Hennessy Japan Fund Institutional Class
HJPIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7250 Redwood Boulevard Novato CA United States of America 94945
- IPO Date
- Oct 31, 2003
- CIK
- 0000891944
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Japan Fund Institutional Class (HJPIX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of Japanese companies, maintaining a highly concentrated portfolio of high-quality, globally oriented firms with sustainable growth potential, durable competitive advantages, strong balance sheets, high returns on equity, predictable earnings growth, and robust cash flows. The Fund offers Investor Class (HJPNX) and Institutional Class (HJPIX) shares, with the Institutional Class featuring a gross expense ratio of 1.02%; it benchmarks performance against the Russell/Nomura Total Market Index and Tokyo Stock Price Index, emphasizing companies exhibiting value gaps relative to intrinsic worth, sector allocations led by financials (30%), industrials (18.8%), and consumer discretionary (14.5%), and top holdings including SoftBank Group Corp. (8.01%), Hitachi Ltd. (7.68%), and Sony Group Corp. (7.48%) as of September 30, 2025. Sub-advised by Tokyo-based SPARX Asset Management Co., Ltd., the largest independent asset manager in Japan since 1989, the Fund benefits from Asia-based research and due diligence. Launched on October 31, 2003, the Fund is managed by Hennessy Funds, headquartered in Novato, California, with additional offices in Boston, Massachusetts; Chapel Hill, North Carolina; Austin and Dallas, Texas; the broader Hennessy Advisors, Inc. was founded in 1989 and oversees $4.1 billion in assets across 17 funds. Operations focus exclusively on Japanese equities, with 94.3% country allocation to Japan and total fund assets of $445 million as of September 30, 2025; it targets institutional and retail investors seeking exposure to Japan's economic rebound amid corporate governance reforms, inflation-driven consumer shifts, wage growth, and attractive valuations relative to global developed markets. Recent strategic adjustments include increased stakes in SoftBank Group Corp. in June and September 2025, reflecting portfolio managers' emphasis on compelling opportunities amid currency volatility, new prime ministerial influences, and U.S.-Japan trade agreements; portfolio turnover remains low at 15%, with active share of 74% versus the benchmark. Hennessy Funds continues its acquisition strategy, with the 2009 integration of the SPARX Japan Fund forming the basis of HJPIX, followed by recent 2024 merger of the CCM Core Impact Equity Fund into the Hennessy Sustainable ETF; annual CIO Roundtables, including the 2025 edition, underscore ongoing market outlooks on sustained inflation reshaping Japanese consumer behavior and structural labor shortages. The Fund distributed long-term capital gains of $0.83671 (Investor) and $0.87231 (Institutional) per share on December 4, 2025.