HJPNX Fees and Costs — Hennessy Japan Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 1.41%: a 0.80% management fee, a 0.15% 12b-1 fee plus 0.46% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $45K in broker commissions, 0.0107% of average net assets, and portfolio turnover was 16%.
HJPNX Fees and Expenses
Annual operating expenses and sales charges of HJPNX. Prospectus, as of March 2, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.41% |
| Fee waiver | — |
| Net expense ratio | 1.41% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
HJPNX Costs Over Time
On $10,000 invested in HJPNX, assuming 5% a year before costs, total costs come to $881 over 5 years, cutting the return by 1.49% 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 1.41%) | $148 | $460 | $794 |
| Trading costs (broker commissions) | $1 | $3 | $6 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $486 | $881 |
| Value after costs | $10,351 | $11,090 | $11,882 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
HJPNX 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): 0.0107%
- Total broker commissions: $45K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 16%
- Securities lending: none during the year
HJPNX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Nomura Securities International, Inc. | $9K | 22.62% |
| Morgan Stanley & Co. Inc. | $6K | 15.07% |
| SBI Securities (Hong Kong) Limited | $6K | 13.49% |
| BNP Paribas Securities Corp. | $4K | 10.52% |
| Okabena Investment Services Inc. | $4K | 10.06% |
| SMBC Nikko Securities America, Inc. | $4K | 9.05% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $4K | 8.73% |
| CLSA Americas, LLC | $2K | 4.64% |
| UBS Financial Services, Inc. | $1K | 3.07% |
| Tokai Securities, Inc. | $1K | 2.76% |
Hennessy Japan Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HJPIX | Institutional Class | 1.05% | — |
| HJPNX | Investor Class | 1.41% | — |
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.