Hennessy Total Return Fund Investor Class HDOGX Strategy

The investment seeks total return, consisting of capital appreciation and current income. The fund invests in the 10 highest dividend-yielding Dow Jones Industrial Average ("DJIA") stocks (known as the "Dogs of the Dow"), and in U.S. Treasury securities with a maturity of less than one year. It invests approximately 50% of its assets in the 10 Dogs of the Dow stocks in roughly equal dollar amounts and approximately 50% of its assets in U.S. Treasury securities with a maturity of less than one year. The fund is non-diversified.