HJPIX
Hennessy Japan Fund
Hennessy Funds Trust
Expense ratio1
1.05%
Net assets2
$435.45M
Holdings2
30
Category
International Equity
2025 return3
14.87%

Investment objective & strategy

As of March 2, 2026 · prospectus

Objective. The Hennessy Japan Fund seeks long-term capital appreciation.

Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of Japanese companies. The Fund considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan. Investments primarily include common stocks. As a non-principal investment strategy, the Fund may also invest in preferred stocks, warrants and other rights, securities convertible into or exchangeable for common stocks, such as convertible bonds and investments in Japan real estate investment trusts or other investment companies (including exchange-traded funds, referred to as ETFs) that invest in equity securities of Japanese companies. The Fund invests … Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of Japanese companies. The Fund considers a Japanese company to be a company organized under the laws of Japan, for which the principal securities trading market is Japan, or that has a majority of its assets or business in Japan. Investments primarily include common stocks. As a non-principal investment strategy, the Fund may also invest in preferred stocks, warrants and other rights, securities convertible into or exchangeable for common stocks, such as convertible bonds and investments in Japan real estate investment trusts or other investment companies (including exchange-traded funds, referred to as ETFs) that invest in equity securities of Japanese companies. The Fund invests in companies regardless of market capitalization. As of January 31, 2026, the average market capitalization of the stocks held by the Fund was $62.40 billion. While the Fund is considered a diversified mutual fund, it employs a relatively concentrated investment strategy and may hold securities of fewer issuers than other diversified funds. Using in-depth analysis and on-site research, the Portfolio Managers focus on stocks with a potential value gap by screening for companies that they identify as having strong businesses and management, trading at attractive prices. The Portfolio Managers limit the portfolio to what they consider to be their best ideas and maintain a concentrated number of holdings. The Portfolio Managers typically sell an investment when the reasons for buying it no longer apply, such as when they determine that a companys prospects have changed, that a companys stock is fully valued by the market, or that the company is beginning to show deteriorating fundamentals. They also may sell an investment if it becomes, in their determination, too large of a position in the Fund.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
HITACHI LTD $41.59M 9.55%
MITSUBISHI UFJ F $32.39M 7.44%
TOKYO ELECTRON $31.79M 7.30%
ORIX CORP $31.26M 7.18%
SEVEN I HOLDINGS COMPANY 3382 $26.70M 6.13%
SONY GROUP CORP $26.04M 5.98%
SOMPO HOLDINGS I $22.39M 5.14%
TOKIO MARINE HOLDINGS INC COMMON STOCK 8766 $21.87M 5.02%
FRST AM-GV OB-X TMPXX $21.75M 5.00%
RECRUIT HOLDINGS $19.65M 4.51%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
1
Exited
0
Increased
2
Decreased
10
Unchanged
17

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
Lazard Japanese Equity ETF · JPY 38%
Matthews Japan Fund · MJFOX, MIJFX 33% 1.08%
Matthews Japan Active ETF · JPAN 33% 0.79%
View all similar funds →

Advisers

As of October 31, 2025 · N-CEN
FirmRole
Hennessy Advisors Inc. Adviser
SPARX Asset Management Co., Ltd. Sub-adviser

Footnotes

  1. Expense ratio as of March 2, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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