Hennessy Funds Receive National Recognition

NOVATO, Calif., Sept. 26, 2014 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) is pleased to announce that its family of Hennessy mutual funds has recently received national recognition by several leading financial services companies. Recent accolades for the Hennessy Funds include:

• Cornerstone Mid Cap 30, Japan, Japan Small Cap and Gas Utility Index Funds each ranked among the best performers in their categories in the 2014 Kiplinger's Annual Mutual Fund Winners¹ published in the September 2014 issue.
• Gas Utility Index, Focus, Equity and Income, Small Cap Financial and Large Cap Financial Funds were named to the list of Fund Picks From Fidelity®².
• Large Cap Financial Fund was named to the Schwab Q3 2014 Mutual Fund OneSource Select List®³.
• Seven Hennessy Funds have earned a 4 or 5-Star Overall Morningstar Rating as of August 31, 2014⁴.

"We understand that investors have thousands of mutual funds to choose from, so we are proud to be ranked so highly and to be included on a number of recommended lists alongside some of the industry's largest and most recognizable fund companies," said Neil Hennessy, President and Chief Investment Officer. "We are disciplined, process-oriented investment managers, and we remain steadfast in our goal to deliver above average performance over time and do so without undue risk," added Mr. Hennessy.

About Hennessy Funds

Hennessy Funds offers a wide range of domestic equity, sector, specialty, balanced and fixed income investment products. Hennessy is committed to its consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach and to providing superior service to shareholders.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. This and other important information can be found in the Funds' summary and statutory prospectuses. To obtain a free prospectus, please call 800.966.4354 or visit hennessyfunds.com. Please read the prospectus carefully before investing.  Please see important disclosures on reverse.

Mutual fund investing involves risk. Principal loss is possible. Small and medium-capitalization companies tend to have more limited liquidity and greater price volatility than large-capitalization companies. Investments in foreign securities may involve greater volatility and political, economic and currency risk and differences in accounting methods. A non-diversified fund, one that may concentrate its assets in fewer individual holdings than a diversified fund, is more exposed to individual stock volatility than a diversified fund. A fund that concentrates its investments within one or a small group of industries may be more volatile than a fund that invests in a broader range of industries. Real estate values (and the values of real estate-related securities) fluctuate with changes in general and local economic conditions and are particularly sensitive to economic downturns. IPO shares are subject to market risk and liquidity risk. The yields and principal values of debt securities will also fluctuate. Generally, values of debt securities change inversely with interest rates. Some Funds may invest a portion of its assets in lower rated, high-yielding bonds (commonly known as "junk bonds"). Mortgage- and asset-backed securities are subject to prepayment risk, which is the risk that the borrower will prepay some or all of the principal owed to the issuer.

¹ As of 6/30/14, the following funds made Kiplinger's Top Performing Mutual Funds List: Hennessy Cornerstone Mid Cap 30 Fund was #1 in the midsize company stock fund category for 10 years out of 255 funds, Hennessy Japan Small Cap Fund was #1 and Hennessy Japan Fund was #10 in the regional and single country fund category for 3 years out of 106 funds, Hennessy Gas Utilities Index Fund was #7 in the sector fund category for 10 years out of 236 funds. The funds above did not qualify for other time periods. Returns are annualized as of 6/30/14 and rankings show the top-performing mutual funds over various periods in 11 categories. Lists only include funds with modest minimum investment requirements and excludes leveraged index funds.

² The funds on the Fund Picks From Fidelity® list are selected based on certain selection criteria. Fund Picks From Fidelity is not a personalized recommendation or endorsement of any fund for an investor's individual circumstances.

³ The Schwab Mutual Fund OneSource Select List® is provided by Schwab on a quarterly basis. All mutual funds on the list have been rigorously screened and have no loads or transaction fees. While the funds are no-load, management fees and other expenses will apply. Please refer to the prospectus for further details. Charles Schwab & Co., Inc., member SIPC, receives remuneration from fund companies participating in the Mutual Fund OneSource service for recordkeeping and shareholder services and other administrative services. Schwab also may receive remuneration from transaction fee fund companies for certain administrative services.

⁴ Morningstar Proprietary Ratings reflect risk-adjusted performance as of 8/31/14. For each fund with at least a three year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in distribution percentage. As of 8/31/14, Hennessy Focus Fund received 4 stars for the Overall, 5 stars for the three-year, 4 stars for the five-year and 4 stars for the ten-year periods among 642, 642, 582 and 424 Mid-Cap Growth Funds, respectively. Hennessy Cornerstone Mid Cap 30 Fund received 5 stars for the Overall, 4 stars for the three-year, 5 stars for the five-year and 5 stars for the ten-year periods among 317, 317, 299 and 182 Mid-Cap Blend Funds, respectively. Hennessy Cornerstone Large Growth Fund received 4 stars for the Overall, 3 stars for the three-year and 5 stars for the five-year periods among 1339, 1339 and 1203 Large Blend Funds, respectively. Hennessy Equity and Income Fund received 4 stars for the Overall, 3 stars for the three-year, 4 stars for the five-year and 5 stars for the ten-year periods among 739, 739, 653 and 423 Moderate Allocation Funds, respectively. Hennessy Gas Utility Index Fund received 5 stars for the Overall, 4 stars for the three-year, 5 stars for the five-year and 5 stars for the ten-year periods among 62, 62, 58 and 47 Utilities Funds, respectively. Hennessy Japan Fund received 4 stars for the Overall, 4 stars for the three-year, 5 stars for the five-year and 4 stars for the ten-year periods among 27, 27, 20 and 9 Japan Stock Funds, respectively. Hennessy Japan Small Cap Fund received 4 stars for the Overall, 5 stars for the three-year and 4 stars for the five-year periods among 27, 27 and 20 Japan Stock Funds, respectively. ©Morningstar, Inc. All Rights Reserved. Past performance does not guarantee future results.

The Hennessy Funds are distributed by Quasar Distributors, LLC, Distributor.

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.
Neil J. Hennessy
http://www.profnetconnect.com/neil_hennessy

SOURCE Hennessy Advisors, Inc.