HDOGX Fees and Costs — Hennessy Total Return Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 3.25%: a 0.60% management fee, a 0.15% 12b-1 fee plus 2.50% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $6K in broker commissions, 0.0124% of average net assets, and portfolio turnover was 35%.
HDOGX Fees and Expenses
Annual operating expenses and sales charges of HDOGX. Prospectus, as of March 2, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.15% |
| Other expenses | 2.50% |
| Gross expense ratio | 3.25% |
| Fee waiver | — |
| Net expense ratio | 3.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
HDOGX Costs Over Time
On $10,000 invested in HDOGX, assuming 5% a year before costs, total costs come to $1,950 over 5 years, cutting the return by 3.43% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 3.25%) | $341 | $1,040 | $1,761 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $53 | $183 |
| Total costs | $343 | $1,096 | $1,950 |
| Value after costs | $10,157 | $10,480 | $10,812 |
| Impact on return, per year | 3.43% | 3.43% | 3.43% |
HDOGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0124%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $216.9M
- Portfolio turnover (prospectus): 35%
- Securities lending: none during the year
HDOGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Ladenburg Thalmann & Co. Inc. | $4K | 70.55% |
| ITG, Inc. | $2K | 27.95% |
| JonesTrading Institutional Services LLC | $90 | 1.49% |
HDOGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Jefferies LLC | $216.9M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.