Hennessy Large Cap Financial Fund Institutional Class (HILFX)
Hennessy Large Cap Financial Fund Institutional Class operates in the Asset Management industry of the Financial Services sector, headquartered in Novato, CA, US. The stock last traded at $33.33, up 0.85% on the session, giving a market capitalisation of $79.3M. Its beta of 1.09 implies it has historically moved more than the broad market.
This fund aims to generate capital appreciation for its investors. It primarily invests in companies listed on U.S. national stock exchanges, but also gains exposure to foreign companies through American Depositary Receipts (ADRs) or similar U.S. dollar-denominated securities of non-U.S. issuers that are traded on U.S. exchanges. A core component of its strategy is to commit at least 80% of its total net assets (including any borrowed funds for investment) to large-capitalization companies principally operating within the financial services sector. Notably, this fund is structured as a non-diversified investment.
Hennessy Large Cap Financial Fund Institutional Class is most often compared with the following Financial Services names: