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hennessy:C000139156Member 2026-04-30 0000891944 hennessy:C000139157Member 2026-04-30 0000891944 hennessy:C000118924Member 2026-04-30 0000891944 hennessy:C000118923Member 2026-04-30 0000891944 hennessy:C000139158Member 2026-04-30 0000891944 hennessy:C000205118Member 2026-04-30 0000891944 hennessy:C000205117Member 2026-04-30 0000891944 hennessy:C000205119Member 2026-04-30 0000891944 hennessy:C000118918Member 2026-04-30 0000891944 hennessy:C000118919Member 2026-04-30 0000891944 hennessy:C000118920Member 2026-04-30 0000891944 hennessy:C000118921Member 2026-04-30 0000891944 hennessy:C000239897Member 2026-04-30 iso4217:USD pure hennessy:Holdings false N-1A 0000891944 N-CSRS Hennessy Funds Trust 2026-04-30 semi-annual shareholder report Hennessy Cornerstone Growth Fund Investor Class HFCGX This <span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139151Member_zarimD4O4Chh">semi-annual shareholder report</span> contains important information about the Hennessy Cornerstone Growth Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90B_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139151Member_zI5MwgMlHTBj">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_904_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139151Member_z48smTohDmzl">1-800-966-4354</span> or <span id="xdx_901_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139151Member_zGUNkqHqdxqi">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139151Member_dU_zOC4ZloWEDo2" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_900_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139151Member_z39FRNSvxnuj">69</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90F_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139151Member_fKg_____zhmJFKG8JKa5">1.30</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_z0LaGXp3HTr2" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F16_zweLPH77iyyl" style="text-align: justify">Annualized.</td> </tr></table> 69 0.0130 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139151Member_dU_zjC7DlfkD4F2" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_900_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139151Member_zWCdSPVSmdu5">500,562,498</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139151Member_znIaHxt1zzJ1" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">52</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139151Member_fKg_____zmW94zFfoyX2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F01_z7B0MZSqY32" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F13_zHjG9StT6nsl" style="text-align: justify">Not annualized.</td> </tr></table> 500562498 52 0 <p id="xdx_80A_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139151Member_dU_zEvCtHebrb0e" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zdgEH7Mvi1De" style="box-sizing: border-box; text-align-last: auto">0.14</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zWUmPUiCtt59" style="box-sizing: border-box; text-align-last: auto">0.079</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zCtw9Izud3l3" style="box-sizing: border-box; text-align-last: auto">0.201</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zkPpFdtt4Fw4" style="box-sizing: border-box; text-align-last: auto">0.019</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_z79FtI12gcnf" style="box-sizing: border-box; text-align-last: auto">0.277</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_z79s7TcSQpn8" style="box-sizing: border-box; text-align-last: auto">0.107</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zIyDeVnAmXz" style="box-sizing: border-box; text-align-last: auto">0.107</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_z9RRovB0X4I" style="box-sizing: border-box; text-align-last: auto">0.027</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_zgX4QSL24sUi" style="box-sizing: border-box; text-align-last: auto">0.017</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_z8mIumCRNex8" style="box-sizing: border-box; text-align-last: auto">0.018</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139151Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zdt45ZT8Hxgk" style="box-sizing: border-box; text-align-last: auto">0.008</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjmqr6h.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.14 0.079 0.201 0.019 0.277 0.107 0.107 0.027 0.017 0.018 0.008 Hennessy Cornerstone Growth Fund Institutional Class HICGX This <span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139152Member_zQCCtXIuJBCf">semi-annual shareholder report</span> contains important information about the Hennessy Cornerstone Growth Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90F_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139152Member_zvB0xSdBqjid">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_901_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139152Member_z08C7MIiGMmb">1-800-966-4354</span> or <span id="xdx_904_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139152Member_zM8GUqimWFi9">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_80F_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139152Member_dU_zjsALWGWznC1" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_900_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139152Member_zOnwP37QQtTe">52</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90C_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139152Member_fKg_____z3v0E6NXvQd5">0.98</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0E_zUPLsuo6wdte" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1C_zW4OkIl204zj" style="text-align: justify">Annualized.</td></tr></table> 52 0.0098 <p id="xdx_80F_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139152Member_dU_zJ6UBrGuFx6g" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_900_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139152Member_zq9b6MYl0KE8">500,562,498</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139152Member_zvuXc0IdetWc" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">52</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139152Member_fKg_____zHTfcXxRK5s1" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F07_zbOyDPmw3OJ4" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1F_zWeuw8eY6ZU7" style="text-align: justify">Not annualized.</td></tr></table> 500562498 52 0 <p id="xdx_803_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139152Member_dU_zpD3NfSJJ053" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_z1G6oyyIg29g" style="box-sizing: border-box; text-align-last: auto">0.14</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zl6m1QRGhy7l" style="box-sizing: border-box; text-align-last: auto">0.079</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zi9gGQKiHJp8" style="box-sizing: border-box; text-align-last: auto">0.201</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zCQX2EHOapQa" style="box-sizing: border-box; text-align-last: auto">0.019</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zJ7n1qxfJyP8" style="box-sizing: border-box; text-align-last: auto">0.277</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zQB11TyJoUP5" style="box-sizing: border-box; text-align-last: auto">0.107</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zORJPrrwNWef" style="box-sizing: border-box; text-align-last: auto">0.107</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zbq9lzmDMxY1" style="box-sizing: border-box; text-align-last: auto">0.027</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_zEzwKUG7IWLd" style="box-sizing: border-box; text-align-last: auto">0.017</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zjdwTXenspJ1" style="box-sizing: border-box; text-align-last: auto">0.018</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139152Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_z2GY10LKMZT6" style="box-sizing: border-box; text-align-last: auto">0.008</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjmqr6h.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.14 0.079 0.201 0.019 0.277 0.107 0.107 0.027 0.017 0.018 0.008 Hennessy Focus Fund Investor Class HFCSX This <span id="xdx_906_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118915Member_zkf39AQaejW7">semi-annual shareholder report</span> contains important information about the Hennessy Focus Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90E_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118915Member_zFQgAsnoXZci">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_907_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118915Member_z6OEdNlFs4Fg">1-800-966-4354</span> or <span id="xdx_909_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118915Member_zQYOTQOYRhbc">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_80D_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118915Member_dD_zA8JzNuvXuoe" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_90F_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118915Member_zVTZDbi2ZSS4">71</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_903_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118915Member_fKg_____zWmRYnFmGljb">1.46</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0D_z9PNfQkbynBh" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F11_zhXMokEu5OQi" style="text-align: justify">Annualized.</td></tr></table> 71 0.0146 <p id="xdx_80F_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118915Member_dD_zXlRoAPDkZQ2" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_90E_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118915Member_ze6Ka5Luu3a">491,374,302</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118915Member_zwM00KhVcEm8" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118915Member_fKg_____zZsFjzikUfu6" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F09_z0UKgrslr1Gi" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F14_z2zHz7LI4gxb" style="text-align: justify">Not annualized.</td></tr></table> 491374302 25 0.03 <p id="xdx_80C_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118915Member_dU_z5i9ZUSxt9n6" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118915Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zcmGiNrXsB3a" style="box-sizing: border-box; text-align-last: auto">21.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118915Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zqWscP2h21H3" style="box-sizing: border-box; text-align-last: auto">16.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118915Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_ztYJu3vYqiah" style="box-sizing: border-box; text-align-last: auto">23.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118915Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zVHi5qbmzov9" style="box-sizing: border-box; text-align-last: auto">2.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118915Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zXa5tou4bfB2" style="box-sizing: border-box; text-align-last: auto">11.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118915Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zkFmaMXNGOP2" style="box-sizing: border-box; text-align-last: auto">11.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118915Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_z3M4tIWw9wwd" style="box-sizing: border-box; text-align-last: auto">5.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118915Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zvsZlmSOTue7" style="box-sizing: border-box; text-align-last: auto">6.0%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjn6sjs.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.217 0.167 0.239 0.026 0.118 0.117 0.056 0.060 Hennessy Focus Fund Institutional Class HFCIX This <span id="xdx_907_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118916Member_zeidcLfxS6qh">semi-annual shareholder report</span> contains important information about the Hennessy Focus Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118916Member_zD2VxXx75y3i">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_90D_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118916Member_zxLmJITxSBd1">1-800-966-4354</span> or <span id="xdx_90A_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118916Member_zs6WAKMfZrb3">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118916Member_dD_zBKvbu5nNdq2" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_983_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118916Member_zXOVL29ZVZlc" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$54</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118916Member_fKg_____zhPdY7M4k8m2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.12%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F08_zjMVq90QUcXe" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1A_zkLyQTv6xLma" style="text-align: justify">Annualized.</td></tr></table> 54 0.0112 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118916Member_dD_z2gxKo01TZSh" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_909_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118916Member_zDAFeSjSeJr8">491,374,302</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118916Member_zfjv16CGBvj4" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">25</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118916Member_fKg_____zS0xSk0aVPF2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F09_zZtmef8pprWl" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F13_zbB1sfy0Duc2" style="text-align: justify">Not annualized.</td></tr></table> 491374302 25 0.03 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118916Member_dU_zDgsEQD8vV55" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118916Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zg9pUo7isI3j" style="box-sizing: border-box; text-align-last: auto">21.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118916Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zgd62Mk573D1" style="box-sizing: border-box; text-align-last: auto">16.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118916Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_z936sRp6Vtx5" style="box-sizing: border-box; text-align-last: auto">23.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118916Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zRriFeaDQ167" style="box-sizing: border-box; text-align-last: auto">2.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118916Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zBCWCvXsqmXb" style="box-sizing: border-box; text-align-last: auto">11.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118916Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_z958q8YBLGKl" style="box-sizing: border-box; text-align-last: auto">11.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118916Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_z4II1jSUddP4" style="box-sizing: border-box; text-align-last: auto">5.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118916Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zQXSIil3bNie" style="box-sizing: border-box; text-align-last: auto">6.0%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjn6sjs.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.217 0.167 0.239 0.026 0.118 0.117 0.056 0.060 Hennessy Cornerstone Mid Cap 30 Fund Investor Class HFMDX This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139153Member_zMfm6FZyFYag">semi-annual shareholder report</span> contains important information about the Hennessy Cornerstone Mid Cap 30 Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_901_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139153Member_zdwx7x3bnj1e">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_905_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139153Member_zsZSGHUUm469">1-800-966-4354</span> or <span id="xdx_907_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139153Member_zOrdjXI0vqLk">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139153Member_dD_zkvlAX46fcZ3" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139153Member_zMTnGY641HS8" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$71</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98F_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139153Member_fKg_____z5AmZndPc6H2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.33%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_zDPg9PlgaH5l" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1D_zK9IJF5vnsY1" style="text-align: justify">Annualized.</td></tr></table> 71 0.0133 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139153Member_dD_zdbDL6sKlAZk" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98E_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139153Member_zGQynyAdDubk" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,285,463,558</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139153Member_fuQ_____zVUhw16OS9Ca" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">31</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139153Member_fKg_____zcAePA5PbCY2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F06_zCyYsC2CMqP1" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1F_zIgk2rmeg1Zj" style="text-align: justify">Not annualized.</td></tr></table> 1285463558 31 0 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139153Member_dU_z8u5y11IimQ5" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zQiWbvTaXnob" style="box-sizing: border-box; text-align-last: auto">7.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zL2c9x4WcFd" style="box-sizing: border-box; text-align-last: auto">19.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zdilXAJWs1p9" style="box-sizing: border-box; text-align-last: auto">6.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zNnCEblJ8vi3" style="box-sizing: border-box; text-align-last: auto">4.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zQ2oBUIqfkpg" style="box-sizing: border-box; text-align-last: auto">34.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zJjtZn26NHKl" style="box-sizing: border-box; text-align-last: auto">17.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zLVdapd5Xk5j" style="box-sizing: border-box; text-align-last: auto">2.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_zR2HRE0tIzSi" style="box-sizing: border-box; text-align-last: auto">4.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139153Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zJDQS8TPkefj" style="box-sizing: border-box; text-align-last: auto">2.8%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjmyqwo.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.074 0.193 0.065 0.047 0.341 0.179 0.029 0.044 0.028 Hennessy Cornerstone Mid Cap 30 Fund Institutional Class HIMDX This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139154Member_zmUMUvGO6wk5">semi-annual shareholder report</span> contains important information about the Hennessy Cornerstone Mid Cap 30 Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_900_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139154Member_zXXYHmLdkqge">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_90E_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139154Member_z4DbjF5240di">1-800-966-4354</span> or <span id="xdx_90F_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139154Member_z7MD5OnxTXl4">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_80B_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139154Member_dD_zWhgPIXShkqi" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_985_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139154Member_zNgtR41sFuGc" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$52</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_981_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139154Member_fKg_____zk56G9zVeBo7" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.98%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_z2PD47LbUMT5" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1C_zWKoFTJ7sWz8" style="text-align: justify">Annualized.</td></tr></table> 52 0.0098 <p id="xdx_80E_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139154Member_dD_zp4aJbOsB3Gg" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139154Member_znmjUyKHIuJe" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$1,285,463,558</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98F_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139154Member_fuQ_____zYjUgizVsSTb" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">31</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139154Member_fKg_____z79EztU3jZm5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F05_zqIA7kBNVs53" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F16_zuLXfoxx2L0i" style="text-align: justify">Not annualized.</td></tr></table> 1285463558 31 0 <p id="xdx_806_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139154Member_dU_zH10qZHDgfC1" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zvVBBAat80nl" style="box-sizing: border-box; text-align-last: auto">7.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zH8vAR7pU6Cg" style="box-sizing: border-box; text-align-last: auto">19.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zzWbJf6KwKLh" style="box-sizing: border-box; text-align-last: auto">6.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_znjcWDppz2Qc" style="box-sizing: border-box; text-align-last: auto">4.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zEPPjEsvi4K2" style="box-sizing: border-box; text-align-last: auto">34.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_z03dX1stSpuf" style="box-sizing: border-box; text-align-last: auto">17.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zFun1Xw36hah" style="box-sizing: border-box; text-align-last: auto">2.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__us-gaap--RealEstateMember_zQ0v6y38N6Yf" style="box-sizing: border-box; text-align-last: auto">4.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139154Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zok35lB6ypT3" style="box-sizing: border-box; text-align-last: auto">2.8%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjmyqwo.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.074 0.193 0.065 0.047 0.341 0.179 0.029 0.044 0.028 Hennessy Cornerstone Large Growth Fund Investor Class HFLGX This <span id="xdx_90E_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000054248Member_zzAx14hEyv0l">semi-annual shareholder report</span> contains important information about the Hennessy Cornerstone Large Growth Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90E_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000054248Member_z9z7bw6PAW83">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_901_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000054248Member_zzVTOgWF9nh3">1-800-966-4354</span> or <span id="xdx_905_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000054248Member_zgahxloRglm6">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000054248Member_dD_z0HkzxqYmg6b" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000054248Member_zHhpA8DKNhvk" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$65</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000054248Member_fKg_____zlFaHlhc3wVa" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.27%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_zIYzBeYXIHSl" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F19_ztQ4g4VdPxMf" style="text-align: justify">Annualized.</td></tr></table> 65 0.0127 <p id="xdx_807_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000054248Member_dD_zJNM0Zq5m5wk" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000054248Member_zZljqL5CtUgk" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$137,067,528</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_987_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000054248Member_zlW1LExVVgGe" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_985_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000054248Member_fKg_____zhsJW9L4Ozog" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">60%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F09_z7mixCdgkE09" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1E_zG4TfOOHDfOb" style="text-align: justify">Not annualized.</td></tr></table> 137067528 51 0.60 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000054248Member_dU_z2RfTCtwvQOa" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zwPZXOWzbAs7" style="box-sizing: border-box; text-align-last: auto">1.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zM0wQ5CK53ia" style="box-sizing: border-box; text-align-last: auto">17.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_z979fW2WVNV7" style="box-sizing: border-box; text-align-last: auto">15.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zlaovY9788hi" style="box-sizing: border-box; text-align-last: auto">5.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zGJjeceerCif" style="box-sizing: border-box; text-align-last: auto">17.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zB17uWlSDuB5" style="box-sizing: border-box; text-align-last: auto">15.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zsn8G1Nrilo" style="box-sizing: border-box; text-align-last: auto">11.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zMWlDhtjFFqc" style="box-sizing: border-box; text-align-last: auto">11.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zq5vtE6gcNU2" style="box-sizing: border-box; text-align-last: auto">1.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000054248Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zh76WWRz6FT6" style="box-sizing: border-box; text-align-last: auto">1.3%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjmu2ev.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.019 0.175 0.157 0.051 0.176 0.159 0.118 0.114 0.018 0.013 Hennessy Cornerstone Large Growth Fund Institutional Class HILGX This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000074662Member_zL0GXGoCqcrb">semi-annual shareholder report</span> contains important information about the Hennessy Cornerstone Large Growth Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_906_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000074662Member_zSouX4Ug62Lf">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_908_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000074662Member_zY1Sdrqp2taj">1-800-966-4354</span> or <span id="xdx_900_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000074662Member_zyqVBXEn9WZe">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_80D_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000074662Member_dD_zP2p4Ma0L5C" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_981_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000074662Member_zBltoUZwQW0g" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$50</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000074662Member_fKg_____z4K516rSzvr8" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.98%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_zyCVz8c3iGbj" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1D_zREnbX4OyxN7" style="text-align: justify">Annualized.</td></tr></table> 50 0.0098 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000074662Member_dD_zKVukCCSvUcf" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000074662Member_z6bTPYtpaym4" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$137,067,528</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_985_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000074662Member_zDHTXr1hiU3f" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000074662Member_fKg_____zJzkmrgsKLCe" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">60%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F09_zGWqXqqsgFk2" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1C_zBE83COMaZC2" style="text-align: justify">Not annualized.</td></tr></table> 137067528 51 0.60 <p id="xdx_80D_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000074662Member_dU_ze97MkxcsjSi" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zFJMUOrt9Z1i" style="box-sizing: border-box; text-align-last: auto">1.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zkVU5564PSig" style="box-sizing: border-box; text-align-last: auto">17.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zKfm4vAmjxp9" style="box-sizing: border-box; text-align-last: auto">15.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zMoXJrTg1bnh" style="box-sizing: border-box; text-align-last: auto">5.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zPtZCAk8pMXe" style="box-sizing: border-box; text-align-last: auto">17.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zJb9Hy9xWOK3" style="box-sizing: border-box; text-align-last: auto">15.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zSDvilLMsQhk" style="box-sizing: border-box; text-align-last: auto">11.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zQBVhsnbCTB9" style="box-sizing: border-box; text-align-last: auto">11.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_z0dA4YthW9r2" style="box-sizing: border-box; text-align-last: auto">1.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000074662Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zf5pa2pktRt7" style="box-sizing: border-box; text-align-last: auto">1.3%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjmu2ev.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.019 0.175 0.157 0.051 0.176 0.159 0.118 0.114 0.018 0.013 Hennessy Cornerstone Value Fund Investor Class HFCVX This <span id="xdx_905_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139155Member_zDYh4nCpbfq4">semi-annual shareholder report</span> contains important information about the Hennessy Cornerstone Value Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_905_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139155Member_zZRvaLmP9RJi">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_907_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139155Member_zxh7bs4WlqOh">1-800-966-4354</span> or <span id="xdx_905_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139155Member_zzkfG5ddKKJd">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_80D_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139155Member_dD_zwpFRF2Ctv8i" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_989_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139155Member_zD9zMuwaSlTj" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$65</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_989_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139155Member_fKg_____zaDmot25kuih" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.21%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0F_zuZGsKK36Gn9" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F14_zPPvnsg6Dqvi" style="text-align: justify">Annualized.</td></tr></table> 65 0.0121 <p id="xdx_809_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139155Member_dD_zCWr985ZCTu8" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139155Member_zjgjoVIv5Iw8" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$330,241,183</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139155Member_zMVEVjZ7DqU9" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_987_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139155Member_fKg_____zdfJEx0n5Bla" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F03_zIPTW3oU1Gt1" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F17_zuTjk1KhCVsh" style="text-align: justify">Not annualized.</td></tr></table> 330241183 51 0.19 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139155Member_dU_zIyoajrEKPxb" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139155Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zZh16sfcpDm1" style="box-sizing: border-box; text-align-last: auto">0.079</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139155Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_ztgeWk3itSlk" style="box-sizing: border-box; text-align-last: auto">0.064</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139155Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zGO530Zt8oC3" style="box-sizing: border-box; text-align-last: auto">0.171</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139155Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zt1Ow47nVUKg" style="box-sizing: border-box; text-align-last: auto">0.24</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139155Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zsYA7LcfOw4g" style="box-sizing: border-box; text-align-last: auto">0.154</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139155Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zy2WCBacMyhe" style="box-sizing: border-box; text-align-last: auto">0.199</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139155Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zYl676V60pnl" style="box-sizing: border-box; text-align-last: auto">0.084</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139155Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zdzbpMudxK24" style="box-sizing: border-box; text-align-last: auto">0.009000000000000001</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjn13c7.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.079 0.064 0.171 0.24 0.154 0.199 0.084 0.009000000000000001 Hennessy Cornerstone Value Fund Institutional Class HICVX This <span id="xdx_90A_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139156Member_zy40VUPGcBn2">semi-annual shareholder report</span> contains important information about the Hennessy Cornerstone Value Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_907_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139156Member_zMeSQw9muKwi">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_901_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139156Member_za3XoLzDOTZ">1-800-966-4354</span> or <span id="xdx_902_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139156Member_ziL33lnk9FN8">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_80A_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139156Member_dD_znjwBjAregyb" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139156Member_zj2OuI1PGte6" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$54</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139156Member_fKg_____zXILtPeyOGu3" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.00%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F00_zhdWzYVlv5hb" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F12_znIXofxIq7P2" style="text-align: justify">Annualized.</td></tr></table> 54 0.0100 <p id="xdx_80E_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139156Member_dD_zfFZXGqq8ol4" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139156Member_zBMrU14kA47a" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$330,241,183</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_985_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139156Member_zyZnLaKczU22" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">51</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139156Member_fKg_____zzo5Th5vgMAd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F01_zU7hmArOQMY" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F15_zVJGHjnShzp7" style="text-align: justify">Not annualized.</td></tr></table> 330241183 51 0.19 <p id="xdx_801_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139156Member_dU_z1VkUZ1kLwt4" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139156Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zwSZ6orULzxc" style="box-sizing: border-box; text-align-last: auto">0.079</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139156Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zXSChYjw8vXc" style="box-sizing: border-box; text-align-last: auto">0.064</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139156Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zqBZzYmTPDyl" style="box-sizing: border-box; text-align-last: auto">0.171</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139156Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zwgcgPrJ1Nu8" style="box-sizing: border-box; text-align-last: auto">0.24</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139156Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zD8dU6exhiR7" style="box-sizing: border-box; text-align-last: auto">0.154</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139156Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_z89AW6KBQ9Z8" style="box-sizing: border-box; text-align-last: auto">0.199</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139156Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zy6IfQYEjug6" style="box-sizing: border-box; text-align-last: auto">0.084</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139156Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_ztJFzP8aQWO6" style="box-sizing: border-box; text-align-last: auto">0.009000000000000001</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjn13c7.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.079 0.064 0.171 0.24 0.154 0.199 0.084 0.009000000000000001 Hennessy Total Return Fund Investor Class HDOGX This <span id="xdx_902_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139157Member_zDBLJNhITODl">semi-annual shareholder report</span> contains important information about the Hennessy Total Return Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_900_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139157Member_z1n5rqL6i908">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_906_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139157Member_z33bj2mYRVOa">1-800-966-4354</span> or <span id="xdx_905_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139157Member_z4b4MeeS3f3g">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_80B_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139157Member_dD_z6Aj39EFeDOl" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_988_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139157Member_zqtWHYaK6rth" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$151</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139157Member_fKg_____zMLWkYO4Hnq1" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.95%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_zUSuMGtqEWsc" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F14_zcuORr56rjz8" style="text-align: justify">Annualized.</td></tr></table> 151 0.0295 <p id="xdx_80C_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139157Member_dD_zmPqxdfNIfnl" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_981_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139157Member_zUMVjlYC6qqe" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$50,008,495</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_987_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139157Member_z7CHXuICWAil" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">20</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139157Member_fKg_____zozze28uRYkh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">30%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F0E_zUJuZaGaDAyg" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F13_zq1l8y4U4AI7" style="text-align: justify">Not annualized.</td></tr></table> 50008495 20 0.30 <p id="xdx_80B_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139157Member_dU_z2F1n4sgwtQ4" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139157Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zK2YXUP4K5Va" style="box-sizing: border-box; text-align-last: auto">7.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139157Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zACR38wI09B8" style="box-sizing: border-box; text-align-last: auto">13.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139157Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zGOTW9LYvMUa" style="box-sizing: border-box; text-align-last: auto">14.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139157Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zht3tKrp0DP3" style="box-sizing: border-box; text-align-last: auto">7.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139157Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_z0hmxXq7NC4" style="box-sizing: border-box; text-align-last: auto">25.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139157Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zpQgR8VM4RG9" style="box-sizing: border-box; text-align-last: auto">0.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139157Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zvvu8y4D9jy7" style="box-sizing: border-box; text-align-last: auto">30.9%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjnuvvz.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.077 0.133 0.142 0.077 0.253 0.009 0.309 Hennessy Equity and Income Fund Investor Class HEIFX This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118924Member_zuBcW5ZaZO9g">semi-annual shareholder report</span> contains important information about the Hennessy Equity and Income Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90C_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118924Member_zK8VAegNiEui">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_908_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118924Member_zlo8ss6gImOj">1-800-966-4354</span> or <span id="xdx_900_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118924Member_zwCChABHzqfj">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118924Member_dD_zsW2lDNnwgX1" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118924Member_z0MVSa5l0U9a" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$86</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_987_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118924Member_fKg_____zo8HfeAh6H1e" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.66%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F06_zqutfGfH6qje" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_z6463K9ENzE1" style="text-align: justify">Annualized.</td></tr></table> 86 0.0166 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118924Member_dD_zhhUjzIRsQp2" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98E_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118924Member_zJFgPKICMSJ6" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$41,253,935</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118924Member_zR4jcUFJKea2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">95</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118924Member_fKg_____zpNxIvr7q8Hd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F01_zScxQGPlCoAk" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_zXUmse3oTIOh" style="text-align: justify">Not annualized.</td></tr></table> 41253935 95 0.12 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118924Member_dU_zCt9rnHWkpAl" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_z5xIp1B4bBg1" style="box-sizing: border-box; text-align-last: auto">8.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_z06xoGsUOCJ7" style="box-sizing: border-box; text-align-last: auto">5.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zfO9L3FnKBP8" style="box-sizing: border-box; text-align-last: auto">5.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zByhr1UpEVhl" style="box-sizing: border-box; text-align-last: auto">2.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zWdDOfDCfj5c" style="box-sizing: border-box; text-align-last: auto">22.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zMvgfvw4fkp5" style="box-sizing: border-box; text-align-last: auto">3.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zyu0OZTh3Y37" style="box-sizing: border-box; text-align-last: auto">12.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zkkiD2KQwnLb" style="box-sizing: border-box; text-align-last: auto">14.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zX7bRK2TIQG1" style="box-sizing: border-box; text-align-last: auto">7.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_z9SKECo9TPua" style="box-sizing: border-box; text-align-last: auto">2.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Mortgage-Backed Securities</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__us-gaap--MortgageBackedSecuritiesMember_zHrdJYtCJ4l2" style="box-sizing: border-box; text-align-last: auto">0.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">U.S. Treasury Notes</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__custom--USTreasuryNotesMember_zb7atv75mZD9" style="box-sizing: border-box; text-align-last: auto">13.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118924Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zqfx2F6oKbAd" style="box-sizing: border-box; text-align-last: auto">2.0%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjn4ws0.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.080 0.053 0.052 0.029 0.225 0.033 0.126 0.140 0.077 0.027 0.002 0.136 0.020 Hennessy Equity and Income Fund Institutional Class HEIIX This <span id="xdx_90D_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118923Member_z1TQmbCgt4S">semi-annual shareholder report</span> contains important information about the Hennessy Equity and Income Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90F_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118923Member_zHnHOetAdUXh">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_909_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118923Member_zy5XIevEIk3j">1-800-966-4354</span> or <span id="xdx_908_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118923Member_zaDHxMX9sN7e">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118923Member_dD_ziti6Be9irJ3" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118923Member_zlL9Eaa4pgHk" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$68</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98B_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118923Member_fKg_____zvb6E8DhmbEj" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.31%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0D_zSslbfEnc7Ve" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F13_z8tHKP5PCkLk" style="text-align: justify">Annualized.</td></tr></table> 68 0.0131 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118923Member_dD_zBvZDMzJ2sD5" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118923Member_zP1w9CsHTaG7" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$41,253,935</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_981_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118923Member_zBhTBbH2G73f" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">95</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118923Member_fKg_____z5jTeqx5LV9e" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">12%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F04_zBFhMHef76mh" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F11_zeZio7YKtgV" style="text-align: justify">Not annualized.</td></tr></table> 41253935 95 0.12 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118923Member_dU_zD9YkrZqWf0b" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_z79eXqKDQiU4" style="box-sizing: border-box; text-align-last: auto">8.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zLY0SKI4rgXl" style="box-sizing: border-box; text-align-last: auto">5.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zMsgyD8CBoCd" style="box-sizing: border-box; text-align-last: auto">5.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_z26cJydpAoRb" style="box-sizing: border-box; text-align-last: auto">2.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zJUwGfCmd6rk" style="box-sizing: border-box; text-align-last: auto">22.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_z6w80MNgPPL3" style="box-sizing: border-box; text-align-last: auto">3.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zNQf0wEcjfI7" style="box-sizing: border-box; text-align-last: auto">12.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zRHyktiuT0aj" style="box-sizing: border-box; text-align-last: auto">14.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zZpv6q5uLjOi" style="box-sizing: border-box; text-align-last: auto">7.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zsC7LVIkmzBh" style="box-sizing: border-box; text-align-last: auto">2.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Mortgage-Backed Securities</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__us-gaap--MortgageBackedSecuritiesMember_zJQi13PmHx04" style="box-sizing: border-box; text-align-last: auto">0.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">U.S. Treasury Notes</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__custom--USTreasuryNotesMember_zPPQwtezx8D4" style="box-sizing: border-box; text-align-last: auto">13.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000118923Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zovo9a7IyhIf" style="box-sizing: border-box; text-align-last: auto">2.0%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjn4ws0.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.080 0.053 0.052 0.029 0.225 0.033 0.126 0.140 0.077 0.027 0.002 0.136 0.020 Hennessy Balanced Fund Investor Class HBFBX This <span id="xdx_909_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139158Member_zxkCnQnr9gBh">semi-annual shareholder report</span> contains important information about the Hennessy Balanced Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_906_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139158Member_zbfsZyO7nPgh">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_901_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139158Member_zgOy6Phnhuwf">1-800-966-4354</span> or <span id="xdx_909_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139158Member_zJPkHV68EGzi">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139158Member_dD_zLxnKsZJnHU9" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98E_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139158Member_zXNLiuEfnWE8" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$92</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139158Member_fKg_____zyEGujSPa8C3" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.80%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F08_zcbIcDuiPis9" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F13_zx9263vL82jf" style="text-align: justify">Annualized.</td></tr></table> 92 0.0180 <p id="xdx_80C_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139158Member_dD_zEKWebM5ydp2" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139158Member_zceW7u2MGh9f" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$13,610,160</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139158Member_zR9gMg7K0fi9" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">17</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_985_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139158Member_fKg_____z0TAyeHRmvek" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">19%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F08_zsNlrG6sjOt" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1E_zR2X6qoScgic" style="text-align: justify">Not annualized.</td></tr></table> 13610160 17 0.19 <p id="xdx_80B_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139158Member_dU_z4xV2fP35pA" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139158Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zhlJ9ppbl7P4" style="box-sizing: border-box; text-align-last: auto">4.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139158Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zkg5q6oZWxxf" style="box-sizing: border-box; text-align-last: auto">5.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139158Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zmGFWoesuVB4" style="box-sizing: border-box; text-align-last: auto">8.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139158Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zAeYRE0TQMe" style="box-sizing: border-box; text-align-last: auto">6.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139158Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zOn2IqLO7Lo9" style="box-sizing: border-box; text-align-last: auto">20.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139158Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zDVLUWD8QC92" style="box-sizing: border-box; text-align-last: auto">5.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000139158Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zxNaVY6haiG8" style="box-sizing: border-box; text-align-last: auto">49.2%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjmp2yl.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.049 0.050 0.087 0.060 0.209 0.053 0.492 Hennessy Energy Transition Fund Investor Class HNRGX This <span id="xdx_906_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000205118Member_zO2d3Cqpxuc4">semi-annual shareholder report</span> contains important information about the Hennessy Energy Transition Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90C_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000205118Member_zmvb1Y2kLv9a">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_904_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000205118Member_zPfd8g0dWCo3">1-800-966-4354</span> or <span id="xdx_901_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000205118Member_znax3DONU8Gc">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000205118Member_dD_zb6I5xSb26P1" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000205118Member_z2cjuaYOdMgh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$139</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_983_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000205118Member_fKg_____zHIaoEburI58" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.37%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_zTZzH8sFa3Tg" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1A_zN3aEYaJgMHe" style="text-align: justify">Annualized.</td></tr></table> 139 0.0237 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000205118Member_dD_zTGvJDTjAVY8" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98E_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000205118Member_zfaCx15bTzCb" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$23,995,368</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_981_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000205118Member_z5hfFizJ7dk9" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000205118Member_fKg_____zSGuzLKb3mUd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F07_zbA4Me8KtJNf" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F14_zUDmCQpsM0V2" style="text-align: justify">Not annualized.</td></tr></table> 23995368 29 0.16 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000205118Member_dU_zwMxBVB7wG8d" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 4pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Downstream</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000205118Member__oef--IndustrySectorAxis__custom--DownstreamSectorMember_zXttmX7fOHYf" style="box-sizing: border-box; text-align-last: auto">8.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Exploration and Production</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000205118Member__oef--IndustrySectorAxis__custom--ExplorationandProductionSectorMember_z6LKcIuUJa6" style="box-sizing: border-box; text-align-last: auto">32.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Integrated</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000205118Member__oef--IndustrySectorAxis__custom--IntegratedSectorMember_zOhYUQfRIdO3" style="box-sizing: border-box; text-align-last: auto">9.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000205118Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zSHPtjQJ45Ii" style="box-sizing: border-box; text-align-last: auto">4.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Midstream</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000205118Member__oef--IndustrySectorAxis__custom--MidstreamSectorMember_z9IwgcIbn4o6" style="box-sizing: border-box; text-align-last: auto">13.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Oil Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000205118Member__oef--IndustrySectorAxis__custom--OilServicesSectorMember_zGOp9PmXwm4" style="box-sizing: border-box; text-align-last: auto">24.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000205118Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zj5lSLzy9aq9" style="box-sizing: border-box; text-align-last: auto">4.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260430__oef--ClassAxis__custom--C000205118Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsandOtherSectorMember_zIIpX2zjsA33" style="box-sizing: border-box; text-align-last: auto">3.2%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjn2e95.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">For presentation purposes, the Fund uses custom categories.</p> 0.084 0.328 0.093 0.041 0.132 0.245 0.045 0.032 Hennessy Energy Transition Fund Institutional Class HNRIX This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000205117Member_ziDlRXNFyNi6">semi-annual shareholder report</span> contains important information about the Hennessy Energy Transition Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90E_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000205117Member_zU2PCd2wln27">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_90E_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000205117Member_zVQXMSE7A6Yh">1-800-966-4354</span> or <span id="xdx_90A_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000205117Member_z6CkfHHGjtTl">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_807_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000205117Member_dD_zvfqWpRycLuh" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_985_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000205117Member_zShMYIOd2it5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$121</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_982_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000205117Member_fKg_____z9YwDSXsVOVd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">2.07%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0D_zFT3kv5VDn29" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F14_z0vIY2qlel4j" style="text-align: justify">Annualized.</td></tr></table> 121 0.0207 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000205117Member_dD_zwLAEtGoPHa8" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000205117Member_zH4ZCgejjXRe" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$23,995,368</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000205117Member_zi0F9qNd0grd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">29</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000205117Member_fKg_____zC3KjbrEIoJ7" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F09_zL6N9MW4DuFc" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F14_zm1B9h6RDzWd" style="text-align: justify">Not annualized.</td></tr></table> 23995368 29 0.16 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000205117Member_dU_zQseFUijsTPc" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 4pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Downstream</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205117Member__oef--IndustrySectorAxis__custom--DownstreamMember_z4RD3deIvCt1" style="box-sizing: border-box; text-align-last: auto">8.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Exploration and Production</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205117Member__oef--IndustrySectorAxis__custom--ExplorationAndProductionMember_zzaiu3WtiTpc" style="box-sizing: border-box; text-align-last: auto">32.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Integrated</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205117Member__oef--IndustrySectorAxis__custom--IntegratedMember_zUvwBCx7dyQk" style="box-sizing: border-box; text-align-last: auto">9.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205117Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zeI4sbA7ut69" style="box-sizing: border-box; text-align-last: auto">4.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Midstream</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205117Member__oef--IndustrySectorAxis__custom--MidstreamMember_z7CbxLfuUpq5" style="box-sizing: border-box; text-align-last: auto">13.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Oil Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205117Member__oef--IndustrySectorAxis__custom--OilServicesMember_zP6bCBqqwMc3" style="box-sizing: border-box; text-align-last: auto">24.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205117Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zTPms357MTJk" style="box-sizing: border-box; text-align-last: auto">4.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205117Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zTNqJsiWeyle" style="box-sizing: border-box; text-align-last: auto">3.2%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjn2e95.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">For presentation purposes, the Fund uses custom categories.</p> 0.084 0.328 0.093 0.041 0.132 0.245 0.045 0.032 Hennessy Midstream Fund Investor Class HMSFX This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000205119Member_zTqg2Pvqerh4">semi-annual shareholder report</span> contains important information about the Hennessy Midstream Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90F_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000205119Member_zvZxT9WfbM3k">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_900_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000205119Member_zNjDR9uWgHx1">1-800-966-4354</span> or <span id="xdx_90B_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000205119Member_znJOlNUqfUsc">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000205119Member_dD_ziSReMQY7vBd" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000205119Member_zZ9hzJwvSoK4" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$97</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000205119Member_fKg_____z7kTAeVE5hqk" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.75%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0C_zfUuUbkIj0Bg" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F10_zxoJQ8SbZKu9" style="text-align: justify">Annualized.</td></tr></table> 97 0.0175 <p id="xdx_804_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000205119Member_dD_zwGkB0N1n9fg" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_989_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000205119Member_zNdeSnZV5JG7" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$79,398,201</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_988_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000205119Member_zwuBveXQtNya" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000205119Member_fKg_____zAAA8bkOhSU3" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F0F_zb4VSiLclRB1" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F13_zvZKwjQaD5c5" style="text-align: justify">Not annualized.</td></tr></table> 79398201 16 0 <p id="xdx_802_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000205119Member_dU_ztj4ctrFhDCd" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 4pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Crude Oil and Refined Products</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205119Member__oef--IndustrySectorAxis__custom--CrudeOilAndRefinedProductsMember_z4JY7fR2oBEb" style="box-sizing: border-box; text-align-last: auto">23.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Geathering and Processing</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205119Member__oef--IndustrySectorAxis__custom--GeatheringAndProcessingMember_zDs7yo8SiLL2" style="box-sizing: border-box; text-align-last: auto">19.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Natural Gas/NGL Transportation</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205119Member__oef--IndustrySectorAxis__custom--NaturalGasNGLTransportationMember_zPsqvQrQchn" style="box-sizing: border-box; text-align-last: auto">59.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205119Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zHb6tl7vJeAa" style="box-sizing: border-box; text-align-last: auto">-1.3%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjnnhxu.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">For presentation purposes, the Fund uses custom categories.</p> 0.232 0.190 0.591 -0.013 Hennessy Midstream Fund Institutional Class HMSIX This <span id="xdx_907_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000205120Member_zD6azHlnKqyg">semi-annual shareholder report</span> contains important information about the Hennessy Midstream Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90B_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000205120Member_zXxo5og56Wyf">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_904_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000205120Member_zi9g3SM2zcr8">1-800-966-4354</span> or <span id="xdx_902_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000205120Member_zYF7WtpsG7sf">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000205120Member_dU_zYKSa7acvXgf" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_90C_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000205120Member_zmtp9xmmUorj">80</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_905_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000205120Member_fKg_____zIg2sDxRzOte">1.44</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F08_zuCwYqc5RJM3" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F19_z2vGOwohsCt1" style="text-align: justify">Annualized.</td></tr></table> 80 0.0144 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000205120Member_dU_z56UU9sj5ih6" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_90B_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000205120Member_zzAGd8JeS3Oc">79,398,201</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_983_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000205120Member_zkI8tuR8A6q8" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">16</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98F_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000205120Member_fKg_____zHWIU6MIGLLf" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F01_zFnqxfGGp7e6" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1F_zz4k1635tvJ7" style="text-align: justify">Not annualized.</td></tr></table> 79398201 16 0 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000205120Member_dU_z4H62mfKvGga" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 4pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Crude Oil and Refined Products</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205120Member__oef--IndustrySectorAxis__custom--CrudeOilAndRefinedProductsMember_z1u6R34KlP82" style="box-sizing: border-box; text-align-last: auto">23.2%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Geathering and Processing</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205120Member__oef--IndustrySectorAxis__custom--GeatheringAndProcessingMember_zLCGQzl8Z2X" style="box-sizing: border-box; text-align-last: auto">19.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Natural Gas/NGL Transportation</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205120Member__oef--IndustrySectorAxis__custom--NaturalGasNGLTransportationMember_zzMqLv5KYkc8" style="box-sizing: border-box; text-align-last: auto">59.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000205120Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zRjR5Y7bBjO1" style="box-sizing: border-box; text-align-last: auto">-1.3%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjnnhxu.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <p style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">For presentation purposes, the Fund uses custom categories.</p> 0.232 0.190 0.591 -0.013 Hennessy Gas Utility Fund Investor Class GASFX This <span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118922Member_z2I3nltnIpB8">semi-annual shareholder report</span> contains important information about the Hennessy Gas Utility Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_902_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118922Member_zl6wrE3s1QDd">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_900_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118922Member_zmPPQJ43z2D4">1-800-966-4354</span> or <span id="xdx_907_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118922Member_zkk6Ys2olmw">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118922Member_dU_zhaNe0vlqP47" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_90D_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118922Member_ziOX9d7Z7LX2">52</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_908_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118922Member_fKg_____zgFWdsjrb7h4">0.97</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F00_zBZhBJqKNmBk" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F10_zg0RitCHRpth" style="text-align: justify">Annualized.</td></tr></table> 52 0.0097 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118922Member_dU_z8mk4CAQGTge" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_901_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118922Member_z5DdX5oVfdBe">539,971,302</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_989_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118922Member_zJA9PGRVrH8d" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">47</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118922Member_fKg_____zowUpgA388dh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F09_z12lV8u0zvE9" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F16_zm0uvgFVveYk" style="text-align: justify">Not annualized.</td></tr></table> 539971302 47 0.06 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118922Member_dU_zCeu3n9YJ4p5" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118922Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zbEOQ2g8ysb" style="box-sizing: border-box; text-align-last: auto">38.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118922Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zRHBwTZEqgAc" style="box-sizing: border-box; text-align-last: auto">4.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118922Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zVvo92TWa3Mk" style="box-sizing: border-box; text-align-last: auto">56.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118922Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zY2vX4ki53f2" style="box-sizing: border-box; text-align-last: auto">0.4%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjn9u4j.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.387 0.048 0.561 0.004 Hennessy Gas Utility Fund Institutional Class HGASX This <span id="xdx_902_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000179119Member_ziR8NmQeYYsc">semi-annual shareholder report</span> contains important information about the Hennessy Gas Utility Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90D_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000179119Member_zNOnOUE1Utlk">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_907_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000179119Member_zQy8IFWMZNSc">1-800-966-4354</span> or <span id="xdx_90B_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000179119Member_zGxL5eYAlm6a">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000179119Member_dU_zGg5BEPuPkV9" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_908_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000179119Member_z5pQYTosBCq5">36</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_905_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000179119Member_fKg_____z9d1uWuo3eF">0.68</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F04_zj0dAm7uH0Kh" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1F_znq3ECvAuprh" style="text-align: justify">Annualized.</td></tr></table> 36 0.0068 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000179119Member_dU_zWDIyPG468Fh" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_901_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000179119Member_zejChXL7NcIg">539,971,302</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_987_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000179119Member_zJqYnlb6WdY5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">47</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000179119Member_fKg_____zh0K37zpHuTf" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">6%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F01_zymobyrbcm9l" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1C_z1590SIudpNa" style="text-align: justify">Not annualized.</td></tr></table> 539971302 47 0.06 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000179119Member_dU_z6qlq1InVerk" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Energy</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000179119Member__oef--IndustrySectorAxis__us-gaap--EnergySectorMember_zDKDDuHOZ605" style="box-sizing: border-box; text-align-last: auto">38.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000179119Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zAnjl7RFdfud" style="box-sizing: border-box; text-align-last: auto">4.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000179119Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_ziZsST6Ii2ff" style="box-sizing: border-box; text-align-last: auto">56.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000179119Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_z5p7glUswtn2" style="box-sizing: border-box; text-align-last: auto">0.4%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjn9u4j.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.387 0.048 0.561 0.004 Hennessy Japan Fund Investor Class HJPNX This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139160Member_zm5UmysBlYcj">semi-annual shareholder report</span> contains important information about the Hennessy Japan Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_903_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139160Member_zytHLcikT338">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_901_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139160Member_zc6Ww0RGSyM">1-800-966-4354</span> or <span id="xdx_90C_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139160Member_zrcaSRM6DIB6">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139160Member_dU_zznZSeoH9V5h" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_904_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139160Member_zkx7ImtaUKT6">71</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_901_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139160Member_fKg_____zPttKfRCzFSf">1.39</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0A_zkKlGmJveLZd" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F11_z9mYz6fUCvPl" style="text-align: justify">Annualized.</td></tr></table> 71 0.0139 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139160Member_dU_z99hPCMjtc91" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_901_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139160Member_z6v0O44FQvAc">447,550,466</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139160Member_zH40A5t3teNi" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">31</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_983_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139160Member_fKg_____z9ac9lCtR8p1" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F06_zN8V8szGiRk5" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_zncIx7El0ued" style="text-align: justify">Not annualized.</td></tr></table> 447550466 31 0.03 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139160Member_dU_zCjCbw2u1Wx1" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zrZstyeAWiq2" style="box-sizing: border-box; text-align-last: auto">5.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_z1pjxEZY55Ae" style="box-sizing: border-box; text-align-last: auto">11.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zpPB3OIvpu7j" style="box-sizing: border-box; text-align-last: auto">5.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zqp1OzdzHpbh" style="box-sizing: border-box; text-align-last: auto">34.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zFCJ09LX5CI9" style="box-sizing: border-box; text-align-last: auto">0.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zx3oetiLpE15" style="box-sizing: border-box; text-align-last: auto">18.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zIm2UahNaB8g" style="box-sizing: border-box; text-align-last: auto">12.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zCvdV9BRqlQc" style="box-sizing: border-box; text-align-last: auto">6.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_z7kLPiEYdFG4" style="box-sizing: border-box; text-align-last: auto">1.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139160Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zK59efZlXwFa" style="box-sizing: border-box; text-align-last: auto">3.3%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjndejo.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.051 0.118 0.059 0.345 0.006 0.180 0.126 0.063 0.019 0.033 Hennessy Japan Fund Institutional Class HJPIX This <span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139159Member_zqPzBfqIKpj6">semi-annual shareholder report</span> contains important information about the Hennessy Japan Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_904_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139159Member_zJLlQf9UbkIe">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_906_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139159Member_zEtgbFtgz2Bf">1-800-966-4354</span> or <span id="xdx_90A_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139159Member_zt2i4cByuyCd">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139159Member_dU_zGXtZO5E4Wpj" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_905_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139159Member_zjQecnBHFpwh">53</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_901_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139159Member_fKg_____zbaML4IssKx1">1.04</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0A_zXFa8QwufVBf" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F16_zhuzNrIvamoj" style="text-align: justify">Annualized.</td></tr></table> 53 0.0104 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139159Member_dU_zBWwgspqJwma" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_902_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139159Member_zTkf2EsqTEEd">447,550,466</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139159Member_zHSRRCyaz8qj" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">31</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139159Member_fKg_____z1agFNdDCXQ1" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">3%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F08_z7pr06Knsqo1" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_zpxkYVHnfLH6" style="text-align: justify">Not annualized.</td></tr></table> 447550466 31 0.03 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139159Member_dU_z4lcMe3HJYL6" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zoqdZIZA42Q7" style="box-sizing: border-box; text-align-last: auto">5.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zM2gFtaTIbIf" style="box-sizing: border-box; text-align-last: auto">11.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_z8xAUv2YZGhk" style="box-sizing: border-box; text-align-last: auto">5.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zv9ss3azEuD3" style="box-sizing: border-box; text-align-last: auto">34.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zST1yTPPQuT5" style="box-sizing: border-box; text-align-last: auto">0.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zpbcgQ3GxGch" style="box-sizing: border-box; text-align-last: auto">18.0%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zLvIhxhYxfog" style="box-sizing: border-box; text-align-last: auto">12.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zUWL9qf4l1Bc" style="box-sizing: border-box; text-align-last: auto">6.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_z77gkAydlWQe" style="box-sizing: border-box; text-align-last: auto">1.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139159Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zvOYti3ZGnHd" style="box-sizing: border-box; text-align-last: auto">3.3%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjndejo.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.051 0.118 0.059 0.345 0.006 0.180 0.126 0.063 0.019 0.033 Hennessy Japan Small Cap Fund Investor Class HJPSX This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000139161Member_zof2tEoHQH6h">semi-annual shareholder report</span> contains important information about the Hennessy Japan Small Cap Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_90B_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000139161Member_zA9fM7dz1lqk">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_903_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000139161Member_zSwKryrpgdS9">1-800-966-4354</span> or <span id="xdx_903_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000139161Member_z4OSwIr9N8F9">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000139161Member_dU_zb6fxwomvMRe" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_904_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000139161Member_zN1exwhJn4pd">79</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_907_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000139161Member_fKg_____ztBgxsPDojQg">1.48</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F02_zW8RvxVIxzCj" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F10_zBeU91SROIsb" style="text-align: justify">Annualized.</td></tr></table> 79 0.0148 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000139161Member_dU_zG21a6U19rWl" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_902_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000139161Member_zv5uZPXLbnb4">131,830,605</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000139161Member_zXJtvnmefGk2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">62</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000139161Member_fKg_____z3DpsbnB8zIa" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F0B_zgDA64ALZ8B4" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1D_zmFC7HyI9Lt4" style="text-align: justify">Not annualized.</td></tr></table> 131830605 62 0.21 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000139161Member_dU_zAQu3GXnDRa5" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_znRTS3bKzHJl" style="box-sizing: border-box; text-align-last: auto">1.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zAPn5Lw1FyRd" style="box-sizing: border-box; text-align-last: auto">18.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_zQWbx24eEDy2" style="box-sizing: border-box; text-align-last: auto">7.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zz3CmunjX1ad" style="box-sizing: border-box; text-align-last: auto">9.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_z06ZntiODgDi" style="box-sizing: border-box; text-align-last: auto">2.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_z6VEC8HmofJa" style="box-sizing: border-box; text-align-last: auto">31.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98F_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zRT1qUdpOt0l" style="box-sizing: border-box; text-align-last: auto">14.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zIEhNcBtLVJk" style="box-sizing: border-box; text-align-last: auto">4.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zZgO44p8g1dg" style="box-sizing: border-box; text-align-last: auto">5.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zn4JdDUkI2Hf" style="box-sizing: border-box; text-align-last: auto">0.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000139161Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_z8ZyeRcFrtp8" style="box-sizing: border-box; text-align-last: auto">3.5%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjnei6u.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.016 0.189 0.073 0.099 0.028 0.314 0.141 0.048 0.054 0.003 0.035 Hennessy Japan Small Cap Fund Institutional Class HJSIX This <span id="xdx_900_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000157631Member_zlqbEMrx1oZh">semi-annual shareholder report</span> contains important information about the Hennessy Japan Small Cap Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_908_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000157631Member_zsI5H70XJSV7">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_906_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000157631Member_zmeceb26U4o3">1-800-966-4354</span> or <span id="xdx_903_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000157631Member_zOV6PSaK1iJl">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000157631Member_dU_z96QUgqkVr01" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_906_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000157631Member_zqXWeLwa4bc8">58</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90D_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000157631Member_fKg_____zp7L3btB26k7">1.09</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0F_zFdwjXuCZm9d" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F16_zh2LpvNvjXse" style="text-align: justify">Annualized.</td></tr></table> 58 0.0109 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000157631Member_dU_zocIhgncGAI1" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_908_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000157631Member_zDNZ6gPKPD6i">131,830,605</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_987_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000157631Member_z3QqyW7dVR0d" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">62</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98F_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000157631Member_fKg_____zI5v3dZYPRqk" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">21%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F08_zkzxek0hYmVb" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1B_zztf5I4dF1ti" style="text-align: justify">Not annualized.</td></tr></table> 131830605 62 0.21 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000157631Member_dU_zXnWPPghkN9h" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zcAJ5GchOrsj" style="box-sizing: border-box; text-align-last: auto">1.6%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_zXKhVYPqKn01" style="box-sizing: border-box; text-align-last: auto">18.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_z8qCs8sNJwYi" style="box-sizing: border-box; text-align-last: auto">7.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zWM5EcIdeAEf" style="box-sizing: border-box; text-align-last: auto">9.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zHqYSl4CV7gk" style="box-sizing: border-box; text-align-last: auto">2.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zKNLPFOBHRt1" style="box-sizing: border-box; text-align-last: auto">31.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_z9gf8xGYV483" style="box-sizing: border-box; text-align-last: auto">14.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_zVMvjE7LBIcb" style="box-sizing: border-box; text-align-last: auto">4.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zvcRql7Dqis3" style="box-sizing: border-box; text-align-last: auto">5.4%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zxqAV9oEaPme" style="box-sizing: border-box; text-align-last: auto">0.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157631Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zuINb0IDcsm9" style="box-sizing: border-box; text-align-last: auto">3.5%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjnei6u.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.016 0.189 0.073 0.099 0.028 0.314 0.141 0.048 0.054 0.003 0.035 Hennessy Large Cap Financial Fund Investor Class HLFNX This <span id="xdx_90F_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118917Member_zNxhJx6od1B2">semi-annual shareholder report</span> contains important information about the Hennessy Large Cap Financial Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_909_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118917Member_zuLfbWcCxg1d">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118917Member_zJs6IYBN62Of">1-800-966-4354</span> or <span id="xdx_901_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118917Member_z5SAgQDswWca">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118917Member_dU_zxYM91AHNGk5" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_909_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118917Member_zpVoZK0E0PR9">91</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90C_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118917Member_fKg_____zoa7W4sBT2gc">1.86</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_za9rEJqRgPle" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_zgpBn6oQEKK6" style="text-align: justify">Annualized.</td></tr></table> 91 0.0186 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118917Member_dU_zsDVQRheZAC3" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_902_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118917Member_zQAs4mH3qkrl">28,572,500</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_987_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118917Member_zT0XIynMntS7" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_983_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118917Member_fKg_____zOSdGs6X2kJf" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">17%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F06_zTo6NdSgSZQb" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1C_zOh0KJ5lLnH7" style="text-align: justify">Not annualized.</td></tr></table> 28572500 26 0.17 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118917Member_dU_zU35kBjxjzDk" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118917Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zDFJPhrp4kQ7" style="box-sizing: border-box; text-align-last: auto">98.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118917Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zzh8HCAkdtC2" style="box-sizing: border-box; text-align-last: auto">1.9%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjnlbpu.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.981 0.019 Hennessy Large Cap Financial Fund Institutional Class HILFX This <span id="xdx_908_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000157630Member_zGZsbHZAOhC2">semi-annual shareholder report</span> contains important information about the Hennessy Large Cap Financial Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_906_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000157630Member_zU5cKs6gPvb9">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_90F_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000157630Member_z3GCIlTcnaqg">1-800-966-4354</span> or <span id="xdx_90D_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000157630Member_zH5GnjCuEtkk">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_804_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000157630Member_dU_zh46cphLrJlh" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_902_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000157630Member_z37nE4HRq6H2">76</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_90A_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000157630Member_fKg_____zTu4iA5mcvg7">1.54</span>%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F09_zmxsHv1wHnjd" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_z0VcP0pmod2a" style="text-align: justify">Annualized.</td></tr></table> 76 0.0154 <p id="xdx_803_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000157630Member_dU_z3iENUeugET" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$<span id="xdx_908_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000157630Member_zkm8Htu8nF6g">28,572,500</span></span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000157630Member_zayfQekvdCsi" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">26</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000157630Member_fKg_____zZZaEYsFaU7a" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">17%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F01_ztUibRWyAjH7" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F10_zep7corKGbhb" style="text-align: justify">Not annualized.</td></tr></table> 28572500 26 0.17 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000157630Member_dU_zl6JAactWPQd" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157630Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_z9Jlm3sH6xk4" style="box-sizing: border-box; text-align-last: auto">98.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000157630Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_za9M2ZhgH8Qe" style="box-sizing: border-box; text-align-last: auto">1.9%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjnlbpu.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.981 0.019 Hennessy Small Cap Financial Fund Investor Class HSFNX This <span id="xdx_909_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118918Member_ztfql7NoGQ06">semi-annual shareholder report</span> contains important information about the Hennessy Small Cap Financial Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_902_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118918Member_zi8rHJ3bo3Kc">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_90C_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118918Member_z90VmnGxxkQb">1-800-966-4354</span> or <span id="xdx_90E_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118918Member_zDo7vo4MCj99">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118918Member_dD_zAoD03ZGJvKh" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118918Member_zNpxBwsKusml" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$87</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_980_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118918Member_fKg_____zE3pejKow2O2" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.62%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F02_z1z4Hbv7xUs1" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F15_zyY7J0SfssRb" style="text-align: justify">Annualized.</td></tr></table> 87 0.0162 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118918Member_dD_zYHD59Fbagr" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_988_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118918Member_zj0z5qsUINh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$72,345,745</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118918Member_zngw6aL0QQB9" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_985_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118918Member_fKg_____zy6uihu3vIzb" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F04_zckOZD2ePJo7" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1B_z6YDOIMelpfh" style="text-align: justify">Not annualized.</td></tr></table> 72345745 27 0.10 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118918Member_dU_zjJ8A5vkaM16" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98C_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118918Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zMVA3LQCy5ma" style="box-sizing: border-box; text-align-last: auto">99.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118918Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zPjOzkkHGgN9" style="box-sizing: border-box; text-align-last: auto">0.9%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjnqbsf.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.991 0.009 Hennessy Small Cap Financial Fund Institutional Class HISFX This <span id="xdx_904_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118919Member_zpwRmIjGhTSi">semi-annual shareholder report</span> contains important information about the Hennessy Small Cap Financial Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_900_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118919Member_z9El1Vt24KSc">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_905_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118919Member_zc3dAIA391W2">1-800-966-4354</span> or <span id="xdx_909_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118919Member_z8wdVNtewCld">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118919Member_dD_zjBByv9nibF" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98F_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118919Member_zbMc4FNcH5V4" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$70</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_985_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118919Member_fKg_____zQ2YSpB9bL23" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.30%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F00_zKn2T0F33vf5" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F16_zDLY3T17rZv1" style="text-align: justify">Annualized.</td></tr></table> 70 0.0130 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118919Member_dD_zdAWxMOBHKda" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98A_eus-gaap--AssetsNet_iI_pp0p0_c20260430__oef--ClassAxis__custom--C000118919Member_zhJv22yGnxqk" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$72,345,745</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_988_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118919Member_zbvVAANoCAKh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">27</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_983_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118919Member_fKg_____z9Lo9jgyUlLd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">10%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F0C_zTKyWFdlnxpl" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1B_z9o2wA8Tsqo" style="text-align: justify">Not annualized.</td></tr></table> 72345745 27 0.10 <p id="xdx_800_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118919Member_dU_zO1kNiltNVzl" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118919Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_z62NppUb18wf" style="box-sizing: border-box; text-align-last: auto">99.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118919Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zzQY3pCgqQlk" style="box-sizing: border-box; text-align-last: auto">0.9%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjnqbsf.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.991 0.009 Hennessy Technology Fund Investor Class HTECX This <span id="xdx_90B_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118920Member_zRWzpbnS13oa">semi-annual shareholder report</span> contains important information about the Hennessy Technology Fund – Investor Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_902_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118920Member_zgDoPbVRVGu9">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_908_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118920Member_zTfWjDYmRoad">1-800-966-4354</span> or <span id="xdx_90F_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118920Member_zbl98haT8Vlg">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118920Member_dD_zs5K5EjKl93d" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Investor Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118920Member_zlE5q37ODAUh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$61</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_986_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118920Member_fKg_____zQNduaqhykj5" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">1.23%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F0C_zGX6kKLuwVNh" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1B_zvlQoOXNbds3" style="text-align: justify">Annualized.</td></tr></table> 61 0.0123 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118920Member_dD_z8NxQFJdFEd" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118920Member_zaIzm4dYzYX3" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$8,140,718</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98F_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118920Member_zQ4nk4a1Tzvh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">61</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_984_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118920Member_fKg_____zS0IqpcEp3ql" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">55%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F0E_z3tmR62Ze6qd" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F17_zGXEspkDjQJ7" style="text-align: justify">Not annualized.</td></tr></table> 8140718 61 0.55 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118920Member_dU_zQIezWyZ6lTl" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118920Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_znAtzeTDt2p8" style="box-sizing: border-box; text-align-last: auto">12.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98A_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118920Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zte5JZqJEJJg" style="box-sizing: border-box; text-align-last: auto">85.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118920Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zsvmuIfJEGCb" style="box-sizing: border-box; text-align-last: auto">2.6%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjntync.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.123 0.851 0.026 Hennessy Technology Fund Institutional Class HTCIX This <span id="xdx_902_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000118921Member_zGGMS2Cfxq6l">semi-annual shareholder report</span> contains important information about the Hennessy Technology Fund – Institutional Class (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_905_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000118921Member_z7cPUAq8SV2">www.hennessyfunds.com/funds/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_90B_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000118921Member_ziccyLeQFjob">1-800-966-4354</span> or <span id="xdx_90D_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000118921Member_z6wtqVktcWR">fundsinfo@hennessyfunds.com</span>. www.hennessyfunds.com/funds/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000118921Member_dD_zks79ULtebv7" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Class Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Institutional Class</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98C_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000118921Member_ziF4pg5UqV49" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$49</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_987_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000118921Member_fKg_____zcax5XNsacnh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.98%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F07_zcWfCLTdkuU9" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F12_z9SXslS09uS3" style="text-align: justify">Annualized.</td></tr></table> 49 0.0098 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000118921Member_dD_zs4Qr96ydDJk" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98E_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000118921Member_zEgf6NyEACRc" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$8,140,718</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000118921Member_zIAeHsxiTA1f" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">61</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_982_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000118921Member_fKg_____zHk7OjWllJjh" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">55%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F0C_z9yjRVIRL8w1" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F18_zIsR7KeLVob5" style="text-align: justify">Not annualized.</td></tr></table> 8140718 61 0.55 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000118921Member_dU_z63HEOTQY0Ic" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118921Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zZQFdGkGt4Rc" style="box-sizing: border-box; text-align-last: auto">12.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118921Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zrS30dcxhm1d" style="box-sizing: border-box; text-align-last: auto">85.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000118921Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zdwKUqvgkXvg" style="box-sizing: border-box; text-align-last: auto">2.6%</div></td></tr> </table></div></div><img alt="bar" src="qesr1dnut1mqjntync.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.123 0.851 0.026 Hennessy Sustainable ETF STNC NASDAQ This <span id="xdx_904_eoef--ShareholderReportAnnualOrSemiAnnual_c20251101__20260430__oef--ClassAxis__custom--C000239897Member_ztboVf3An9Nk">semi-annual shareholder report</span> contains important information about the Hennessy Sustainable ETF (the “Fund”) for the period of November 1, 2025, to April 30, 2026. semi-annual shareholder report You can find additional information about the Fund at <span id="xdx_901_eoef--AddlInfoWebsite_c20251101__20260430__oef--ClassAxis__custom--C000239897Member_zIgQtDhgPg6i">https://www.hennessyetfs.com/etfs/regulatory-documents</span>. You can also request this information by contacting us at <span id="xdx_90C_eoef--AddlInfoPhoneNumber_c20251101__20260430__oef--ClassAxis__custom--C000239897Member_z0eXLgfuQr3">1-800-966-4354</span> or <span id="xdx_902_eoef--AddlInfoEmail_c20251101__20260430__oef--ClassAxis__custom--C000239897Member_zvbcrwqqhSo3">fundsinfo@hennessyfunds.com</span>. https://www.hennessyetfs.com/etfs/regulatory-documents 1-800-966-4354 fundsinfo@hennessyfunds.com <p id="xdx_800_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000239897Member_dD_zSFSElPypvYa" style="font: bold 11pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 18px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">What were the Fund costs for the last six months?</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Name</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 8pt Gotham Narrow-Bold,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #005f4b; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Costs paid as a percentage of a $10,000 investment*</span></div></th></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"><span id="xdx_905_eoef--ClassName_c20251101__20260430__oef--ClassAxis__custom--C000239897Member_zGYgXrwO4Cqa">Hennessy Sustainable ETF</span></span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_982_eoef--ExpensesPaidAmt_c20251101__20260430__oef--ClassAxis__custom--C000239897Member_zeBREqSiAJUb" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$44</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_982_eoef--ExpenseRatioPct_dp_c20251101__20260430__oef--ClassAxis__custom--C000239897Member_fKg_____zI5P9BkCeG13" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">0.85%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F06_znUQYKTHbxfb" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F12_zhpBrnJV9Sw2" style="text-align: justify">Annualized.</td></tr></table> Hennessy Sustainable ETF 44 0.0085 <p id="xdx_806_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000239897Member_dD_zMfmIhJY2iNi" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: normal 9pt/normal Gotham Narrow-Light,Arial,Arial; margin: 0 0 6pt; text-align-last: auto; display: block; min-height: 14px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0"><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">(as of </span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">April 30, 2026</span><span style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; color: #006a55">)</span></p> <div style="box-sizing: border-box; text-align-last: auto; margin-bottom: 1pt"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse"> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Fund Net Assets</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98E_eus-gaap--AssetsNet_iI_c20260430__oef--ClassAxis__custom--C000239897Member_zhpAZADujJz3" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">$91,623,140</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Number of Portfolio Holdings</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98D_eoef--HoldingsCount_iI_uHoldings_c20260430__oef--ClassAxis__custom--C000239897Member_z8a9ttxMZzXd" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">48</span></div></td></tr> <tr style="box-sizing: border-box; height: auto"> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">Annual Portfolio Turnover*</span></div></td> <td style="border-bottom: #006a55 1pt solid; box-sizing: border-box"> <div id="xdx_98B_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20251101__20260430__oef--ClassAxis__custom--C000239897Member_fKg_____zN15v9o5CSf" style="font: normal 9pt Gotham Narrow-Light,Arial,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #006a55; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px">138%</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/normal Gotham Narrow-Light,Arial,Arial; color: #006a55; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"><td id="xdx_F07_zm0gaGNHfFkk" style="width: 15pt; text-align: right">*</td><td style="width: 5pt"></td><td id="xdx_F1D_zem2MMk4cMU1" style="text-align: justify">Not annualized.</td></tr></table> 91623140 48 1.38 <p id="xdx_808_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000239897Member_dU_z8EUffE27od6" style="font: bold 13pt/normal Gotham Narrow-Bold,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; display: block; min-height: 20px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0">Sector Breakdown (% of net assets)</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">sector breakdown</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">(%)</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Communication Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__oef--CommunicationsSectorMember_zWRFqI1SSXxg" style="box-sizing: border-box; text-align-last: auto">7.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Discretionary</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__oef--ConsumerDiscretionarySectorMember_z2r35cVT2C37" style="box-sizing: border-box; text-align-last: auto">17.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Consumer Staples</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__oef--ConsumerStaplesSectorMember_znFfnSEsfbrd" style="box-sizing: border-box; text-align-last: auto">8.5%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Financials</div></td> <td style="box-sizing: border-box"> <div id="xdx_986_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__us-gaap--FinancialServicesSectorMember_zJBXrCsMdYi4" style="box-sizing: border-box; text-align-last: auto">6.3%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zIUcvJPfRKU8" style="box-sizing: border-box; text-align-last: auto">13.7%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_z7x7NJrv3tVk" style="box-sizing: border-box; text-align-last: auto">14.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Information Technology</div></td> <td style="box-sizing: border-box"> <div id="xdx_98D_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__oef--InformationTechnologySectorMember_zTzGwj2fZi0a" style="box-sizing: border-box; text-align-last: auto">19.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Materials</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__oef--MaterialsSectorMember_z8PFdphJGzvd" style="box-sizing: border-box; text-align-last: auto">4.1%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Real Estate</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__us-gaap--RealEstateSectorMember_zirV8wmrFta3" style="box-sizing: border-box; text-align-last: auto">2.9%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_983_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zvRKBzQmGT61" style="box-sizing: border-box; text-align-last: auto">4.8%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto">Short-Term Investments and Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260430__oef--ClassAxis__custom--C000239897Member__oef--IndustrySectorAxis__custom--ShortTermInvestmentsAndOtherMember_zmYtmBGEz8P" style="box-sizing: border-box; text-align-last: auto">0.2%</div></td></tr> </table></div></div><img alt="bar" src="qes2y14n1mqjnrmr7.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div> <div style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; box-sizing: border-box; text-align-last: auto; color: #006a55; text-align: left; text-indent: 0"> <p style="font: normal 8pt Gotham Narrow-Light,Arial,Arial; margin: 0 0 4pt; text-align-last: auto; min-height: 13px; align-content: center; box-sizing: border-box; color: #006a55; text-align: left; text-indent: 0; display: block">Sector sub-classifications may differ from those utilized for compliance purposes.</p></div> 0.078 0.171 0.085 0.063 0.137 0.148 0.198 0.041 0.029 0.048 0.002 Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized. Annualized. Not annualized.