• Overview

    Category
    Multi-Asset

    Hennessy Equity and Income Fund

    Actively managed and conservative by design, the Fund maintains a balanced portfolio of both equities and fixed-income securities.

    Investor

    HEIFX

    Institutional

    HEIIX

    Morningstar style box

    Morningstar style box
    Investment Overview Video
    Investment Overview Video

    Why Invest

    • A balanced portfolio of high-quality equity and fixed-income securities
    • Access to institutionally-oriented portfolio management teams 
    • Focus on participating in equity market upside while dampening downside risk 

    Investment Approach

    The Hennessy Equity and Income Fund's portfolio consists of up to 70% large-cap, value-oriented stocks and the remainder in high-quality fixed-income securities. The Portfolio Managers take a long-term perspective and maintain a primary focus on downside protection.

    The Equity Portfolio Management Team employs a research-driven approach, utilizing a proprietary Balance Sheet Optimization model. They run a focused, high-conviction portfolio, and maintain low turnover by selecting stocks with the following characteristics:

    - High return on capital

    - Consistent free cash flow generation

    - Earnings yield

    - Attractive and conservative valuations

    The Fixed Income Portfolio Management Team utilizes a rigorous, bottom-up selection process built upon continuous analysis. They believe that duration management is critical to buffering interest rate sensitivity and that sector allocation is an important factor in performance results. They seek to include fixed income securities with the following characteristics:

    - Low duration, intermediate-term

    - Primarily Treasuries, agencies, and high-quality corporate obligations

    - Average Credit Quality – A by Moody’s

    - Select non-investment grade obligations to enhance yield

    Portfolio Managers

    The Fund is sub-advised by The London Company (equity allocation) and FCI Advisors (fixed income allocation).

    The London Company, located in Richmond, VA, is a registered investment advisor providing equity portfolio management services to a diverse mix of corporations, trusts, foundations, endowments, pensions, banks, individuals, and mutual fund accounts since 1994.

    FCI Advisors, located in Kansas City, MO, is an independently owned investment adviser and has been providing investment advisory services since 1966.

    “We believe markets are much less efficient at assessing risk than reward.”

    - Steve Goddard

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  • Insights & News

  • Performance

    Daily Pricing & Performance

    as of 1/25/22
    • Investor Class (HEIFX)
      • NAV

        $15.94

      • $ Change

        -$0.11

      • % Change

        -0.69%

      • YTD

        -5.18%

    • Institutional Class (HEIIX)
      • NAV

        $14.98

      • $ Change

        -$0.10

      • % Change

        -0.66%

      • YTD

        -5.13%

    Average Annualized Total Return

    as of 12/31/21
    Name 1 Mo YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97)
    Investor Class (HEIFX) 4.59% 16.71% 16.71% 13.84% 9.88% 8.67% 7.35%
    Institutional Class (HEIIX) 4.66% 17.13% 17.13% 14.27% 10.29% 9.05% 7.58%
    60/40 Blended Balanced Index 2.64% 15.91% 15.91% 17.12% 12.33% 10.91% 7.66%
    70/30 Blended Balanced Index 3.10% 19.01% 19.01% 19.36% 13.88% 12.33% 8.11%
    S&P 500® Index 4.48% 28.71% 28.71% 26.07% 18.47% 16.55% 9.31%

    Please swipe to view table

    as of 12/31/21
    Name QTR YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97)
    Investor Class (HEIFX) 7.92% 16.71% 16.71% 13.84% 9.88% 8.67% 7.35%
    Institutional Class (HEIIX) 8.01% 17.13% 17.13% 14.27% 10.29% 9.05% 7.58%
    60/40 Blended Balanced Index 6.33% 15.91% 15.91% 17.12% 12.33% 10.91% 7.66%
    70/30 Blended Balanced Index 7.50% 19.01% 19.01% 19.36% 13.88% 12.33% 8.11%
    S&P 500® Index 11.03% 28.71% 28.71% 26.07% 18.47% 16.55% 9.31%

    Please swipe to view table

    Hypothetical Growth of $10,000

    as of 12/31/2021

    Value of $10,000 invested between 12/31/2020 and 12/31/2021

    Equity and Income Fund (HEIFX) $11,671
    Equity and Income Fund (HEIIX) $11,713
    60/40 Blended Balanced Index $11,591
    70/30 Blended Balanced Index $11,901
    S&P 500® Index $12,871

    Value of $10,000 invested between 12/31/2018 and 12/31/2021

    Equity and Income Fund (HEIFX) $14,751
    Equity and Income Fund (HEIIX) $14,921
    60/40 Blended Balanced Index $16,067
    70/30 Blended Balanced Index $17,004
    S&P 500® Index $20,037

    Value of $10,000 invested between 12/31/2016 and 12/31/2021

    Equity and Income Fund (HEIFX) $16,019
    Equity and Income Fund (HEIIX) $16,315
    60/40 Blended Balanced Index $17,883
    70/30 Blended Balanced Index $19,151
    S&P 500® Index $23,341

    Value of $10,000 invested between 12/31/2011 and 12/31/2021

    Equity and Income Fund (HEIFX) $22,971
    Equity and Income Fund (HEIIX) $23,783
    60/40 Blended Balanced Index $28,173
    70/30 Blended Balanced Index $31,982
    S&P 500® Index $46,258

    Value of $10,000 invested between 6/3/1997 and 12/31/2021

    Equity and Income Fund (HEIFX) $57,120
    Equity and Income Fund (HEIIX) $60,282
    60/40 Blended Balanced Index $61,317
    70/30 Blended Balanced Index $67,847
    S&P 500® Index $89,124

    This data illustrates the performance of a hypothetical $10,000 investment made in the Fund for the period noted, and it assumes reinvestment of dividends and capital gains. This chart does not imply future performance.

    Calendar Year Total Returns

      2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
    Investor Class (HEIFX)
    8.82 15.03 11.26 -2.62 5.73 13.51 -4.33 15.99 8.97 16.71
    Institutional Class (HEIIX)
    9.06 15.40 11.58 -2.25 6.19 13.88 -3.98 16.50 9.35 17.13
    60/40 Blended Balanced Index
    11.16 18.10 9.43 1.49 8.06 13.59 -2.01 21.30 14.28 15.91
    70/30 Blended Balanced Index
    12.37 21.54 10.49 1.49 9.04 15.61 -2.57 23.81 15.40 19.01
    S&P 500® Index
    16.00 32.39 13.69 1.38 11.96 21.83 -4.38 31.49 18.40 28.71
    Year
    Investor Class (HEIFX)
    Institutional Class (HEIIX)
    60/40 Blended Balanced Index
    70/30 Blended Balanced Index
    S&P 500® Index
    2011 10.61% 10.84% 3.86% 3.46% 2.11%
    2010 11.34% 11.53% 11.84% 12.70% 15.06%
    2009 18.43% 18.76% 18.11% 20.22% 26.46%
    2008 -20.91% -20.73% -22.08% -26.03% -37.00%
    2007 8.98% 9.33% 6.39% 6.19% 5.49%
    2006 15.63% 15.87% 11.01% 12.19% 15.79%
    2005 5.39% 5.58% 3.65% 3.98% 4.91%
    2004 13.77% 13.99% 7.76% 8.54% 10.88%
    2003 26.08% 26.48% 18.56% 21.05% 28.68%
    2002 -14.63% -14.83% -9.96% -13.08% -22.10%
    2001 2.46% 2.50% -3.53% -5.62% -11.89%
    2000 11.18% 11.18% -1.53% -3.44% -9.10%
    1999 6.67% 6.67% 12.54% 14.63% 21.04%
    1998 -0.38% -0.38% 20.87% 22.85% 28.58%

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    Yield

    as of 12/31/21
    Investor Class (HEIFX) Institutional Class (HEIIX)
    Distribution Rate 0.38% 0.71%
    30-Day SEC Yield 0.10% 0.53%
    Distribution Frequency Quarterly Quarterly

    Please swipe to view table

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

    as of 12/31/21
    Investor Class (HEIFX)
    Type 3 yr 5 yr 10 yr
    Alpha -2.65 -1.94 -1.44
    Beta 0.64 0.63 0.61
    Upside Capture 60.05 59.12 57.39
    Downside Capture 68.51 65.09 63.00
    Institutional Class (HEIIX)
    Type 3 yr 5 yr 10 yr
    Alpha -2.25 -1.57 -1.09
    Beta 0.64 0.63 0.61
    Upside Capture 60.80 60.09 58.37
    Downside Capture 67.82 64.52 62.17

    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 12/31/21
    Type 3 yr 5 yr 10 yr
    Investor Class (HEIFX) 1.11 0.88 0.97
    Institutional Class (HEIIX) 1.14 0.92 1.02
    S&P 500® Index 1.38 1.11 1.19
    Allocation--50% to 70% Equity Category Average 1.17 0.89 0.96

    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 12/31/21
    Type 3 yr 5 yr 10 yr
    Investor Class (HEIFX) 11.54 9.97 8.27
    Institutional Class (HEIIX) 11.53 9.97 8.27
    S&P 500® Index 17.41 15.39 13.08
    Allocation--50% to 70% Equity Category Average 11.63 10.05 8.58

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

    Fund Expenses

    • Investor Class (HEIFX)
      • Gross expense ratio

        1.56%

    • Institutional Class (HEIIX)
      • Gross expense ratio

        1.19%

    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.

    Each Morningstar category average represents a universe of funds with similar objectives. The Morningstar Style Box reveals the fund's investment style as of 12/31/21. The vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend, or growth). ©Morningstar, Inc. All Rights Reserved. Past performance is no guarantee of future results.

    The performance shown for the Investor Class / HEIFX for periods prior to 9/24/01 represents the performance of Institutional Class shares of the Fund and includes expenses that are not applicable to and are lower than those of Investor Class shares.

    The performance shown for periods prior to 10/26/12 is that of the predecessor FBR Fund.

    The 60/40 Blended Balanced Index and the 70/30 Blended Balanced Index comprise a mix of common stocks and bonds, with 60% or 70%, respectively, common stocks represented by the S&P 500® Index and 40% or 30%, respectively, bonds represented by the Bloomberg Intermediate U.S. Government/Credit Index.

    The S&P 500® Index is an unmanaged index commonly used to measure the performance of U.S. stocks. The Bloomberg Intermediate U.S. Government/Credit Index is an unmanaged index commonly used to measure the performance of intermediate-term U.S. bonds. One cannot invest directly in an index.

    Standard & Poor’s Financial Services is the source and owner of the S&P® and S&P 500® trademarks.

    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.

    Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

    Credit Quality Bond Ratings typically range from AAA/Aaa (highest) to D (lowest). The credit ratings shown are based on each portfolio security’s rating as generally provided by Moody’s. If a Moody’s rating is not available, then the rating is provided by Standard and Poor’s (“S&P”), a Nationally Recognized Statistical Rating Organization (“NRSRO”). The credit quality of the investments in the Fund’s portfolio does not apply to the stability or safety of the Fund.

  • Portfolio

    Portfolio Allocation

    as of 12/31/21
    Allocation % of Net Assets
    Equities 68.30%
    Fixed Income 26.40%
    Cash & Other 5.30%

    Portfolio Characteristics

    as of 12/31/21
    Inception Date (HEIFX) 9/24/01
    Inception Date (HEIIX) 6/3/97
    Total Fund Assets $121 Million
    Portfolio Turnover 25%
    Median Market Cap $149.5 Billion
    Median Price/Earnings 24.5x
    Median Price/Book 4.8x
    Effective Maturity 4.5 years
    Effective Duration 3.9 years

    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.

    Equity Sector Weighting

    as of 12/31/21
    Fund
    Information Technology 13.0%
    Financials 11.3%
    Consumer Discretionary 9.4%
    Communication Services 8.9%
    Consumer Staples 7.0%
    Industrials 6.7%
    Materials 6.2%
    Health Care 3.6%
    Real Estate 2.3%

    Portfolio Holdings

    Top 10 Holdings

    as of 12/31/21
    Top 10 Equity Holdings Ticker % of Net Assets
    Berkshire Hathaway, Inc. (Class B) BRK/B 4.6%
    Apple, Inc. AAPL 4.5%
    Alphabet, Inc. (Class C) GOOG 4.3%
    Meta Platforms Inc FB 3.2%
    The Home Depot, Inc. HD 3.0%
    The Charles Schwab Corp. SCHW 3.0%
    Martin Marietta Materials, Inc. MLM 2.8%
    O'Reilly Automotive, Inc. ORLY 2.8%
    Altria Group, Inc. MO 2.6%
    Norfolk Southern Corp. NSC 2.6%
    Total as % of Net Assets 33.3%

    Please swipe to view table

    Total Equity Holdings: 28
    Total Fixed-Income Holdings: 56

    as of 12/31/21
    Equity Holdings Ticker % of Net Assets
    Berkshire Hathaway, Inc. (Class B) BRK/B 4.6%
    Apple, Inc. AAPL 4.5%
    Alphabet, Inc. (Class C) GOOG 4.3%
    Meta Platforms Inc FB 3.2%
    The Home Depot, Inc. HD 3.0%
    The Charles Schwab Corp. SCHW 3.0%
    Martin Marietta Materials, Inc. MLM 2.8%
    O'Reilly Automotive, Inc. ORLY 2.8%
    Altria Group, Inc. MO 2.6%
    Norfolk Southern Corp. NSC 2.6%
    Texas Instruments, Inc. TXN 2.5%
    Visa, Inc. V 2.4%
    STORE Capital Corp. STOR 2.3%
    Nestle SA NSRGY 2.3%
    FedEx Corp. FDX 2.2%
    Church & Dwight Co., Inc. CHD 2.1%
    BlackRock, Inc. BLK 2.0%
    CarMax, Inc. KMX 2.0%
    Air Products & Chemicals, Inc. APD 1.9%
    Fiserv, Inc. FISV 1.8%
    Old Dominion Freight Line, Inc. ODFL 1.8%
    Pfizer, Inc. PFE 1.8%
    Cisco Systems, Inc. CSCO 1.8%
    Johnson & Johnson JNJ 1.7%
    Progressive Corp. PGR 1.7%
    Lowe's Companies, Inc. LOW 1.6%
    NewMarket Corp. NEU 1.5%
    Verizon Communications, Inc. VZ 1.4%
    Total as % of Net Assets 68.3%
    Fixed Income Holdings Ticker % of Net Assets
    Aflac - 3.6% (04/01/30) 001055BJ0 0.3%
    Alibaba Group - 3.6% (11/28/24) 01609WAQ5 0.9%
    U.S. Treasury Note/Bond - 4 1/4% (3/1/27) 00206RDQ2 0.9%
    Autodesk - 2.85% (01/15/30) 052769AG1 0.6%
    Bank of America Corp. - 2.299% (7/21/32) 06051GKA6 0.5%
    Broadcom 4.11% (09/15/28) 11135FAL5 0.4%
    Canadian Natural Resources, Ltd. - 3.9% (2/1/25) 136385AV3 0.9%
    Dell Technologies 5.45% (6/15/23) 24703TAA4 0.3%
    Discover Financial Services - 5.2% (4/27/22) 254709AG3 0.5%
    Edwards Lifesciences - 4.3% (6/15/28) 28176EAD0 0.7%
    Cigna Corporation - 3 1/2% (6/15/24) 30219GAK4 0.6%
    Freddie Mac Gold Pool - G02922 3128M4SK0 0.0%
    Freddie Mac Gold Pool - Q08238 3132GTPX9 0.4%
    Freddie Mac Gold Pool - Q11129 3132HMHE4 0.6%
    Freddie Mac REMICS - 3870 NH 3137ABXJ5 0.0%
    Freddie Mac REMICS - 4146 ML 3137AXGC1 0.0%
    Freddie Mac REMICS - 4309 JD 3137B7US6 0.0%
    Freddie Mac REMICS - 4322 DJ 3137B8MS3 0.1%
    Fifth Third Bank - 3.65% (1/25/24) 316773CX6 0.2%
    Fannie Mae REMICS - 2010-134 DJ 31398SMH3 0.0%
    Fannie Mae REMICS - 2012-16 Y 3136A4RW1 0.0%
    Fannie Mae REMICS - 2012-22 PA 3136A4AJ8 0.0%
    Fannie Mae REMICS - 2013-52 MD 3136AEJ24 0.0%
    Fannie Mae Pool - AU4405 3138X33P5 1.0%
    Fannie Mae Pool - AB4300 31417AX61 0.2%
    Fannie Mae Pool - 928831 31412L4Q0 0.1%
    General Electric Co. - 3 5/8% (5/1/30) 369604BW2 0.3%
    General Motors - 3.7% (5/9/23) 37045XBK1 0.9%
    Ginnie Mae - 2013-24 BD 38378FM72 0.1%
    Huntington Bancshares - 2.55% (02/04/30) 446150AS3 0.4%
    Huntington Bancshares - 4% (5/15/25) 446150AM6 0.3%
    Intercontinental Exchange - 0.7% (6/15/23) 45866FAM6 0.1%
    Marsh & McLennan - 4.375 (3/15/29) 571748BG6 0.3%
    Morgan Stanley - 2.239% (7/21/32) 61747YED3 0.3%
    Morgan Stanley - 1.593% (5/4/27) 61772BAB9 0.2%
    Paypal - 2.85% (10/01/29) 70450YAE3 0.7%
    Prudential Financial - 3.878% (03/27/28) 74432QCC7 0.2%
    Regeneron Pharmaceuticals - 1 3/4% (9/15/30) 75886FAE7 0.3%
    Regions Financial, Inc. - 1.8% (8/12/28) 7591EPAT7 0.3%
    Synchrony Financial - 3.95% (12/01/27) 87165BAM5 0.6%
    Synovus Financial - 3.125% (11/01/22) 87161CAL9 1.1%
    U.S. Treasury Note/Bond - 1 1/2% (11/30/28) 91282CDL2 0.5%
    U.S. Treasury Note/Bond - 0.75% (4/30/26) 91282CBW0 1.2%
    U.S. Treasury Note/Bond - 1.25% (4/30/28) 91282CBZ3 0.4%
    U.S. Treasury Note/Bond - 1% (7/31/28) 91282CCR0 0.8%
    U.S. Treasury Note/Bond - 1 5/8% (5/15/31) 91282CCB5 0.3%
    U.S. Treasury Note/Bond - 0 1/4% (8/31/25) 91282CAJ0 1.0%
    U.S. Treasury Note/Bond - 1 3/8% (11/15/31) 91282CDJ7 0.3%
    U.S. Treasury Note/Bond - 0 1/2% (11/30/23) 91282CDM0 1.4%
    AT&T - 3% (10/31/25) 9128285J5 0.4%
    U.S. Treasury Note/Bond - 0 5/8% (3/31/27) 912828ZE3 1.0%
    U.S. Treasury Note/Bond - 0 1/8% (12/31/22) 91282CBD2 0.8%
    U.S. Treasury Note/Bond - 1 7/8% (7/31/26) 912828Y95 1.5%
    U.S. Treasury Note/Bond - 2 3/4% (2/15/24) 912828B66 0.5%
    Williams Company - 2.6% (3/15/31) 969457BY5 0.4%
    Willis Tower Watson - 3.6% (5/15/24) 970648AF8 0.7%
    Total as % of Net Assets 26.4%
    Preferred Holdings Ticker % of Net Assets
    Royal Bank of Scotland - 0% (06/21/13) 020002127 0.1%
    Allstate - 5.1% 020002838 0.0%
    American International Group - 5.85% 026874768 0.0%
    Annaly Capital Management - 6.75% 035710847 0.0%
    Bank of America Corp - 6% 060505229 0.0%
    Citigroup - 6.875% 172967341 0.0%
    CitiGroup. - 7.125% 172967358 0.0%
    Citizens Financial Group - 6.35% 174610204 0.0%
    Cullen Frost Bankers - 4.45% 229899307 0.0%
    Federal Agricultural Mortgage - 5 1/4% 313148843 0.0%
    Fifth Third Bancorp - 6 5/8% 316773605 0.0%
    Fifth Third - 4.95% 316773860 0.0%
    First Citizens 5 3/8% 319626305 0.0%
    First Horizon - 6 5/8% 320517501 0.0%
    First Horizon - 6.1% 320517808 0.0%
    Ford - 6% 345370837 0.0%
    Hartford Financial - 6% 416518603 0.0%
    Huntington Bancshares, Inc. - 4 1/2% 446150823 0.0%
    KeyCorp - 6 1/8% 493267702 0.0%
    Agilent Technologies. Inc. - 5% (7/15/20) 493267876 0.0%
    Monmouth Real Estate Investment Corp. - 6.125% 609720404 0.0%
    State Street Corp. - 5.9% 857477608 0.1%
    U.S. Bancorp - 3.5% 902973155 0.0%
    Washington Federal - 4 7/8% 938824307 0.0%
    Wells Fargo & Co. - 6 5/8% 949746465 0.0%
    Western Alliance - 4 1/4% 957638406 0.0%
    Equitable Holdings - 5.25% 29452E200 0.0%
    AT&T - 4.75% 00206R706 0.0%
    Aegon NV - 5.1% 00775V104 0.0%
    Arch Capital Group - 5.45% 03939A107 0.0%
    Arch Capital Group - 4.55% 03939A404 0.0%
    Axis Capital Holdings - 5.50% 05461T305 0.0%
    Bank of America - 5 3/8% 06053U601 0.0%
    Bank of America - 4 1/4% 06055H806 0.0%
    CHS, Inc. - 6 3/4% 12542R704 0.0%
    CHS, Inc. - 7 1/2% 12542R803 0.1%
    Cadence Bank - 5.5% 12740C202 0.0%
    Capital One - 4.8% 14040H782 0.1%
    Capital One Financial Corp. - 5.0% 14040H824 0.0%
    Chimera Investment Corp. - 8% 16934Q406 0.0%
    Chimera Investment Corp. - 7.75% 16934Q505 0.0%
    ConnectOne Bancorp - 5.25% 20786W503 0.0%
    Enbridge, Inc. - 6 3/8% 29250N477 0.0%
    First Republic Bank - 4.5% 33616C696 0.0%
    Goldman Sachs Group, Inc. - 5.5% 38145G308 0.0%
    Goldman Sachs Group, Inc. - 6 3/8% 38148B108 0.0%
    JPMorgan Chase & Co. - 4.625% 48128B549 0.0%
    JPMorgan Chase & Co. - 4.55% 48128B580 0.0%
    Kimco Realty Corp. - 5 1/4% 49446R711 0.0%
    MetLife - 4.75% 59156R850 0.0%
    Morgan Stanley - 6 3/8% 61761J406 0.1%
    Morgan Stanley - 5.85% 61762V606 0.0%
    Regions Financial Corp. - 5.7% 7591EP704 0.0%
    Regions Financial Corp. - 4.45% 7591EP886 0.0%
    SVB Financial Group - 5.25% 78486Q200 0.0%
    Synovus - 6.25% 87161C600 0.0%
    Synovus - 5.875% 87161C709 0.0%
    Synchrony Financial - 5.625% 87165B202 0.0%
    Texas Capital Bankshares - 5.75% 88224Q305 0.0%
    TCF Financial Corp. - 4.75% 89832Q695 0.0%
    TCF Financial Corp. - 5.25% 89832Q745 0.0%
    Wells Fargo & Co. - 4.75% 94988U151 0.0%
    Total as % of Net Assets 1.9%
    Cash & Other Holdings % of Net Assets
    Cash & Other 3.4%
    Total as % of Net Assets 3.4%

    Please swipe to view table

    Country Allocation

    as of 12/31/21
    • United States

      90.7%

    • International

      4.1%

    • Cash & Other

      5.3%

    United States 90.7%
    Switzerland 2.3%
    Cayman Islands 0.9%
    Canada 0.9%
    Cash & Other 5.3%

    Quality Distribution

    as of 12/31/21
    Aaa/AAA 49.3%
    Aa/AA 0.0%
    A 11.6%
    Baa/BBB 30.7%
    Below Baa/BBB 0.0%
    N/A 6.1%
    Non-rated 2.2%
  • Distributions

    The Hennessy Equity and Income Fund pays capital gains (if any) once annually, usually in December. Ordinary income distributions are paid quarterly, at the end of March, June, September, and December.

    Date Paid Income Short-Term Gain Long-Term Gain Total Per Share Reinvest Price
    12/29/2021 $0.01625 -- -- $0.01625 $16.83
    12/07/2021 -- $0.00524 $1.10487 $1.11011 $16.51
    09/30/2021 $0.01669 -- -- $0.01669 $16.64
    06/30/2021 $0.01873 -- -- $0.01873 $16.91
    03/31/2021 $0.03313 -- -- $0.03313 $16.30
    12/29/2020 $0.02721 -- -- $0.02721 $15.37
    12/08/2020 -- -- $0.86006 $0.86006 $15.40
    09/30/2020 $0.03077 -- -- $0.03077 $15.37
    06/30/2020 $0.04042 -- -- $0.04042 $14.42
    03/31/2020 $0.05230 -- -- $0.05230 $12.84
    12/27/2019 $0.03530 -- -- $0.03530 $15.15
    12/06/2019 -- -- $0.99889 $0.99889 $15.01
    09/30/2019 $0.03879 -- -- $0.03879 $15.55
    06/28/2019 $0.04382 -- -- $0.04382 $15.36
    03/29/2019 $0.05402 -- -- $0.05402 $15.10
    12/27/2018 $0.03034 -- -- $0.03034 $13.98
    12/07/2018 -- $0.00988 $1.12438 $1.13426 $14.39
    09/28/2018 $0.03365 -- -- $0.03365 $16.52
    06/29/2018 $0.03238 -- -- $0.03238 $15.72
    03/29/2018 $0.04376 -- -- $0.04376 $15.74
    12/27/2017 $0.02788 -- -- $0.02788 $16.04
    12/07/2017 -- -- $0.83721 $0.83721 $15.87
    09/29/2017 $0.02783 -- -- $0.02783 $16.13
    06/30/2017 $0.02750 -- -- $0.02750 $15.69
    03/31/2017 $0.03479 -- -- $0.03479 $15.42
    12/28/2016 $0.03026 -- -- $0.03026 $14.97
    12/07/2016 -- -- $1.33654 $1.33654 $15.05
    09/30/2016 $0.02778 -- -- $0.02778 $15.87
    06/30/2016 $0.03392 -- -- $0.03392 $15.85
    03/31/2016 $0.03288 -- -- $0.03288 $15.59
    12/29/2015 $0.03720 -- -- $0.03720 $15.67
    12/09/2015 -- -- $0.38708 $0.38708 $15.64
    09/30/2015 $0.03017 -- -- $0.03017 $15.47
    06/30/2015 $0.03304 -- -- $0.03304 $16.34
    03/31/2015 $0.03383 -- -- $0.03383 $16.51
    12/31/2014 $0.03361 -- -- $0.03361 $16.48
    12/08/2014 -- $0.00476 $0.63992 $0.64468 $16.46
    09/30/2014 $0.03877 -- -- $0.03877 $16.39
    06/30/2014 $0.03886 -- -- $0.03886 $16.37
    03/31/2014 $0.04441 -- -- $0.04441 $15.82
    12/31/2013 $0.03803 -- -- $0.03803 $15.54
    12/10/2013 -- -- $0.49682 $0.49682 $15.41
    09/30/2013 $0.05030 -- -- $0.05030 $15.27
    06/28/2013 $0.04402 -- -- $0.04402 $15.03
    03/28/2013 $0.02552 -- -- $0.02552 $14.95
    12/31/2012 $0.10560 -- -- $0.10560 $14.09
    09/28/2012 $0.04241 -- -- $0.04241 $14.04
    06/29/2012 $0.04351 -- -- $0.04351 $13.91
    03/30/2012 $0.04654 -- -- $0.04654 $13.83
    12/30/2011 $0.06327 -- -- $0.06327 $13.17
    09/30/2011 $0.05228 -- -- $0.05228 $12.21
    06/30/2011 $0.07319 -- -- $0.07319 $12.81
    03/31/2011 $0.07897 -- -- $0.07897 $12.56
    12/31/2010 $0.06906 -- -- $0.06906 $12.16
    09/30/2010 $0.08956 -- -- $0.08956 $11.69
    06/30/2010 $0.07191 -- -- $0.07191 $10.87
    03/10/2010 $0.14560 -- -- $0.14560 $11.40
    09/29/2009 $0.07930 -- -- $0.07930 $10.73
    06/29/2009 $0.06720 -- -- $0.06720 $9.76
    03/30/2009 $0.05550 -- -- $0.05550 $8.85
    12/30/2008 $0.05180 -- -- $0.05180 $9.66
    09/29/2008 $0.08250 -- -- $0.08250 $11.04
    06/27/2008 $0.08660 $0.09590 $0.07110 $0.25360 $11.53
    03/28/2008 $0.07230 -- -- $0.07230 $12.25
    12/19/2007 $0.10130 $0.29740 $2.04260 $2.44130 $12.76
    09/28/2007 $0.10750 -- -- $0.10750 $15.21
    06/29/2007 $0.08930 $0.04010 $0.19180 $0.32120 $15.01
    03/30/2007 $0.08650 -- -- $0.08650 $14.48
    12/29/2006 $0.08300 -- $0.16240 $0.24540 $14.49
    09/29/2006 $0.08300 -- -- $0.08300 $14.01
    06/30/2006 $0.08000 -- -- $0.08000 $13.70
    03/31/2006 $0.07900 -- -- $0.07900 $13.48
    12/30/2005 $0.09400 -- -- $0.09400 $12.97
    09/30/2005 $0.09300 -- -- $0.09300 $13.10
    06/30/2005 $0.09800 -- -- $0.09800 $12.66
    03/31/2005 $0.06900 -- -- $0.06900 $12.58
    12/31/2004 $0.10200 -- -- $0.10200 $12.65
    09/30/2004 $0.08800 -- -- $0.08800 $12.07
    06/30/2004 $0.09200 -- -- $0.09200 $11.94
    03/31/2004 $0.09500 -- -- $0.09500 $11.69
    12/31/2003 $0.08900 -- -- $0.08900 $11.47
    09/30/2003 $0.08200 -- -- $0.08200 $10.69
    06/30/2003 $0.05200 -- -- $0.05200 $10.49
    03/31/2003 $0.06600 -- -- $0.06600 $9.30
    12/31/2002 $0.06500 -- -- $0.06500 $9.35
    09/25/2002 $0.07000 -- -- $0.07000 $8.94
    06/26/2002 $0.06000 -- -- $0.06000 $10.09
    03/27/2002 $0.06000 -- -- $0.06000 $11.43
    12/28/2001 $0.05940 -- -- $0.05940 $11.38
    09/26/2001 $0.00640 -- -- $0.00640 $9.92

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    Past performance is not a guarantee of future results.

    Download historical distributions and NAVs
    Date Paid Income Short-Term Gain Long-Term Gain Total Per Share Reinvest Price
    12/29/2021 $0.02836 -- -- $0.02836 $15.81
    12/07/2021 -- $0.00491 $1.03848 $1.04339 $15.52
    09/30/2021 $0.03181 -- -- $0.03181 $15.63
    06/30/2021 $0.03416 -- -- $0.03416 $15.89
    03/31/2021 $0.04948 -- -- $0.04948 $15.31
    12/29/2020 $0.04229 -- -- $0.04229 $14.44
    12/08/2020 -- -- $0.80897 $0.80897 $14.49
    09/30/2020 $0.04659 -- -- $0.04659 $14.45
    06/30/2020 $0.05269 -- -- $0.05269 $13.56
    03/31/2020 $0.06728 -- -- $0.06728 $12.08
    12/27/2019 $0.05265 -- -- $0.05265 $14.26
    12/06/2019 -- -- $0.94088 $0.94088 $14.14
    09/30/2019 $0.05369 -- -- $0.05369 $14.64
    06/28/2019 $0.05820 -- -- $0.05820 $14.46
    03/29/2019 $0.06936 -- -- $0.06936 $14.23
    12/27/2018 $0.05691 -- -- $0.05691 $13.17
    12/07/2018 -- $0.00932 $1.06068 $1.07000 $13.58
    09/28/2018 $0.04981 -- -- $0.04981 $15.58
    06/29/2018 $0.04913 -- -- $0.04913 $14.83
    03/29/2018 $0.06070 -- -- $0.06070 $14.85
    12/27/2017 $0.04459 -- -- $0.04459 $15.14
    12/07/2017 -- -- $0.79119 $0.79119 $14.99
    09/29/2017 $0.04408 -- -- $0.04408 $15.23
    06/30/2017 $0.04284 -- -- $0.04284 $14.82
    03/31/2017 $0.05044 -- -- $0.05044 $14.56
    12/28/2016 $0.04636 -- -- $0.04636 $14.14
    12/07/2016 -- -- $1.26622 $1.26622 $14.23
    09/30/2016 $0.04457 -- -- $0.04457 $15.00
    06/30/2016 $0.05140 -- -- $0.05140 $14.98
    03/31/2016 $0.04864 -- -- $0.04864 $14.75
    12/29/2015 $0.05209 -- -- $0.05209 $14.82
    12/09/2015 -- -- $0.36612 $0.36612 $14.81
    09/30/2015 $0.04894 -- -- $0.04894 $14.64
    06/30/2015 $0.04792 -- -- $0.04792 $15.46
    03/31/2015 $0.04696 -- -- $0.04696 $15.63
    12/31/2014 $0.04620 -- -- $0.04620 $15.60
    12/08/2014 -- $0.00451 $0.60674 $0.61125 $15.59
    09/30/2014 $0.05055 -- -- $0.05055 $15.52
    06/30/2014 $0.04906 -- -- $0.04906 $15.51
    03/31/2014 $0.05471 -- -- $0.05471 $14.99
    12/31/2013 $0.04919 -- -- $0.04919 $14.72
    12/10/2013 -- -- $0.49682 $0.49682 $14.61
    09/30/2013 $0.05905 -- -- $0.05905 $14.49
    06/28/2013 $0.05310 -- -- $0.05310 $14.26
    03/28/2013 $0.03576 -- -- $0.03576 $14.19
    12/31/2012 $0.13870 -- -- $0.13870 $13.37
    09/28/2012 $0.05218 -- -- $0.05218 $13.36
    06/29/2012 $0.04780 -- -- $0.04780 $13.24
    03/30/2012 $0.05319 -- -- $0.05319 $13.16
    12/30/2011 $0.07334 -- -- $0.07334 $12.53
    09/30/2011 $0.06200 -- -- $0.06200 $11.63
    06/30/2011 $0.08090 -- -- $0.08090 $12.20
    03/31/2011 $0.08649 -- -- $0.08649 $11.97
    12/31/2010 $0.07644 -- -- $0.07644 $11.59
    09/30/2010 $0.09675 -- -- $0.09675 $11.15
    06/30/2010 $0.07421 -- -- $0.07421 $10.38
    03/31/2010 $0.00897 -- -- $0.00897 $10.99
    03/10/2010 $0.15810 -- -- $0.15810 $10.88
    09/29/2009 $0.08540 -- -- $0.08540 $10.25
    06/29/2009 $0.07300 -- -- $0.07300 $9.32
    03/30/2009 $0.06120 -- -- $0.06120 $8.46
    12/30/2008 $0.05790 -- -- $0.05790 $9.23
    09/29/2008 $0.08940 -- -- $0.08940 $10.56
    06/27/2008 $0.09410 $0.09590 $0.07110 $0.26110 $11.03
    03/28/2008 $0.07920 -- -- $0.07920 $11.73
    12/19/2007 $0.11130 $0.29740 $2.04260 $2.45130 $12.21
    09/28/2007 $0.11740 -- -- $0.11740 $14.67
    06/29/2007 $0.09870 $0.04010 $0.19180 $0.33060 $14.49
    03/30/2007 $0.09630 -- -- $0.09630 $13.98
    12/29/2006 $0.09900 -- $0.16240 $0.26140 $13.99
    09/29/2006 $0.09400 -- -- $0.09400 $13.54
    06/30/2006 $0.08900 -- -- $0.08900 $13.25
    03/31/2006 $0.08600 -- -- $0.08600 $13.04
    12/30/2005 $0.10400 -- -- $0.10400 --

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    Past performance is not a guarantee of future results.

    Download historical distributions and NAVs
  • Fund Documents

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