Hennessy Advisors just gained some big-time broker-dealer distribution. On Wednesday the Novato, California-based fund family revealed that the Hennessy Funds are now on Merrill Lynch's platform.
"We couldn't be more excited and honored that our funds have been selected by one of the world's leading and most respected wealth management companies," stated Hennessy chairman and CEO Neil Hennessy.
Company Press Release
Hennessy Funds Now Available to Merrill Lynch Clients
NOVATO, Calif., June 11 /PRNewswire-FirstCall/ -- Hennessy Advisors,
Inc. (OTC Bulletin Board: HNNA), investment manager of the Hennessy Funds,
today announced an agreement that will make their family of quantitatively
managed mutual funds available to Merrill Lynch clients through Merrill's
vast network of approximately 16,000 professional financial advisors.
"We couldn't be more excited and honored that our Funds have been
selected by one of the world's leading and most respected wealth management
companies," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc.
and Chairman and Portfolio Manager of Hennessy Funds. "With extremely
volatile markets and an ever growing number of investment options, it is no
surprise that more and more investors are seeking the guidance and
resources of an experienced financial advisor, and we believe they are well
served by Merrill Lynch's financial advisors. We are proud to have our
mutual funds represented by such a high-caliber group of investment
professionals," he added.
"I have had the distinct pleasure of working with Merrill Lynch for
many years, and we look forward to a long partnership between Merrill Lynch
and Hennessy Funds," said Kevin Rowell, Hennessy Funds' newly appointed
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is the investment manager of the Hennessy
family of mutual funds. Each of the Hennessy Funds employs a time-tested,
quantitative stock selection strategy and is managed with the discipline
and consistency of an index fund.
The Hennessy Funds are comprised of:
Hennessy Focus 30 Fund (HFTFX-Original class shares;
HIFTX-Institutional class shares)
Hennessy Cornerstone Growth Fund (HFCGX-Original class shares;
HICGX-Institutional class shares)
Hennessy Cornerstone Growth Fund, Series II (HENLX-Original class
shares; HINLX-Institutional class shares)
Hennessy Cornerstone Value Fund (HFCVX-Original class shares;
HICVX-Institutional class shares)
Hennessy Total Return Fund (HDOGX-Original class shares)
Hennessy Balanced Fund (HBFBX-Original class shares)
The funds' investment objectives, risks, charges and expenses must be
considered carefully before investing. The prospectus contains this and
other important information about the investment company, and it may be
obtained by calling 1-800-966-4354. Please read it carefully before
Mutual fund investing involves risk; principal loss is possible. As of
3/31/08, none of the Hennessy Funds held positions in Merrill Lynch. Fund
holdings are subject to change at any time, and should not be considered a
recommendation to buy or sell any security.