« BusinessWeek Mutual Fund Scoreboard | Main | Forbes 2006 Mutual Fund Guide »
Thursday, January 19, 2006
Spotlight: Hennessy Focus 30 Fund
Among 6,780 U.S. diversified equity funds tracked by Lipper, The Hennessy Focus 30 Fund was the top performing diversified mutual fund in the U.S. for 2005. The no-load Hennessy Focus 30 Fund returned 32.74% for the one-year period ending 12/31/05, compared with a return of 4.91% for the S&P 500 Index for the one-year period. The Focus 30 Fund has averaged a return of 23.09% annually since its inception on 9/17/03, compared with an average return of 10.91% for the S&P 500 for the same period.