HNNAZ

Hennessy Advisors, Inc. operates as an investment management firm that provides a range of mutual funds and separate account management services to retail and institutional investors. Headquartered in Novato, California, the company manages the Hennessy Funds family, which comprises approximately 15 mutual funds spanning various investment strategies including large-cap, small-cap, international equity, and sector-specific portfolios. The firm's flagship funds include the Hennessy Gas Utility Index Fund, Hennessy Cornerstone Growth Fund, and Hennessy Focus Fund, which collectively represent a significant portion of assets under management. Hennessy Advisors generates revenue primarily through management fees based on the value of assets under management across its fund family and separately managed accounts. The company serves individual investors, financial advisors, retirement plans, and institutional clients through a network of broker-dealers and distribution partners. As of recent reporting periods, Hennessy Advisors manages approximately $3 billion in total assets. The firm operates with a relatively lean organizational structure, maintaining a focused team of investment professionals and operational staff. The company's investment philosophy emphasizes value-oriented strategies, disciplined portfolio construction, and long-term wealth creation. Hennessy Advisors competes in the asset management industry alongside both large-scale mutual fund complexes and boutique investment firms, differentiating itself through specialized index-tracking products and actively managed strategies.