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Hennessy Japan Small Cap Fund Investor Class

  • Symbol: HJPSX
  • No Transaction Fee No Transaction Fee 1
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Morningstar® Snapshot*

AS OF 05/31/2015; MORNINGSTAR CATEGORY: Japan Stock
Returns 4 out of 5, Above Average Returns
LOWAVGHIGH
Expenses 5 out of 5, High Fees
LOWAVGHIGH
Risk of this Category Category Risk Rating:6, where 1 is Lower and 10 is Higher
LOWERHIGHER

*Data provided by Morningstar.

Performance

 2 More Information
AS OF 5/31/2015
Average Annual Returns
YTD (Daily)* 1 Yr 3 Yr 5 Yr Life
YTD (Daily)* +17.55% 1 Yr +14.75% 3 Yr +21.72% 5 Yr +15.27% Life of Fund +9.21%
*AS OF 7/5/2015; Value is cumulative

Hypothetical Growth of $10,000

 3, 4 More Information
AS OF 05/31/2015; MORNINGSTAR CATEGORY: Japan Stock
Shows growth of hypothetical $10,000 investment in Hennessy Japan Small Cap Fund Investor Class compared to TOPIX,Japan Stock over the selected time period
Hennessy Japan Small Cap Fund Investor Class
Japan Stock

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The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
This Fund -- -- -- -22.31% 13.88% 23.99% -4.17% 12.76% 33.17% 8.75% 12.05%
Benchmark 26.08% 2.05% -5.19% -26.82% 4.79% 15.89% -12.50% 7.54% 27.03% -3.33% 15.83%
Category 32.69% -1.75% -9.10% -35.14% 7.42% 11.94% -13.46% 11.27% 26.70% -3.94% 15.32%
+/- Benchmark -- -- -- 4.51% 9.09% 8.10% 8.33% 5.22% 6.14% 12.08% -3.78%
+/- Category -- -- -- 12.83% 6.46% 12.05% 9.29% 1.49% 6.47% 12.69% -3.27%

Compare Chart| Fund Facts Search

The performance data featured represents past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate; therefore, you may have a gain or loss when you sell your shares. Current performance may be higher or lower than the performance data quoted.

Fund Manager(s)

More Information
Tadahiro Fujimura since 8/31/2007 Hidehiro Moriya since 6/30/2012

Fund Overview

Objective

The investment seeks long-term capital appreciation.

Strategy

The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of smaller Japanese companies, generally defined as those companies with market capitalizations in the bottom 15% of all publicly-traded Japanese companies. The fund's manager 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.

Risk

Foreign securities are subject to interest-rate, currency-exchange-rate, economic, and political risks, all of which may be magnified in emerging markets. These risks are particularly significant for funds that focus on a single country or region. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, economic or other developments. Additional risk information for this product may be found in the prospectus or other product materials, if available.

Additional Disclosures

A mutual fund registered under Sparx Asia Funds, and managed by Hennessy Advisors, Inc. This description is only intended to provide a brief overview of the fund. Read the fund's prospectus for more detailed information about the fund.

Details

More Information
Morningstar Category
Japan Stock
Fund Inception
8/31/2007
NAV
7/6/2015
$10.95
Glossary definition opens in new window.Exp Ratio (Gross)
6/15/2015
2.18%
($21.80 per $1000)
Glossary definition opens in new window.Exp Ratio (Net)
6/15/2015
2.18%
($21.80 per $1000)
Minimum to Invest 5
$2,500.00
Turnover Rate
10/31/2014
63%
Glossary definition opens in new window.Portfolio Net Assets ($M)
5/31/2015
$18.73

Portfolio Data

30-Day Yield 6
0.08%
7/31/2014

Top 10 Holdings

 7 More Information
AS OF 3/31/2015
Top 10 Holdings
Sankyo Seiko Co Ltd 2.60%
Kondotec Inc. 2.57%
Hanwa Co., Ltd. 2.54%
Okamura Corporation 2.53%
Hakudo Co Ltd 2.45%
Tokai Tokyo Financial Holdings Inc. 2.38%
Ryobi Ltd 2.34%
Hagihara Industries Inc. 2.32%
Nakano Corporation 2.32%
Nittoku Engineering Co., Ltd. 2.30%
% of Total Portfolio 24.35%
Total # of holdings: 59 as of 3/31/2015

Quarter-End Average Annual Total Returns

 3, 2 More Information
AS OF 3/31/2015; FUND INCEPTION 8/31/2007 Glossary definition opens in new window.

EXPENSE RATIO (GROSS):
2.18% AS OF 6/15/2015
1 Yr 3 Yr 5 Yr 10 Yr Life
Glossary definition opens in new window.Before Taxes
Hennessy Japan Small Cap Fund Investor Class 10.33% 16.22% 13.07% -- 8.50%
TOPIX 12.23% 9.60% 6.42% 3.40% 1.10%
Japan Stock 12.02% 9.74% 7.75% 3.47% --
Glossary definition opens in new window.After Taxes on Distributions
Hennessy Japan Small Cap Fund Investor Class 7.57% 10.92% 9.93% -- 6.24%
Japan Stock 9.49% 8.29% 6.82% 3.05% --
Glossary definition opens in new window.After taxes on distributions and sale of fund shares
Hennessy Japan Small Cap Fund Investor Class 7.15% 11.37% 9.62% -- 6.15%
Japan Stock 6.28% 6.88% 5.75% 2.66% --

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2015 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or redistributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Fidelity does not review the Morningstar data and, for fund performance, you should check the fund's current prospectus or other product materials for the most up-to-date information concerning applicable loads, fees and expenses.

1. No Transaction Fee funds are available without paying a transaction fee. No Transaction Fee funds will also be offered without a load or on a load waived basis. However, the fund may charge a short term trading fee or a redemption fee. Other fees and expenses, including those which apply to a continued investment in the fund, are described in the fund's current prospectus. Fidelity Brokerage Services LLC ("FBS"), or its affiliates, receives compensation in connection with (i) access to, purchase or redemption of, and/or maintenance of positions in mutual funds and other investment products ("funds"), (ii) platform infrastructure needed to support such funds as well as additional compensation for shareholder services, platform infrastructure support and maintenance, and other programs and/or (iii) a fund's attendance at events for FBS's clients and/or representatives, and opportunities for the fund to promote its products and services. This compensation may take the form of sales loads and 12b-1 fees described in the prospectus and/or additional compensation paid by the fund, its investment adviser or an affiliate. Additional information about the source(s) and amount(s) of this compensation as well as any other remuneration received by FBS or its affiliates will be furnished upon request.

2. Total returns are historical and include change in share value and reinvestment of dividends and capital gains, if any. Cumulative total returns are reported as of the period indicated. Life of fund figures are reported as of the commencement date to the period indicated and are cumulative if the fund is less than one year old. Total returns do not reflect the fund's [%] sales charge. If sales charges were included, total returns would have been lower.

3. The Morningstar Category Average is the average return for the peer group based on the returns of each individual fund within the group, for the period shown. This average assumes reinvestment of dividends.

4. This chart illustrates the performance of a hypothetical $10,000 investment made in this investment product (and a benchmark or category average, if shown) from the beginning date shown or on the inception date of the product (whichever is later). The inception date used for products with underlying funds, or multiple shares classes, or are offered as a separate account, strategy or sub account, may be the inception date of the underlying fund, the earliest share class of the product, or the date composite performance for the product was first made available. The product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Benchmark returns include reinvestment of capital gains and dividends, if any, but do not reflect any fees or expenses. It is not possible to invest in an index. Past performance is no guarantee of future results. This chart is not intended to imply any future performance of the investment product.

5. Initial minimum investments into group retirement accounts such as Fidelity Simplified Employee Pension-IRA, Keogh, Self-Employed 401(k), and Non-Fidelity Prototype Retirement accounts are $500 or higher. Additional investments into Regular, IRA, and Group accounts are $250 or higher.

6. A standard yield calculation developed by the Securities and Exchange Commission for bond funds. The yield is calculated by dividing the net investment income per share earned during the 30-day period by the maximum offering price per share on the last day of the period. The yield figure reflects the dividends and interest earned during the 30-day period, after the deduction of the fund's expenses. It is sometimes referred to as "SEC 30-Day Yield" or "standardized yield".

7. Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. They may not be representative of the fund's current or future investments. Some breakdowns may be intentionally limited to a particular asset class or other subset of the fund's entire portfolio, particularly in multi-asset class funds where the attributes of the equity and fixed income portions are different.

Under the asset allocation section, international (or foreign) assets may be reported differently depending on how an investment options reports its holdings. Some do not report international (or foreign) holdings here, but instead report them in a "Regional Diversification" section. Some report them in this section as an to the equity, bond and other allocation shown. Others report international (or foreign) holding as a subset of the equity and bond allocations shown. If the allocation without the foreign component (or round to) 100%, then international (or foreign) is a subset of the equity and bond percentage shown.

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Before investing, consider the investment objectives, risks, charges and expenses of the fund or annuity and its investment options. Contact Fidelity for a free prospectus and, if available, summary prospectus containing this information. Read it carefully.

Morningstar Category: Japan Stock
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