Hennessy Advisors to Acquire STF Management ETFs, Welcome Jonathan Molchan as Portfolio Manager

Hennessy Advisors, Inc. is acquiring STF Management ETFs, including the STF Tactical Growth ETF and the STF Tactical Growth & Income ETF, with combined assets of approximately $220 million. The transaction is expected to close in Q3 2025 and will involve reorganizing the ETFs as a series of Hennessy Funds Trust. Jonathan Molchan, an experienced portfolio manager with 20 years of industry experience, will continue to manage the portfolios on a day-to-day basis.

Hennessy Advisors, Inc., a leading investment management firm with a commitment to putting shareholders first [1], is set to expand its offerings with the acquisition of STF Management ETFs, including the STF Tactical Growth ETF (TUG) and the STF Tactical Growth & Income ETF (TUGN) [2]. With combined assets of approximately $220 million [3], this transaction is expected to close in Q3 2025, reorganizing the ETFs as a series of Hennessy Funds Trust.

The strategic acquisition of STF Management ETFs reflects Hennessy Advisors' ongoing efforts to enhance its product line and cater to diverse investor needs. TUG and TUGN, which were launched in May 2022 [3], have garnered attention for their tactical growth and income strategies.

Jonathan Molchan, an experienced portfolio manager with 20 years of industry experience, will continue to manage the portfolios on a day-to-day basis [3]. Molchan's expertise in tactical asset allocation and market timing positions him well to lead these funds, ensuring a seamless transition for investors.

Hennessy Advisors' strong track record in the investment industry is evident in its consistently high-performing funds. The Hennessy Cornerstone Mid Cap 30 Fund (HIMDX) and Hennessy Cornerstone Growth Fund (HICGX) rank among the top 1% in their respective Morningstar categories based on total return over the past 1, 3, 5, and 10 years [2].

The acquisition of STF Management ETFs is expected to further bolster Hennessy Advisors' growth and enhance its competitive position in the investment management industry.

References:

[1] Hennessy Advisors. (n.d.). Corporate Profile. Retrieved from https://www.hennessyadvisors.com/
[2] Hennessy Funds. (n.d.). Hennessy Cornerstone Mid Cap 30 Fund (HIMDX) and Hennessy Cornerstone Growth Fund (HICGX). Retrieved from https://www.hennessyfunds.com/
[3] PR Newswire. (2022, May 24). New ETF Issuer, STF Management, Launches First Two ETFs on the Nasdaq Exchange. Retrieved from https://www.prnewswire.com/news-releases/new-etf-issuer-stf-management-launches-first-two-etfs-on-the-nasdaq-exchange-301553827.html