About HGASX
Hennessy Gas Utility Fund Institutional Class is a sector-focused mutual fund designed to provide investors with targeted exposure to the natural gas utility industry. The fund seeks to deliver both income and capital appreciation by tracking the performance of the American Gas Association (AGA) Stock Index, which comprises publicly traded members of the AGA. Utilizing an index-based methodology, the fund maintains its portfolio in close alignment with the AGA Stock Index, holding each company in proportion to its index weighting, with no single company exceeding 5% of assets. The portfolio primarily consists of natural gas distributors, pipeline operators, and diversified utility firms, with sector allocations spanning utilities, energy, and a small portion in financials. This disciplined, rules-based approach offers investors access to companies expected to benefit from the ongoing demand for natural gas, emphasizing stability and potential for consistent performance. The fund is actively managed to ensure a high correlation—typically above 95%—with its benchmark, and it is overseen by experienced portfolio managers specializing in utility investments.
Fund Family Hennessy
Category Utilities
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange Nasdaq
Ticker Symbol HGASX
Share Class Institutional Class
Index Index is not available on Lipper Database
HGASX had a total return of 5.99% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.31%.
