Hennessy Sustainable ETF
Ticker
STNC
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  • Overview

    STNC

    Hennessy Sustainable ETF

    Actively managed, the Fund seeks to achieve long-term capital appreciation.

    Ticker

    STNC

    Documents

    Daily NAV
    as of 2/5/26

    $35.01

    Daily NAV % Change

    -0.46%

    Daily Price
    as of 2/5/26

    $34.99

    Daily Price % Change

    -0.45%
    Read the Press Release
    Read the Press Release

    Why Invest?

    • Actively managed ETF strategy that combines sustainability and Machine Learning/Artificial Intelligence (ML/AI) in a tax-efficient ETF structure
    • Exposure to companies that score well on sustainability metrics and that the Portfolio Managers believe will outperform based on ML/AI models
    • Strategy leverages optimization in an attempt to reduce portfolio level tail risk and mitigate downside losses

    Investment Approach

    The Fund is an actively managed exchange-traded fund (“ETF”) that will invest, under normal circumstances, at least 80% of the value of its net assets (plus the amount of any borrowings for investment purposes) in exchange-traded equity securities of U.S. large-capitalization issuers that meet sustainability standards, as determined and in the sole discretion of Stance Capital, LLC. The Fund currently considers companies within the Russell 1000® Index and S&P 500® Index to be large capitalization issuers.

    In identifying investments for the Fund, the Portfolio Managers utilize three independent processes.

    First, the Portfolio Managers apply a rules-based methodology to the universe of large-capitalization companies and identify companies that successfully manage, in the view and sole discretion of the Portfolio Managers sustainability-related key performance indicators (“KPIs”) such as energy productivity, carbon intensity, water dependence, and waste profile as well as KPIs relating to governance, including capacity to innovate, unfunded pension fund liabilities, chief executive officer/average worker pay, safety performance, employee turnover, leadership diversity, percentage tax paid, and percent of bonus linked to sustainability performance. Companies that have engaged exclusively or primarily in weapons, tobacco, or thermal coal, may be excluded from consideration.

    Second, the Portfolio Managers apply a machine-learning model that uses financial, risk, and other factors to identify companies that, in the view and sole discretion of the Portfolio Managers, are most likely to outperform both in absolute returns and in risk-adjusted returns over the next quarter.

    Finally, the Portfolio Managers optimize the portfolio in an attempt to minimize tail risk and maximize diversification.

    Key Facts

    as of 2/5/26
    Inception Date 3/15/21
    Ticker STNC
    Primary Exchange Nasdaq
    CUSIP 42588P 692
    Net Assets $93MM
    Premium/Discount -0.04%
    30-Day Median Bid/Ask Spread 0.31%

    Portfolio Managers

    • Bill Davis

      Bill Davis

      Portfolio Manager
      • 4
        Years on Fund
      • 16
        Years of Experience
    • Kyle Balkissoon

      Kyle Balkissoon

      Portfolio Manager
      • 4
        Years on Fund
      • 14
        Years of Experience

    The Fund is sub-advised by Stance Capital, LLC, an independent, employee-owned investment adviser headquartered in Boston, MA.

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  • Performance

    Daily NAV & Pricing

    as of 2/5/26

    • NAV

      $35.01

    • NAV % Change

      -0.46%

    • Price

      $34.99

    • Price % Change

      -0.45%

    Average Annualized Total Returns

    as of 1/31/26
    Name 1 Mo 3 Mo YTD 1 yr 3 yr 5 yr Since Inception (3/15/21)
    STNC - NAV 4.41% 6.55% 4.41% 11.22% 10.06% - 7.52%
    STNC - Market Price 4.28% 6.46% 4.28% 11.14% 10.10% - 7.51%
    S&P 500® Index 1.45% 1.76% 1.45% 16.35% 21.11% - 13.77%

    Please swipe to view table

    as of 12/31/25
    Name 1 Mo 3 Mo YTD 1 yr 3 yr 5 yr Since Inception (3/15/21)
    STNC - NAV 0.63% 2.28% 10.18% 10.18% 10.17% - 6.69%
    STNC - Market Price 0.67% 2.46% 10.33% 10.33% 10.24% - 6.71%
    S&P 500® Index 0.06% 2.66% 17.88% 17.88% 23.01% - 13.68%

    Please swipe to view table

    Calendar Year Total Returns

      2025 2024 2023 2022 2021
    STNC - NAV    		 10.18% 8.94% 11.40% -12.78% 17.00%
    S&P 500® Index    		 17.88% 25.02% 26.29% -18.11% 21.40%

    Annual Returns for 2021 are inception 3/15/21 through 12/31/22.

    Historical Premium/Discount Data

    Number of Days At: 2025 Q1 2026
    Premium 51 —
    NAV 39 —
    Discount 161 —

    Chart Description

    Shareholders may pay more than net asset value (“NAV”) when buying fund shares and receive less than NAV when selling fund shares, because shares are bought and sold at current market prices. The performance quoted represents past performance and does not guarantee future results. The NAV of the Fund’s shares is determined as of the close of regular trading on the NYSE (generally 4:00 p.m. Eastern time) each day the NYSE is open. Share are purchased and sold in secondary market transactions at negotiated market prices rather than at NAV. Shares of the Fund may be bought and sold throughout the day on the exchange through a brokerage account. However, shares are not individually redeemable, and may only be redeemed directly from the Fund by Authorized Participants in very large creation/redemption units. Shares may trade at, above or below NAV. Brokerage commissions will reduce returns.

    Returns-Based Statistics
    Relative to S&P 500® Index

    as of 12/31/25
    Type 3 yr
    Alpha -10.55
    Beta 0.97
    Upside Capture 70.94
    Downside Capture 128.58

    Alpha measures the fund’s excess return relative to the return of the benchmark. Beta measures the volatility of the fund compared to that of the benchmark. The beta of the benchmark is 1.00. Capture ratios measure the fund’s overall performance in up markets (positive return periods) and down markets (negative return periods).

    Sharpe Ratio

    as of 12/31/25
    Type 3 yr
    STNC 0.42
    S&P 500® Index 1.40
    Large Blend Category Average 1.17

    Sharpe Ratio is a measure of risk-adjusted return, reflecting the average return earned in excess of the risk-free rate per unit of volatility.

    Standard Deviation

    as of 12/31/25
    Type 3 yr
    STNC 13.53
    S&P 500® Index 11.95
    Large Blend Category Average 11.66

    Standard deviation is a statistical measure of the historical volatility of a mutual fund or portfolio.

    Fund Expenses

      • Gross expense ratio

        0.95%

      • Net expense ratio

        0.85%

    Effective May 12, 2025, the name of the Hennessy Stance ESG ETF was changed to the Hennessy Sustainable ETF.

    The performance quoted represents past performance and does not guarantee future results. Performance for periods greater than 1 year is annualized. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted.

    The Fund’s investment manager has contractually agreed to ensure that total operating expenses (excluding brokerage commissions, taxes, interest expense, acquired fund fees and expenses, and any extraordinary expenses) do not exceed 0.85% of the Fund’s average daily net assets. The contractual arrangement will continue until February 28, 2026.

  • Portfolio

    Portfolio Characteristics

    as of 12/31/25
    STNC
    Dividend Yield 0.97%
    30-Day SEC Yield: Subsidized 1.16%
    30-Day SEC Yield: Unsubsidized 1.06%
    Distribution Frequency Annually
    Active Share vs. the S&P 500® Index 91%
    Portfolio Turnover 284%
    Median Price/Earnings 15.32x
    Median Price/Book 2.47x
    Median Market Cap $42.3 Billion
    Portfolio Rebalance Quarterly
    Price/Earnings measures a stock’s price per share compared to earnings. Price/Book measures a stock’s price per share to book value. Portfolio Turnover and Price/Earnings shown reflect the trailing 12-month period.

    Impact Characteristics

    as of 12/31/25
    Tobacco Producer Exposure*
    Companies involved in the production of tobacco.     		100% less than primary benchmark**
    Guns and Ammunition Industry Exposure***
    Companies that produce or sell guns and ammunition.     		100% less than primary benchmark**
    Fossil Fuel Extraction Exposure****
    Companies operating or servicing fossil fuel extraction.     		100 % less than primary benchmark**
    Portfolio Impact Characteristics provide investors with specific non-traditional metrics. Alongside other metrics and information, these enable investors to evaluate funds on certain environmental, social, and governance characteristics. These characteristics do not provide an indication of current or future performance, nor do they represent the potential risk and reward profile of a fund. They are provided for transparency and for information purposes only. These characteristics should not be considered solely or in isolation, but instead are one type of information that investors may wish to consider when assessing a fund.

    Sector Weighting

    as of 12/31/25
    Consumer Discretionary 19.3%
    Financials 14.8%
    Health Care 15.4%
    Industrials 15.7%
    Information Technology 13.4%
    Consumer Staples 10.7%
    Materials 3.5%
    Real Estate 2.5%
    Utilities 3.0%
    Communication Services 1.6%
    Cash & Other 0.2%

    Portfolio Holdings

    Top 10 Holdings

    as of 2/9/26
    Name Ticker CUSIP Shares Market Value % of Net Assets
    Western Digital Corp WDC 958102105 13,802 $3,900,169.16 4.1%
    Jabil Inc JBL 466313103 12,694 $3,278,225.50 3.5%
    Texas Instruments Inc TXN 882508104 14,724 $3,260,482.56 3.4%
    Viatris Inc VTRS 92556V106 217,176 $3,166,426.08 3.3%
    Home Depot Inc/The HD 437076102 7,766 $2,991,074.90 3.2%
    Regions Financial Corp RF 7591EP100 98,862 $3,057,801.66 3.2%
    AT&T Inc T 00206R102 112,771 $3,059,477.23 3.2%
    Tyson Foods Inc TSN 902494103 45,783 $2,987,798.58 3.2%
    Newmont Corp NEM 651639106 26,237 $3,025,650.84 3.2%
    Charter Communications Inc CHTR 16119P108 13,273 $3,067,921.22 3.2%
    Total as % of Net Assets 33.5%

    Please swipe to view table

    Total Holdings: 43

    as of 2/9/26
    Name Ticker CUSIP Shares Market Value % of Net Assets
    Western Digital Corp WDC 958102105 13,802 $3,900,169.16 4.1%
    Jabil Inc JBL 466313103 12,694 $3,278,225.50 3.5%
    Texas Instruments Inc TXN 882508104 14,724 $3,260,482.56 3.4%
    Viatris Inc VTRS 92556V106 217,176 $3,166,426.08 3.3%
    Home Depot Inc/The HD 437076102 7,766 $2,991,074.90 3.2%
    Regions Financial Corp RF 7591EP100 98,862 $3,057,801.66 3.2%
    AT&T Inc T 00206R102 112,771 $3,059,477.23 3.2%
    Tyson Foods Inc TSN 902494103 45,783 $2,987,798.58 3.2%
    Newmont Corp NEM 651639106 26,237 $3,025,650.84 3.2%
    Charter Communications Inc CHTR 16119P108 13,273 $3,067,921.22 3.2%
    Bristol-Myers Squibb Co BMY 110122108 49,434 $3,064,413.66 3.2%
    Carnival Corp CCL 143658300 86,247 $2,931,535.53 3.1%
    AutoZone Inc AZO 053332102 792 $2,915,557.92 3.1%
    Cencora Inc COR 03073E105 7,979 $2,866,455.75 3.0%
    W R Berkley Corp WRB 084423102 40,637 $2,861,251.17 3.0%
    TJX Cos Inc/The TJX 872540109 18,357 $2,861,122.02 3.0%
    Otis Worldwide Corp OTIS 68902V107 31,218 $2,804,937.30 3.0%
    Advanced Micro Devices Inc AMD 007903107 13,245 $2,760,787.80 2.9%
    Ross Stores Inc ROST 778296103 14,178 $2,704,311.72 2.9%
    Xylem Inc/NY XYL 98419M100 19,621 $2,788,536.52 2.9%
    Zoetis Inc ZTS 98978V103 21,676 $2,761,955.92 2.9%
    Mastercard Inc MA 57636Q104 4,775 $2,620,233.50 2.8%
    Archer-Daniels-Midland Co ADM 039483102 40,539 $2,688,951.87 2.8%
    Ford Motor Co F 345370860 191,498 $2,642,672.40 2.8%
    Kimberly-Clark Corp KMB 494368103 24,603 $2,566,830.99 2.7%
    Automatic Data Processing Inc ADP 053015103 10,662 $2,466,760.32 2.6%
    HP Inc HPQ 40434L105 125,148 $2,459,158.20 2.6%
    eBay Inc EBAY 278642103 28,181 $2,439,065.55 2.6%
    Ventas Inc VTR 92276F100 28,973 $2,391,721.15 2.5%
    Autodesk Inc ADSK 052769106 9,328 $2,242,451.20 2.4%
    GE Vernova Inc GEV 36828A101 2,428 $1,892,261.80 2.0%
    Molson Coors Beverage Co TAP 60871R209 33,733 $1,746,020.08 1.8%
    Edison International EIX 281020107 24,858 $1,591,160.58 1.7%
    General Motors Co GM 37045V100 16,731 $1,409,419.44 1.5%
    Smurfit Westrock PLC SW G8267P108 12,469 $550,381.66 0.6%
    Las Vegas Sands Corp LVS 517834107 8,265 $475,237.50 0.5%
    Dow Inc DOW 260557103 14,589 $463,638.42 0.5%
    Trane Technologies PLC TT G8994E103 977 $444,300.52 0.5%
    Exelon Corp EXC 30161N101 8,372 $371,130.76 0.4%
    Dollar Tree Inc DLTR 256746108 1,902 $235,524.66 0.3%
    First American Government Obligations Fund 12/01/2031 FGXXX 31846V336 65,639 $65,639.14 0.1%
    SYCAMORE PARTNERS LLC -RIGHT BBG01SQXBKP2 BBG01SQXBKP2 167,900
    Cash & Other - - 25,688 $25,687.95
    Total as % of Net Assets 100.2%

    Please swipe to view table

    ** Data powered by YourStake Click here for methodology PDF

    * Companies that produce cigarettes or tobacco products as classified by SEC

    *** Companies involved in the manufacture or sales of weapons as classified by NGO Watchdog

    **** Companies operating or serving in fossil fuel extraction as classified by NGO Watchdog

  • Distributions

    Ex Date Record Date Pay Date Ordinary Income Short-term Capital Gain Long-term Capital Gain Total
    12/12/25 12/12/2025 12/15/2025 $0.336872710 - - $0.336872710
    12/13/24 12/13/2024 12/16/2024 $0.291993710 - - $0.291993710
    12/14/23 12/15/2023 12/18/2023 $0.023149270 - - $0.023149270
    12/14/22 12/15/2022 12/16/2022 $0.146420130 - - $0.146420130
    12/15/21 12/16/2021 12/17/2021 $0.097360300 - $0.023770000 $0.121130300

  • Fund Documents

    Hennessy Sustainable ETF Documents




    Currently, paper copies of the annual and semi-annual reports are not sent by mail unless shareholders specifically request paper copies. You may elect to receive paper copies free of charge by contacting your financial intermediary.

    **Please note the upcoming change to shareholder report delivery.**

    Shareholder reports are now sent by mail unless a shareholder has elected or elects to receive reports electronically via e-delivery. To sign up for e-delivery, contact your financial intermediary.

  • Invest with Hennessy

    Our newest offering, Hennessy Sustainable ETF, is available online through brokerages and investment houses.

    Hennessy Team Hennessy Team Hennessy Team
Contact Us
Hennessy Funds
7250 Redwood Boulevard, Suite 200
 Novato, CA 94945
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The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 1-800-966-4354.

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted and can be found here.

Neither forward earnings nor earnings growth is a measure of a fund’s future performance.

ETFs are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a premium or discount to its net asset value, an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact an ETF's ability to sell its shares. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Brokerage commissions will reduce returns.

Investing involves risk, including possible loss of principal. Gains or losses on a single stock may have a greater impact on the Fund. For these and other reasons, there is no guarantee the Fund will achieve its stated objective. The Fund seeks to pursue its investment objective by using proprietary models that incorporate quantitative analysis. There is no guarantee that the Portfolio Managers’ use of these models will result in effective investment decisions for the Fund. From time to time, the Fund may concentrate its investments in one or more industry sectors. The Fund is currently substantially invested in the Health Care, Financials and Consumer Discretionary sectors and its performance is therefore tied closely to, and affected by, developments in these industries. The Fund invests in small-sized and medium-sized companies, which may have more limited liquidity and greater price volatility than larger, more established companies. Smaller companies may have limited product lines, markets, and financial resources, and their management may be dependent on fewer key individuals.

Sustainability Investing Risk: (STNC) The risk that applying sustainable investment analysis to the Portfolio Managers’ investment decisions regarding the Fund’s portfolio may forgo certain investment opportunities otherwise available to the Fund. The Fund intends to invest in companies with measurably high sustainability ratings relative to their sector peers, and screen out particular companies that do not meet its sustainability criteria. The Fund believes that these sustainability factors are material to its assessment of the risk-return profiles of companies in which it invests. The relevance and weighting of sustainability criteria may vary significantly among issuers and third-party data providers. Sustainability is a subjective assessment and it is not uniformly defined. Sustainability data may be incomplete, delayed, inaccurate, or unavailable, which could lead to an incorrect assessment of a company’s sustainability characteristics. The Fund’s returns may be lower than other funds that do not seek to invest in companies based on sustainability ratings or screen out certain companies or industries. The Fund seeks to identify companies that it believes may have higher sustainability ratings, but investors may differ in their views of sustainability characteristics. As a result, the Fund may invest in companies that do not reflect the beliefs and values of any particular investor. Regulatory changes regarding the definition or use of sustainability criteria could have a material adverse effect on the Fund’s ability to invest in accordance with its sustainability strategy.

For additional risks of investing in the fund, please see the prospectus.

Diversification does not eliminate the risk of experiencing investment loss.

Distribution Rate reflects the investment income per share during the last 12 months divided by the share price at the end of the period, expressed as an annual percentage rate. It is calculated by annualizing the Fund’s most recent distribution. The annualized dividend yield may not reflect the actual yield an investor would receive. 30-Day SEC Yield is a standardized yield computed by dividing the net investment income per share earned during the past 30-day period by the share price at the end of the period, expressed as an annual percentage rate. The 30-Day SEC Yield should be regarded as an estimate of the Fund’s rate of recent investment income, and it may not equal the Fund’s actual distribution rate. Past yields are no guarantee of future yields.

Glossary of Terms contains definitions and additional information.

Opinions expressed are subject to change at any time, are not guaranteed, and should not be considered investment advice.

The Hennessy Funds are offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Hennessy Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Quasar Distributors, LLC, Distributor.

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