Hennessy Funds Win Two Lipper Fund Awards for Strong Investment Performance
Rhea-AI Summary
Hennessy Funds has announced that two of its mutual funds have received 2025 Lipper Fund Awards for their consistent strong risk-adjusted performance. The Hennessy Cornerstone Mid Cap 30 Fund (HIMDX) was recognized in the Small-Cap Core Funds category for both 3-year (among 875 funds) and 5-year (among 838 funds) performance through November 30, 2024.
Additionally, the Hennessy Energy Transition Fund (HNRIX) was honored in the Natural Resources Fund category for its 3-year (among 41 funds), 5-year (among 41 funds), and 10-year (among 37 funds) performance. The HIMDX fund maintains a concentrated portfolio of mid-cap companies using a formula-based investment process, while HNRIX focuses on companies across the energy sector spectrum.
Positive
- Two funds recognized for superior risk-adjusted performance
- HIMDX outperformed large peer group of 875 funds in 3-year category
- HNRIX demonstrated consistent long-term performance winning across 3, 5, and 10-year periods
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- None.
The Hennessy Funds honored include:
- Hennessy Cornerstone Mid Cap 30 Fund (HIMDX) 3- and 5-year performance
- Hennessy Energy Transition Fund (HNRIX) 3-, 5- and 10-year performance
"Both Funds have consistently provided strong risk-adjusted returns for our shareholders, and we are honored to be recognized by the esteemed Lipper organization once again," said Ryan Kelley, Chief Investment Officer of Hennessy Funds. "At Hennessy, our goal is to deliver sustained, attractive returns across diverse market conditions, and these accolades reflect our dedication to value investing," he added. Ben Cook, Portfolio Manager of the Hennessy Energy Transition Fund, stated, "It's an honor to be recognized by Lipper for the Fund's performance, which reflects our dedication to an investment process that carefully balances risk and reward across the energy sector."
Hennessy Cornerstone Mid Cap 30 Fund (Institutional Share Class: HIMDX) was honored for its top risk-adjusted performance relative to its peers in the Small-Cap Core Funds category for both its three-year (among 875 funds) and five-year (among 838 funds) performance for the period ended November 30, 2024. The Fund utilizes a formula-based investment process and maintains a concentrated portfolio of mid-cap companies.
Hennessy Energy Transition Fund (Institutional Share Class: HNRIX) was honored for its top risk-adjusted performance relative to its peers in the Natural Resources Fund category for its three-year (among 41 funds), five-year-(among 41 funds) and ten-year (among 37 funds) for the period ended November 30, 2024. The Fund maintains a concentrated portfolio of companies across the full spectrum of the Energy sector.
About Lipper Fund Awards
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by LSEG Lipper.
About Hennessy Funds
Hennessy Funds offers a wide range of domestic equity, multi‑asset, and sector and specialty mutual funds as well as an exchange traded fund (ETF). Hennessy is committed to superior service to shareholders and to its consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach.
Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. This and other important information can be found in the Funds' summary and statutory prospectuses. To obtain a free prospectus, please visit hennessyfunds.com or call 800.966.4354. Please read the prospectus carefully before investing.
Mutual fund investing involves risk. Principal loss is possible. The Hennessy Energy Transition Fund is considered a non-diversified fund. A non-diversified fund, which may concentrate its assets in fewer individual holdings than a diversified fund, is more exposed to individual stock volatility than a diversified fund. A fund that concentrates its investments within one sector may be subject to a higher degree of market risk. The formula-based strategy employed by the Hennessy Mid Cap 30 Fund may cause the Fund to buy or sell securities at times when it may not be advantageous. A fund that concentrates its investments within one country, one sector, or a small group of industries, such as
The Hennessy Funds are distributed by Quasar Distributors, LLC, Distributor.
HMF-697646-2025-03-04
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SOURCE Hennessy Funds
FAQ
What awards did Hennessy Cornerstone Mid Cap 30 Fund (HIMDX) win in 2025?
How many funds did HIMDX outperform to win the Lipper Awards?
What is the investment strategy of the Hennessy Cornerstone Mid Cap 30 Fund (HIMDX)?
How did the Hennessy Energy Transition Fund (HNRIX) perform in the Natural Resources category?
