Hennessy Small Cap Financial Fund (HSFNX)
Hennessy Small Cap Financial Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Novato, CA, US. The stock last traded at $30.06, up 0.77% on the session, giving a market capitalisation of $259.4M. Its beta of 1.01 implies it has historically moved more than the broad market.
Under typical circumstances, this fund allocates a minimum of 80% of its net assets to securities issued by small-capitalization companies primarily engaged in providing financial services. The fund's managers define a small-cap company as one possessing a market capitalization below $3 billion at the time of purchase. Additionally, the fund limits its exposure to equity-related instruments of any single company to no more than 5% of its total assets, specifically when that company derives over 15% of its revenue from brokerage or investment management activities. This investment vehicle operates on a non-diversified basis.
Hennessy Small Cap Financial Fund is most often compared with the following Financial Services names: