Hennessy Energy Transition Fund (HNRIX)
The investment seeks total return. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in companies operating in the United States in a capacity related to the supply, transportation, production, transmission, or demand of energy, also known as the energy value chain. It invests primarily in common stocks and invests without regard to market capitalization. The fund may also invest up to 25% of its total assets in securities of energy-related master limited partnerships ("MLPs").
Fund Info
| ISIN | US42588P7345 |
|---|---|
| CUSIP | 42588P734 |
| Issuer | Hennessy |
| Inception Date | Dec 30, 2013 |
| Category | Energy Equities |
| Min. Investment | $250,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
HNRIX has a high expense ratio of 1.92%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Energy Transition 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 Energy Transition Fund had a return of 8.26% year-to-date (YTD) and 2.18% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 8.26% | 18.13% |
| 1 month | -3.03% | 1.45% |
| 6 months | 0.11% | 8.81% |
| 1 year | 2.18% | 26.52% |
| 5 years (annualized) | 14.66% | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of HNRIX, 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 | -2.81% | 3.74% | 11.11% | 0.52% | 2.53% | -3.58% | 2.86% | -1.77% | 8.26% | ||||
| 2023 | 3.91% | -5.46% | -3.42% | 1.18% | -8.06% | 9.80% | 10.34% | 0.68% | 0.00% | -1.40% | -1.30% | -0.66% | 4.09% |
| 2022 | 12.57% | 9.03% | 10.29% | -1.17% | 14.54% | -18.71% | 9.64% | 2.17% | -9.82% | 23.44% | 1.14% | -5.81% | 47.97% |
| 2021 | 7.57% | 18.61% | 2.05% | 0.94% | 7.28% | 5.00% | -9.35% | -1.95% | 13.96% | 7.95% | -6.40% | 2.89% | 55.91% |
| 2020 | -11.71% | -14.88% | -46.60% | 45.32% | 4.22% | -1.07% | 3.01% | 2.82% | -14.43% | 5.11% | 22.94% | 5.61% | -25.63% |
| 2019 | 14.79% | 0.96% | 1.06% | 2.16% | -14.77% | 9.87% | -2.45% | -11.22% | 3.46% | -2.73% | -0.70% | 9.34% | 6.05% |
| 2018 | 3.53% | -5.57% | -16.43% | -18.30% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HNRIX is 3, indicating that it is in the bottom 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hennessy Energy Transition Fund (HNRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Energy Transition Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.18 | $2.11 | $0.00 | $0.03 |
Dividend yield | 0.00% | 0.00% | 0.76% | 13.34% | 0.00% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Energy Transition 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.11 | $2.11 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.03 | $0.03 |
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 Energy Transition 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 Energy Transition Fund was 74.75%, occurring on Mar 18, 2020. Recovery took 459 trading sessions.
The current Hennessy Energy Transition Fund drawdown is 7.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.75% | Nov 8, 2018 | 340 | Mar 18, 2020 | 459 | Jan 11, 2022 | 799 |
| -28.56% | Jun 8, 2022 | 25 | Jul 14, 2022 | 292 | Sep 12, 2023 | 317 |
| -12.55% | Oct 19, 2023 | 62 | Jan 18, 2024 | 42 | Mar 19, 2024 | 104 |
| -10.35% | Apr 11, 2024 | 106 | Sep 11, 2024 | — | — | — |
| -10.08% | Apr 19, 2022 | 6 | Apr 26, 2022 | 19 | May 23, 2022 | 25 |
Volatility
Volatility Chart
The current Hennessy Energy Transition Fund volatility is 5.72%, 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.