 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.53 | $0.63 |
2018 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.58 | $0.64 |
2017 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.90 | $0.94 |
2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.91 | $0.95 |
2015 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.28 | $0.31 |
2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.61 | $0.62 |
2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
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 Balanced 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 Balanced Fund was 41.62%, occurring on Mar 9, 2009. Recovery took 707 trading sessions.
The current Hennessy Balanced Fund drawdown is 0.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-41.62% | Oct 15, 2007 | 351 | Mar 9, 2009 | 707 | Dec 23, 2011 | 1058 |
-17.82% | May 24, 2002 | 95 | Oct 9, 2002 | 300 | Dec 18, 2003 | 395 |
-17.24% | Jan 3, 2020 | 55 | Mar 23, 2020 | 232 | Feb 23, 2021 | 287 |
-13.18% | May 11, 1999 | 217 | Mar 10, 2000 | 206 | Jan 4, 2001 | 423 |
-10.06% | Apr 21, 2022 | 113 | Sep 30, 2022 | 230 | Aug 31, 2023 | 343 |
Volatility
Volatility Chart
The current Hennessy Balanced Fund volatility is 1.75%, 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.