Hennessy Balanced Fund Investor Class (HBFBX)
Hennessy Balanced Fund Investor Class operates in the Asset Management industry of the Financial Services sector, headquartered in Novato, CA, US. The stock last traded at $13.60, up 0.15% on the session, giving a market capitalisation of $13.8M. Its beta of 0.48 implies it has historically moved less than the broad market.
This fund employs a two-pronged investment strategy. Approximately half of its capital is allocated to an equally weighted portfolio of the ten top dividend-yielding stocks from the Dow Jones Industrial Average (DJIA), a strategy commonly referred to as the "Dogs of the Dow." To temper market risk and volatility, the remaining 50% of the fund's assets are invested in U.S. Treasury securities that mature in under one year. It operates as a non-diversified fund.
Hennessy Balanced Fund Investor Class is most often compared with the following Financial Services names: