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NOVATO, Calif., March 17, 2025 /PRNewswire/ -- Hennessy Funds announced that two of its mutual funds received 2025 Lipper Fund Awards in recognition of consistently strong risk-adjusted performance relative to their peers over periods of three or more years.
The Hennessy Funds honored include:
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Hennessy Cornerstone Mid Cap 30 Fund (HIMDX) 3- and 5-year performance
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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.
