Hennessy Japan Small Cap Fund
|
|||||||||||||
Schedule of Investments
|
|||||||||||||
July 31, 2021 (Unaudited)
|
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|
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|||||||||||||
|
Number of
|
% of
|
|||||||||||
|
Shares
|
Value
|
Net Assets
|
||||||||||
COMMON STOCKS - 93.65%
|
|||||||||||||
Communication Services - 0.81%
|
|||||||||||||
Septeni Holdings Co., Ltd.
|
226,300
|
$
|
853,163
|
0.81
|
%
|
||||||||
|
|||||||||||||
Consumer Discretionary - 12.67%
|
|||||||||||||
Benesse Holdings, Inc.
|
70,000
|
1,610,767
|
1.53
|
%
|
|||||||||
Matsuoka Corp.
|
57,900
|
837,813
|
0.79
|
%
|
|||||||||
Musashi Seimitsu Industry Co., Ltd.
|
111,000
|
2,307,641
|
2.18
|
%
|
|||||||||
NGK Spark Plug Co., Ltd.
|
98,500
|
1,450,627
|
1.37
|
%
|
|||||||||
Nojima Corp.
|
52,300
|
1,359,396
|
1.29
|
%
|
|||||||||
Pacific Industrial Co., Ltd.
|
67,200
|
817,940
|
0.77
|
%
|
|||||||||
Sac’s Bar Holdings, Inc.
|
129,100
|
695,608
|
0.66
|
%
|
|||||||||
Saizeriya Co., Ltd.
|
87,000
|
2,143,116
|
2.03
|
%
|
|||||||||
Seiren Co., Ltd.
|
106,400
|
2,163,936
|
2.05
|
%
|
|||||||||
|
13,386,844
|
12.67
|
%
|
||||||||||
Consumer Staples - 4.24%
|
|||||||||||||
Cosmos Pharmaceutical Corp.
|
10,200
|
1,731,476
|
1.64
|
%
|
|||||||||
Nippn Corp.
|
27,400
|
393,925
|
0.37
|
%
|
|||||||||
Nishimoto Co., Ltd.
|
61,700
|
1,511,685
|
1.43
|
%
|
|||||||||
Yoshimura Food Holdings KK (a)
|
118,900
|
840,097
|
0.80
|
%
|
|||||||||
|
4,477,183
|
4.24
|
%
|
||||||||||
Energy - 2.07%
|
|||||||||||||
Iwatani Corp.
|
38,100
|
2,188,806
|
2.07
|
%
|
|||||||||
|
|||||||||||||
Financials - 4.23%
|
|||||||||||||
AEON Financial Service Co., Ltd.
|
123,400
|
1,520,279
|
1.44
|
%
|
|||||||||
Aruhi Corp.
|
60,600
|
766,661
|
0.73
|
%
|
|||||||||
Lifenet Insurance Co. (a)
|
82,200
|
849,264
|
0.80
|
%
|
|||||||||
Musashino Bank Ltd.
|
89,100
|
1,336,264
|
1.26
|
%
|
|||||||||
|
4,472,468
|
4.23
|
%
|
||||||||||
Health Care - 1.78%
|
|||||||||||||
Ship Healthcare Holdings, Inc.
|
74,600
|
1,881,248
|
1.78
|
%
|
|||||||||
|
|||||||||||||
Industrials - 34.25%
|
|||||||||||||
Benefit One, Inc.
|
63,200
|
2,081,107
|
1.97
|
%
|
|||||||||
Creek & River Co., Ltd.
|
117,100
|
1,911,119
|
1.81
|
%
|
|||||||||
Daihen Corp.
|
40,900
|
1,834,277
|
1.73
|
%
|
|||||||||
Fuji Corp.
|
77,500
|
1,823,772
|
1.73
|
%
|
|||||||||
Hanwa Co., Ltd.
|
68,700
|
2,032,834
|
1.92
|
%
|
|||||||||
Hito Communications Holdings, Inc.
|
100,400
|
1,925,100
|
1.82
|
%
|
|||||||||
Kawada Technologies, Inc.
|
15,000
|
500,673
|
0.47
|
%
|
|||||||||
Kito Corp.
|
121,700
|
1,887,121
|
1.79
|
%
|
|||||||||
METAWATER Co., Ltd.
|
47,000
|
859,752
|
0.81
|
%
|
|||||||||
MIRAIT Holdings Corp.
|
122,700
|
2,419,362
|
2.29
|
%
|
|||||||||
Mitsubishi Logisnext Co., Ltd.
|
185,800
|
1,686,322
|
1.60
|
%
|
|||||||||
Nichiha Corp.
|
42,500
|
1,116,476
|
1.06
|
%
|
|||||||||
Nihon Flush Co., Ltd.
|
106,900
|
1,196,035
|
1.13
|
%
|
|||||||||
Nippon Koei Co., Ltd.
|
72,200
|
1,975,404
|
1.87
|
%
|
|||||||||
Sato Holdings Corp.
|
85,100
|
2,173,851
|
2.06
|
%
|
|||||||||
SBS Holdings, Inc.
|
78,400
|
2,413,238
|
2.28
|
%
|
|||||||||
Senko Group Holdings Co., Ltd.
|
191,200
|
1,934,967
|
1.83
|
%
|
|||||||||
Takeei Corp.
|
157,000
|
2,797,346
|
2.65
|
%
|
|||||||||
Tanseisha Co., Ltd.
|
160,400
|
1,239,894
|
1.17
|
%
|
|||||||||
Tocalo Co., Ltd.
|
150,700
|
1,893,569
|
1.79
|
%
|
|||||||||
Ushio, Inc.
|
28,000
|
501,733
|
0.47
|
%
|
|||||||||
|
36,203,952
|
34.25
|
%
|
||||||||||
Information Technology - 20.60%
|
|||||||||||||
Bell System24 Holdings, Inc.
|
102,400
|
1,572,529
|
1.49
|
%
|
|||||||||
Digital Garage, Inc.
|
49,600
|
2,058,882
|
1.95
|
%
|
|||||||||
Elecom Co., Ltd.
|
86,400
|
1,521,167
|
1.44
|
%
|
|||||||||
Macnica Fuji Electronics Holdings, Inc.
|
77,200
|
1,984,156
|
1.88
|
%
|
|||||||||
Mimaki Engineering Co., Ltd.
|
271,500
|
2,014,727
|
1.91
|
%
|
|||||||||
Nihon Unisys Ltd.
|
66,700
|
2,011,267
|
1.90
|
%
|
|||||||||
Nippon Signal Company, Ltd.
|
111,400
|
932,124
|
0.88
|
%
|
|||||||||
Poletowin Pitcrew Holdings, Inc.
|
130,400
|
1,236,053
|
1.17
|
%
|
|||||||||
Rorze Corp.
|
14,600
|
1,126,657
|
1.06
|
%
|
|||||||||
SIIX Corp.
|
128,500
|
1,658,211
|
1.57
|
%
|
|||||||||
Towa Corp.
|
74,400
|
1,632,759
|
1.54
|
%
|
|||||||||
Transcosmos, Inc.
|
71,100
|
2,017,408
|
1.91
|
%
|
|||||||||
Yamaichi Electronics Co., Ltd.
|
135,000
|
2,007,606
|
1.90
|
%
|
|||||||||
|
21,773,546
|
20.60
|
%
|
||||||||||
Materials - 8.23%
|
|||||||||||||
Asia Pile Holdings Corp.
|
400,700
|
1,759,294
|
1.66
|
%
|
|||||||||
Kyoei Steel Ltd.
|
80,000
|
1,036,649
|
0.98
|
%
|
|||||||||
Rengo Co., Ltd.
|
224,100
|
1,907,865
|
1.81
|
%
|
|||||||||
Sanyo Chemical Industries Ltd.
|
41,800
|
2,259,986
|
2.14
|
%
|
|||||||||
Tokyo Ohka Kogyo Co., Ltd.
|
26,700
|
1,730,467
|
1.64
|
%
|
|||||||||
|
8,694,261
|
8.23
|
%
|
||||||||||
Real Estate - 2.57%
|
|||||||||||||
Star Mica Holdings Co., Ltd.
|
144,100
|
1,679,023
|
1.59
|
%
|
|||||||||
Tosei Corp.
|
100,300
|
1,041,461
|
0.98
|
%
|
|||||||||
|
2,720,484
|
2.57
|
%
|
||||||||||
Utilities - 2.20%
|
|||||||||||||
EF-ON, Inc.
|
204,900
|
2,326,814
|
2.20
|
%
|
|||||||||
Total Common Stocks (Cost $79,707,682)
|
98,978,769
|
93.65
|
%
|
||||||||||
|
|
||||||||||||
SHORT-TERM INVESTMENTS - 6.08%
|
|||||||||||||
Money Market Funds - 6.08%
|
|||||||||||||
First American Government Obligations Fund, Institutional Class, 0.03% (b)
|
5,284,000
|
5,284,000
|
5.00
|
%
|
|||||||||
First American Treasury Obligations Fund, Institutional Class, 0.01% (b)
|
1,141,746
|
1,141,746
|
1.08
|
%
|
|||||||||
Total Short-Term Investments (Cost $6,425,746)
|
6,425,746
|
6.08
|
%
|
||||||||||
|
|
||||||||||||
Total Investments (Cost $86,133,428) - 99.73%
|
105,404,515
|
99.73
|
%
|
||||||||||
Other Assets in Excess of Liabilities - 0.27%
|
282,042
|
0.27
|
%
|
||||||||||
TOTAL NET ASSETS - 100.00%
|
$
|
105,686,557
|
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 July 31, 2021.
|
Common Stocks
|
Level 1
|
Level 2
|
Level 3
|
Total
|
||||||||||||
Communication Services
|
$
|
–
|
$
|
853,163
|
$
|
–
|
$
|
853,163
|
||||||||
Consumer Discretionary
|
–
|
13,386,844
|
–
|
13,386,844
|
||||||||||||
Consumer Staples
|
–
|
4,477,183
|
–
|
4,477,183
|
||||||||||||
Energy
|
–
|
2,188,806
|
–
|
2,188,806
|
||||||||||||
Financials
|
–
|
4,472,468
|
–
|
4,472,468
|
||||||||||||
Health Care
|
–
|
1,881,248
|
–
|
1,881,248
|
||||||||||||
Industrials
|
–
|
36,203,952
|
–
|
36,203,952
|
||||||||||||
Information Technology
|
–
|
21,773,546
|
–
|
21,773,546
|
||||||||||||
Materials
|
–
|
8,694,261
|
–
|
8,694,261
|
||||||||||||
Real Estate
|
–
|
2,720,484
|
–
|
2,720,484
|
||||||||||||
Utilities
|
–
|
2,326,814
|
–
|
2,326,814
|
||||||||||||
Total Common Stocks
|
$
|
–
|
$
|
98,978,769
|
$
|
–
|
$
|
98,978,769
|
||||||||
|
||||||||||||||||
Short-Term Investments
|
||||||||||||||||
Money Market Funds
|
$
|
6,425,746
|
$
|
–
|
$
|
–
|
$
|
6,425,746
|
||||||||
Total Short-Term Investments
|
$
|
6,425,746
|
$
|
–
|
$
|
–
|
$
|
6,425,746
|
||||||||
|
||||||||||||||||
Total Investments
|
$
|
6,425,746
|
$
|
98,978,769
|
$
|
–
|
$
|
105,404,515
|