Hennessy Japan Small Cap Fund
HJSIX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7250 Redwood Boulevard Novato CA United States of America 94945
- IPO Date
- Jun 15, 2015
- CIK
- 0000891944
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Japan Small Cap Fund (HJSIX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of smaller Japanese companies, typically those with market capitalizations in the bottom 20% of all publicly traded Japanese companies. The Fund, sub-advised by Tokyo-based SPARX Asset Management Co., Ltd., employs a concentrated, high-conviction strategy focused on companies exhibiting well-capitalized balance sheets with minimal debt; durable competitive advantages; high returns on equity; sustainable and predictable above-average earnings growth; strong cash flow generation; and a value gap between intrinsic value and market price. Investments primarily comprise common stocks of small-cap Japanese firms across sectors such as industrials (36.9%), consumer discretionary (13.8%), and information technology (13.4%), with top holdings including Penta-Ocean Construction Co., Ltd., Nishi-Nippon Financial Holdings, Inc., and Maeda Kosen Co., Ltd.; non-principal strategies may include preferred stocks, warrants, convertible securities, and Japan-focused exchange-traded funds or real estate investment trusts. Launched on August 31, 2007, with Investor Class shares (HJPSX) and Institutional Class shares (HJSIX) introduced on June 15, 2015, the Fund is domiciled in the United States and managed by Hennessy Advisors, Inc., with day-to-day portfolio responsibilities led by Portfolio Managers Tadahiro Fujimura, CFA and CMA (since inception), and Takenari Okumura, CMA (since February 2020). Hennessy Funds maintains U.S.-based operations, while sub-advisor SPARX, founded in 1989 and Japan's largest independent asset manager, provides Asia-based research and due diligence on Japanese small-cap opportunities. The Fund targets long-term investors seeking exposure to Japan's small-cap equity market, with total net assets of approximately $140 million as of recent reports and geographic focus exclusively on Japan (94.8% country allocation). In recent developments, the Fund has actively adjusted its portfolio, including adding five new stocks, significantly increasing stakes in 15 positions, fully exiting six holdings such as Cosmos Pharmaceutical Corp. and Tsubakimoto Chain Co., and reducing 11 others during Q3 2025, while maintaining high active share (99%) versus the Russell/Nomura Small Cap Index and portfolio turnover of 28%. Portfolio Managers issued multiple updates in 2025, highlighting opportunities in Japanese small-caps amid rising wages, resilient domestic demand, compelling valuations relative to global peers and historical averages, corporate governance improvements, a new Prime Minister, resolved tariff issues, and currency volatility; they emphasized the advantages of active management with in-depth, culture-immersed research over benchmarks. The Fund's summary prospectus was updated as of February 28, 2025, reflecting ongoing gross expense ratios of 1.13% for Institutional Class shares, with performance showing year-to-date returns of 25.97% for HJSIX as of December 17, 2025.