HGASX – Hennessy Gas Utility Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks income and capital appreciation. The advisor intends to provide investment results that replicate the performance of the American Gas Association Stock Index. The index is maintained by the American Gas Association, a national trade association of natural gas distribution companies, and is licensed exclusively to the Manager for use as an investment strategy. The advisor intends to invest at least 85% of its net assets in the common stock of companies that have natural gas distribution and transmission operations and no attempt is made to actively manage the fund's portfolio by using economic, financial, or market analysis.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
GASFX	Hennessy Gas Utility Fund Investor Class	No Load	Open			May 10, 1989	$408.72M	0.970%	Average	$2,500	−$29.20M
HGASX	Hennessy Gas Utility Fund Institutional Class	Institutional	Open			Mar 1, 2017	$62.42M	0.670%	Low	$250,000	$2.78M

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