HJSIX Fees and Costs — Hennessy Japan Small Cap Fund, Institutional Class
Data updated: 2026-09-28
The net expense ratio is 1.11%: a 0.80% management fee plus 0.31% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $77K in broker commissions, 0.0635% of average net assets, and portfolio turnover was 45%.
HJSIX Fees and Expenses
Annual operating expenses and sales charges of HJSIX. Prospectus, as of March 2, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 1.11% |
| Fee waiver | — |
| Net expense ratio | 1.11% |
| 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 |
HJSIX Costs Over Time
On $10,000 invested in HJSIX, assuming 5% a year before costs, total costs come to $731 over 5 years, cutting the return by 1.23% 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 1.11%) | $117 | $363 | $628 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $123 | $403 | $731 |
| Value after costs | $10,377 | $11,173 | $12,031 |
| Impact on return, per year | 1.23% | 1.23% | 1.23% |
HJSIX 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): 0.0635%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): $26K
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
HJSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SMBC Nikko Securities America, Inc. | $27K | 35.63% |
| Daiwa Capital Markets Inc. | $24K | 31.36% |
| Nomura Securities International, Inc. | $8K | 11.08% |
| Citigroup Global Markets Inc. | $7K | 9.41% |
| J.P. Morgan Securities LLC | $3K | 4.43% |
| Merrill Lynch, Pierce, Fenner & Smith Inc. | $2K | 2.79% |
| Mizuho Securities USA LLC | $2K | 2.10% |
| CLSA Americas, LLC | $891 | 1.17% |
| BNP Paribas Securities Corp. | $852 | 1.12% |
| SBI Securities (Hong Kong) Limited | $711 | 0.93% |
HJSIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| SMBC Nikko Securities America, Inc. | $26K | 100.00% |
Hennessy Japan Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HJSIX | Institutional Class | 1.11% | — |
| HJPSX | Investor Class | 1.50% | — |
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.