Hennessy Cornerstone Large Growth Fund
|
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Schedule of Investments
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||||||||||||
January 31, 2021 (Unaudited)
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|
Number of
|
% of
|
||||||||||
|
Shares
|
Value
|
Net Assets
|
|||||||||
COMMON STOCKS - 99.35%
|
||||||||||||
Communication Services - 7.10%
|
||||||||||||
Electronic Arts, Inc.
|
21,200
|
$
|
3,035,840
|
2.35
|
%
|
|||||||
Omnicom Group, Inc.
|
30,100
|
1,877,638
|
1.45
|
%
|
||||||||
ViacomCBS, Inc.
|
87,988
|
4,267,418
|
3.30
|
%
|
||||||||
|
9,180,896
|
7.10
|
%
|
|||||||||
Consumer Discretionary - 21.36%
|
||||||||||||
Advance Auto Parts, Inc.
|
16,200
|
2,416,068
|
1.87
|
%
|
||||||||
AutoZone, Inc. (a)
|
2,200
|
2,460,414
|
1.90
|
%
|
||||||||
Best Buy Co., Inc.
|
27,200
|
2,959,904
|
2.29
|
%
|
||||||||
Darden Restaurants, Inc.
|
20,000
|
2,337,800
|
1.81
|
%
|
||||||||
DR Horton, Inc.
|
38,400
|
2,949,120
|
2.28
|
%
|
||||||||
eBay, Inc.
|
61,200
|
3,458,412
|
2.68
|
%
|
||||||||
Las Vegas Sands Corp.
|
37,100
|
1,784,139
|
1.38
|
%
|
||||||||
PulteGroup, Inc.
|
51,500
|
2,240,250
|
1.73
|
%
|
||||||||
Target Corp.
|
20,000
|
3,623,400
|
2.80
|
%
|
||||||||
Tractor Supply Co.
|
23,900
|
3,387,586
|
2.62
|
%
|
||||||||
|
27,617,093
|
21.36
|
%
|
|||||||||
Consumer Staples - 5.70%
|
||||||||||||
General Mills, Inc.
|
42,500
|
2,469,250
|
1.91
|
%
|
||||||||
Sysco Corp.
|
30,100
|
2,152,451
|
1.67
|
%
|
||||||||
Walmart, Inc.
|
19,500
|
2,739,555
|
2.12
|
%
|
||||||||
|
7,361,256
|
5.70
|
%
|
|||||||||
Energy - 4.20%
|
||||||||||||
ConocoPhillips
|
41,400
|
1,657,242
|
1.28
|
%
|
||||||||
EOG Resources, Inc.
|
33,300
|
1,696,968
|
1.32
|
%
|
||||||||
Pioneer Natural Resources Co.
|
17,100
|
2,067,390
|
1.60
|
%
|
||||||||
|
5,421,600
|
4.20
|
%
|
|||||||||
Financials - 4.01%
|
||||||||||||
T. Rowe Price Group, Inc.
|
17,600
|
2,754,048
|
2.13
|
%
|
||||||||
The Progressive Corp.
|
27,900
|
2,432,601
|
1.88
|
%
|
||||||||
|
5,186,649
|
4.01
|
%
|
|||||||||
Health Care - 9.06%
|
||||||||||||
Amgen, Inc.
|
10,600
|
2,559,158
|
1.98
|
%
|
||||||||
Biogen, Inc. (a)
|
6,900
|
1,950,009
|
1.51
|
%
|
||||||||
HCA Healthcare, Inc.
|
16,800
|
2,729,664
|
2.11
|
%
|
||||||||
Henry Schein, Inc. (a)
|
35,300
|
2,324,505
|
1.80
|
%
|
||||||||
Merck & Co., Inc.
|
27,800
|
2,142,546
|
1.66
|
%
|
||||||||
|
11,705,882
|
9.06
|
%
|
|||||||||
Industrials - 34.99%
|
||||||||||||
3M Co.
|
15,200
|
2,670,032
|
2.06
|
%
|
||||||||
American Airlines Group, Inc.
|
96,500
|
1,656,905
|
1.28
|
%
|
||||||||
Caterpillar, Inc.
|
17,300
|
3,163,132
|
2.45
|
%
|
||||||||
CSX Corp.
|
29,500
|
2,529,772
|
1.96
|
%
|
||||||||
Cummins, Inc.
|
13,900
|
3,258,438
|
2.52
|
%
|
||||||||
Deere & Co.
|
13,400
|
3,869,920
|
2.99
|
%
|
||||||||
Delta Air Lines, Inc.
|
43,800
|
1,662,648
|
1.29
|
%
|
||||||||
Emerson Electric Co.
|
33,500
|
2,658,225
|
2.06
|
%
|
||||||||
General Dynamics Corp.
|
12,800
|
1,877,504
|
1.45
|
%
|
||||||||
Masco Corp.
|
50,400
|
2,737,224
|
2.12
|
%
|
||||||||
Norfolk Southern Corp.
|
11,400
|
2,697,468
|
2.09
|
%
|
||||||||
PACCAR, Inc.
|
31,900
|
2,909,918
|
2.25
|
%
|
||||||||
Southwest Airlines Co.
|
44,900
|
1,972,906
|
1.52
|
%
|
||||||||
Union Pacific Corp.
|
13,100
|
2,586,857
|
2.00
|
%
|
United Airlines Holdings, Inc. (a)
|
31,600
|
1,263,684
|
0.98
|
%
|
|||||||||
United Parcel Service, Inc., Class B
|
23,800
|
3,689,000
|
2.85
|
%
|
|||||||||
United Rentals, Inc. (a)
|
16,600
|
4,033,966
|
3.12
|
%
|
|||||||||
|
45,237,599
|
34.99
|
%
|
||||||||||
Information Technology - 12.93%
|
|||||||||||||
Cisco Systems, Inc.
|
52,200
|
2,327,076
|
1.80
|
%
|
|||||||||
Cognizant Technology Solutions Corp., Class A
|
34,600
|
2,697,070
|
2.08
|
%
|
|||||||||
Intel Corp.
|
37,350
|
2,073,299
|
1.60
|
%
|
|||||||||
International Business Machines Corp.
|
15,700
|
1,870,027
|
1.45
|
%
|
|||||||||
NetApp, Inc.
|
45,700
|
3,036,308
|
2.35
|
%
|
|||||||||
Oracle Corp.
|
43,800
|
2,646,834
|
2.05
|
%
|
|||||||||
The Western Union Co.
|
92,700
|
2,064,429
|
1.60
|
%
|
|||||||||
|
16,715,043
|
12.93
|
%
|
||||||||||
Total Common Stocks (Cost $106,367,563)
|
128,426,018
|
99.35
|
%
|
||||||||||
|
|
||||||||||||
SHORT-TERM INVESTMENTS - 0.88%
|
|||||||||||||
Money Market Funds - 0.88%
|
|||||||||||||
First American Government Obligations Fund, Institutional Class, 0.04% (b)
|
1,144,010
|
1,144,010
|
0.88
|
%
|
|||||||||
Total Short-Term Investments (Cost $1,144,010)
|
1,144,010
|
0.88
|
%
|
||||||||||
|
|
||||||||||||
Total Investments (Cost $107,511,573) - 100.23%
|
129,570,028
|
100.23
|
%
|
||||||||||
Liabilities in Excess of Other Assets - (0.23)%
|
(293,595
|
)
|
(0.23
|
)%
|
|||||||||
TOTAL NET ASSETS - 100.00%
|
$
|
129,276,433
|
100.00
|
%
|
|||||||||
|
|
||||||||||||
Percentages are stated as a percent of net assets.
|
|||||||||||||
|
|
||||||||||||
(a)
|
Non-income-producing security.
|
||||||||||||
(b)
|
The rate listed is the fund’s seven-day yield as of Janurary 31, 2021.
|
Note: For presentation purposes, the Fund has grouped some of the industry categories. For purposes of categorizing securities for compliance with Section 8(b)(1) of the Investment Company Act of 1940, as amended,
the Fund uses more specific industry classifications.
|
Level 1 – Unadjusted, quoted prices in active markets for identical instruments that the Fund has the ability to access at the date of
measurement.
|
||||||||
Level 2 – Other significant observable inputs (including, but not limited to, quoted prices in active markets for similar instruments, quoted
prices in markets that are not active for identical or similar instruments, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets, such as interest rates, prepayment
speeds, credit risk curves, default rates, and similar data).
|
||||||||
Level 3 – Significant unobservable inputs (including the Fund’s own assumptions about what market participants would use to price the asset
or liability based on the best available information) when observable inputs are unavailable.
|
Common Stocks
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Communication Services
|
$
|
9,180,896
|
$
|
–
|
$
|
–
|
$
|
9,180,896
|
||||||||
Consumer Discretionary
|
27,617,093
|
–
|
–
|
27,617,093
|
||||||||||||
Consumer Staples
|
7,361,256
|
–
|
–
|
7,361,256
|
||||||||||||
Energy
|
5,421,600
|
–
|
–
|
5,421,600
|
||||||||||||
Financials
|
5,186,649
|
–
|
–
|
5,186,649
|
||||||||||||
Health Care
|
11,705,882
|
–
|
–
|
11,705,882
|
||||||||||||
Industrials
|
45,237,599
|
–
|
–
|
45,237,599
|
||||||||||||
Information Technology
|
16,715,043
|
–
|
–
|
16,715,043
|
||||||||||||
Total Common Stocks
|
$
|
128,426,018
|
$
|
–
|
$
|
–
|
$
|
128,426,018
|
||||||||
Short-Term Investments
|
||||||||||||||||
Money Market Funds
|
$
|
1,144,010
|
$
|
–
|
$
|
–
|
$
|
1,144,010
|
||||||||
Total Short-Term Investments
|
$
|
1,144,010
|
$
|
–
|
$
|
–
|
$
|
1,144,010
|
||||||||
Total Investments
|
$
|
129,570,028
|
$
|
–
|
$
|
–
|
$
|
129,570,028
|