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Is Hennessy Japan Small Cap Fund Investor (HJPSX) a Strong Mutual Fund Pick Right Now?
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If investors are looking at the Pacific Rim - Equity fund category, Hennessy Japan Small Cap Fund Investor (HJPSX - Free Report) could be a potential option. HJPSX has a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
Objective
The world of Pacific Rim - Equity funds is an area filled with options, such as HJPSX. Pacific Rim - Equity mutual funds usually invest in companies with a big presence in the export-focused markets of Hong Kong, Singapore, Taiwan, and Korea. These funds also invest less than 10% of their assets in Japanese companies since Japan mutual funds are incredibly popular.
History of Fund/Manager
HJPSX is a part of the Hennessy family of funds, a company based out of Novato, CA. The Hennessy Japan Small Cap Fund Investor made its debut in August of 2007 and HJPSX has managed to accumulate roughly $40.20 million in assets, as of the most recently available information. Tadahiro Fujimura is the fund's current manager and has held that role since August of 2007.
Performance
Of course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 5.98%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 15.93%, which places it in the middle third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of HJPSX over the past three years is 15.27% compared to the category average of 11.54%. The standard deviation of the fund over the past 5 years is 15.6% compared to the category average of 13.78%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. HJPSX has a 5-year beta of 0.53, which means it is likely to be less volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. The fund has produced a negative alpha over the past 5 years of -1.21, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, HJPSX is a no load fund. It has an expense ratio of 1.49% compared to the category average of 0.93%. Looking at the fund from a cost perspective, HJPSX is actually more expensive than its peers.
Investors should also note that the minimum initial investment for the product is $2,500 and that each subsequent investment has no minimum amount.
Fees charged by investment advisors have not been taken into consideration. Returns would be less if those were included.
Bottom Line
Overall, even with its comparatively similar performance, average downside risk, and higher fees, Hennessy Japan Small Cap Fund Investor ( HJPSX ) has a high Zacks Mutual Fund rank, and therefore looks a good potential choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Pacific Rim - Equity, make sure to go to www.zacks.com/funds/mutual-funds for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.
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Is Hennessy Japan Small Cap Fund Investor (HJPSX) a Strong Mutual Fund Pick Right Now?
If investors are looking at the Pacific Rim - Equity fund category, Hennessy Japan Small Cap Fund Investor (HJPSX - Free Report) could be a potential option. HJPSX has a Zacks Mutual Fund Rank of 2 (Buy), which is based on various forecasting factors like size, cost, and past performance.
Objective
The world of Pacific Rim - Equity funds is an area filled with options, such as HJPSX. Pacific Rim - Equity mutual funds usually invest in companies with a big presence in the export-focused markets of Hong Kong, Singapore, Taiwan, and Korea. These funds also invest less than 10% of their assets in Japanese companies since Japan mutual funds are incredibly popular.
History of Fund/Manager
HJPSX is a part of the Hennessy family of funds, a company based out of Novato, CA. The Hennessy Japan Small Cap Fund Investor made its debut in August of 2007 and HJPSX has managed to accumulate roughly $40.20 million in assets, as of the most recently available information. Tadahiro Fujimura is the fund's current manager and has held that role since August of 2007.
Performance
Of course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 5.98%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 15.93%, which places it in the middle third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. The standard deviation of HJPSX over the past three years is 15.27% compared to the category average of 11.54%. The standard deviation of the fund over the past 5 years is 15.6% compared to the category average of 13.78%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should not forget about beta, an important way to measure a mutual fund's risk compared to the market as a whole. HJPSX has a 5-year beta of 0.53, which means it is likely to be less volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. The fund has produced a negative alpha over the past 5 years of -1.21, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, HJPSX is a no load fund. It has an expense ratio of 1.49% compared to the category average of 0.93%. Looking at the fund from a cost perspective, HJPSX is actually more expensive than its peers.
Investors should also note that the minimum initial investment for the product is $2,500 and that each subsequent investment has no minimum amount.
Fees charged by investment advisors have not been taken into consideration. Returns would be less if those were included.
Bottom Line
Overall, even with its comparatively similar performance, average downside risk, and higher fees, Hennessy Japan Small Cap Fund Investor ( HJPSX ) has a high Zacks Mutual Fund rank, and therefore looks a good potential choice for investors right now.
For additional information on this product, or to compare it to other mutual funds in the Pacific Rim - Equity, make sure to go to www.zacks.com/funds/mutual-funds for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are.