NOVATO, Calif., March 15, 2013 /PRNewswire/ -- Hennessy Funds today announced that the Hennessy Gas Utility Index Fund (GASFX) and Hennessy Japan Fund (HJPIX) have each been named a 2013 Lipper Fund Award winner. Lipper Fund Awards honor mutual funds that have excelled in delivering consistently stronger performance than their peers. The Hennessy Gas Utility Index Fund was recognized for both the best three-year and five-year risk adjusted performance among 16 Utility Funds, while the Hennessy Japan Fund was recognized for the best three-year performance among 10 Japanese Funds, for the period ended 11/30/12.
"These Lipper awards are a testament to the quality of our investment management team and reflects our disciplined, consistent and repeatable money management approach," said Neil Hennessy, President and Chief Investment Officer of Hennessy Funds. "We are very pleased to be recognized for our focus on long-term investing and for our attention to downside risk," he noted.
The Hennessy Gas Utility Index Fund utilizes the American Gas Association Index, providing investors with the opportunity to capitalize on distribution companies that supply the growing demand for natural gas. The Hennessy Japan Fund is actively managed and sub-advised by SPARX Asset Management Co. Ltd., located in Tokyo, Japan. The Fund is invested primarily in global, export-oriented companies headquartered in Japan and has the potential to capitalize on a weaker yen.
About Hennessy Funds Hennessy Funds offers a wide range of domestic equity, sector, specialty, balanced and fixed income investment products. Hennessy is committed to its consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach and to providing superior service to shareholders. The investment manager of the Hennessy Funds is Hennessy Advisors, Inc. (HNNA).Past performance does not guarantee future results. The Funds' investment objective, risks, charges and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company, and it may be obtained by calling 800-966-4354 or by visiting www.hennessyfunds.com. Please read it carefully before you invest or send money. Mutual fund investing involves risk. Principal loss is possible. Small and medium-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Investments in foreign securities involve greater volatility and political, economic and currency risk and differences in accounting methods. A non-diversified fund, one that may concentrate its assets in fewer holdings than a diversified fund, is more exposed to individual stock volatility than a diversified fund. Investments focused in the natural gas distribution and transmission industry may be adversely affected by rising interest rates, weather, and the wholesale pricing of alternative fuels. The American Gas Association (AGA) Stock Index is a market capitalization weighted index, adjusted monthly, consisting of member companies of the AGA. One cannot invest directly in an index.