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Overview
Hennessy Equity and Income Fund
Actively managed and conservative by design, the Fund maintains a balanced portfolio of both equities and fixed-income securities.
Investment Overview VideoEquity & Income Fund Investment Strategy
Portfolio Managers Mark DeVaul and Gary Cloud discuss the investment strategy of this 60% / 40% balanced fund. They discuss key selection criteria for both equity and fixed income securities.
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
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Performance
Daily Pricing & Performance
as of 1/25/22-
Investor Class (HEIFX)
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NAV
$15.94
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$ Change
-$0.11
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% Change
-0.69%
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YTD
-5.18%
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Institutional Class (HEIIX)
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NAV
$14.98
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$ Change
-$0.10
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% Change
-0.66%
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YTD
-5.13%
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Average Annualized Total Return
as of 12/31/21Name 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% as of 12/31/21Name 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% Hypothetical Growth of $10,000
as of 12/31/2021Value 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% Yield
as of 12/31/21Investor Class (HEIFX) Institutional Class (HEIIX) Distribution Rate 0.38% 0.71% 30-Day SEC Yield 0.10% 0.53% Distribution Frequency Quarterly Quarterly Returns-Based Statistics
Relative to S&P 500® Indexas of 12/31/21Investor 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 12/31/21Type 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 12/31/21Type 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
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Investor Class (HEIFX)
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Gross expense ratio
1.56%
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Institutional Class (HEIIX)
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Gross expense ratio
1.19%
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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.
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Portfolio
Portfolio Allocation
as of 12/31/21Allocation % of Net Assets Equities 68.30% Fixed Income 26.40% Cash & Other 5.30% Portfolio Characteristics
as of 12/31/21Inception 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 12/31/21Fund 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 12/31/21Top 10 Equity Holdings % of Net Assets Berkshire Hathaway, Inc. (Class B) 4.6% Apple, Inc. 4.5% Alphabet, Inc. (Class C) 4.3% Meta Platforms Inc 3.2% The Home Depot, Inc. 3.0% The Charles Schwab Corp. 3.0% Martin Marietta Materials, Inc. 2.8% O'Reilly Automotive, Inc. 2.8% Altria Group, Inc. 2.6% Norfolk Southern Corp. 2.6% Total as % of Net Assets 33.3% Total Equity Holdings: 28
Total Fixed-Income Holdings: 56as of 12/31/21Equity Holdings % of Net Assets Berkshire Hathaway, Inc. (Class B) 4.6% Apple, Inc. 4.5% Alphabet, Inc. (Class C) 4.3% Meta Platforms Inc 3.2% The Home Depot, Inc. 3.0% The Charles Schwab Corp. 3.0% Martin Marietta Materials, Inc. 2.8% O'Reilly Automotive, Inc. 2.8% Altria Group, Inc. 2.6% Norfolk Southern Corp. 2.6% Texas Instruments, Inc. 2.5% Visa, Inc. 2.4% STORE Capital Corp. 2.3% Nestle SA 2.3% FedEx Corp. 2.2% Church & Dwight Co., Inc. 2.1% BlackRock, Inc. 2.0% CarMax, Inc. 2.0% Air Products & Chemicals, Inc. 1.9% Fiserv, Inc. 1.8% Old Dominion Freight Line, Inc. 1.8% Pfizer, Inc. 1.8% Cisco Systems, Inc. 1.8% Johnson & Johnson 1.7% Progressive Corp. 1.7% Lowe's Companies, Inc. 1.6% NewMarket Corp. 1.5% Verizon Communications, Inc. 1.4% Total as % of Net Assets 68.3% Fixed Income Holdings % of Net Assets Aflac - 3.6% (04/01/30) 0.3% Alibaba Group - 3.6% (11/28/24) 0.9% U.S. Treasury Note/Bond - 4 1/4% (3/1/27) 0.9% Autodesk - 2.85% (01/15/30) 0.6% Bank of America Corp. - 2.299% (7/21/32) 0.5% Broadcom 4.11% (09/15/28) 0.4% Canadian Natural Resources, Ltd. - 3.9% (2/1/25) 0.9% Dell Technologies 5.45% (6/15/23) 0.3% Discover Financial Services - 5.2% (4/27/22) 0.5% Edwards Lifesciences - 4.3% (6/15/28) 0.7% Cigna Corporation - 3 1/2% (6/15/24) 0.6% Freddie Mac Gold Pool - G02922 0.0% Freddie Mac Gold Pool - Q08238 0.4% Freddie Mac Gold Pool - Q11129 0.6% Freddie Mac REMICS - 3870 NH 0.0% Freddie Mac REMICS - 4146 ML 0.0% Freddie Mac REMICS - 4309 JD 0.0% Freddie Mac REMICS - 4322 DJ 0.1% Fifth Third Bank - 3.65% (1/25/24) 0.2% Fannie Mae REMICS - 2010-134 DJ 0.0% Fannie Mae REMICS - 2012-16 Y 0.0% Fannie Mae REMICS - 2012-22 PA 0.0% Fannie Mae REMICS - 2013-52 MD 0.0% Fannie Mae Pool - AU4405 1.0% Fannie Mae Pool - AB4300 0.2% Fannie Mae Pool - 928831 0.1% General Electric Co. - 3 5/8% (5/1/30) 0.3% General Motors - 3.7% (5/9/23) 0.9% Ginnie Mae - 2013-24 BD 0.1% Huntington Bancshares - 2.55% (02/04/30) 0.4% Huntington Bancshares - 4% (5/15/25) 0.3% Intercontinental Exchange - 0.7% (6/15/23) 0.1% Marsh & McLennan - 4.375 (3/15/29) 0.3% Morgan Stanley - 2.239% (7/21/32) 0.3% Morgan Stanley - 1.593% (5/4/27) 0.2% Paypal - 2.85% (10/01/29) 0.7% Prudential Financial - 3.878% (03/27/28) 0.2% Regeneron Pharmaceuticals - 1 3/4% (9/15/30) 0.3% Regions Financial, Inc. - 1.8% (8/12/28) 0.3% Synchrony Financial - 3.95% (12/01/27) 0.6% Synovus Financial - 3.125% (11/01/22) 1.1% U.S. Treasury Note/Bond - 1 1/2% (11/30/28) 0.5% U.S. Treasury Note/Bond - 0.75% (4/30/26) 1.2% U.S. Treasury Note/Bond - 1.25% (4/30/28) 0.4% U.S. Treasury Note/Bond - 1% (7/31/28) 0.8% U.S. Treasury Note/Bond - 1 5/8% (5/15/31) 0.3% U.S. Treasury Note/Bond - 0 1/4% (8/31/25) 1.0% U.S. Treasury Note/Bond - 1 3/8% (11/15/31) 0.3% U.S. Treasury Note/Bond - 0 1/2% (11/30/23) 1.4% AT&T - 3% (10/31/25) 0.4% U.S. Treasury Note/Bond - 0 5/8% (3/31/27) 1.0% U.S. Treasury Note/Bond - 0 1/8% (12/31/22) 0.8% U.S. Treasury Note/Bond - 1 7/8% (7/31/26) 1.5% U.S. Treasury Note/Bond - 2 3/4% (2/15/24) 0.5% Williams Company - 2.6% (3/15/31) 0.4% Willis Tower Watson - 3.6% (5/15/24) 0.7% Total as % of Net Assets 26.4% Preferred Holdings % of Net Assets Royal Bank of Scotland - 0% (06/21/13) 0.1% Allstate - 5.1% 0.0% American International Group - 5.85% 0.0% Annaly Capital Management - 6.75% 0.0% Bank of America Corp - 6% 0.0% Citigroup - 6.875% 0.0% CitiGroup. - 7.125% 0.0% Citizens Financial Group - 6.35% 0.0% Cullen Frost Bankers - 4.45% 0.0% Federal Agricultural Mortgage - 5 1/4% 0.0% Fifth Third Bancorp - 6 5/8% 0.0% Fifth Third - 4.95% 0.0% First Citizens 5 3/8% 0.0% First Horizon - 6 5/8% 0.0% First Horizon - 6.1% 0.0% Ford - 6% 0.0% Hartford Financial - 6% 0.0% Huntington Bancshares, Inc. - 4 1/2% 0.0% KeyCorp - 6 1/8% 0.0% Agilent Technologies. Inc. - 5% (7/15/20) 0.0% Monmouth Real Estate Investment Corp. - 6.125% 0.0% State Street Corp. - 5.9% 0.1% U.S. Bancorp - 3.5% 0.0% Washington Federal - 4 7/8% 0.0% Wells Fargo & Co. - 6 5/8% 0.0% Western Alliance - 4 1/4% 0.0% Equitable Holdings - 5.25% 0.0% AT&T - 4.75% 0.0% Aegon NV - 5.1% 0.0% Arch Capital Group - 5.45% 0.0% Arch Capital Group - 4.55% 0.0% Axis Capital Holdings - 5.50% 0.0% Bank of America - 5 3/8% 0.0% Bank of America - 4 1/4% 0.0% CHS, Inc. - 6 3/4% 0.0% CHS, Inc. - 7 1/2% 0.1% Cadence Bank - 5.5% 0.0% Capital One - 4.8% 0.1% Capital One Financial Corp. - 5.0% 0.0% Chimera Investment Corp. - 8% 0.0% Chimera Investment Corp. - 7.75% 0.0% ConnectOne Bancorp - 5.25% 0.0% Enbridge, Inc. - 6 3/8% 0.0% First Republic Bank - 4.5% 0.0% Goldman Sachs Group, Inc. - 5.5% 0.0% Goldman Sachs Group, Inc. - 6 3/8% 0.0% JPMorgan Chase & Co. - 4.625% 0.0% JPMorgan Chase & Co. - 4.55% 0.0% Kimco Realty Corp. - 5 1/4% 0.0% MetLife - 4.75% 0.0% Morgan Stanley - 6 3/8% 0.1% Morgan Stanley - 5.85% 0.0% Regions Financial Corp. - 5.7% 0.0% Regions Financial Corp. - 4.45% 0.0% SVB Financial Group - 5.25% 0.0% Synovus - 6.25% 0.0% Synovus - 5.875% 0.0% Synchrony Financial - 5.625% 0.0% Texas Capital Bankshares - 5.75% 0.0% TCF Financial Corp. - 4.75% 0.0% TCF Financial Corp. - 5.25% 0.0% Wells Fargo & Co. - 4.75% 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% Country Allocation
as of 12/31/21-
United States
90.7%
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International
4.1%
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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 12/31/21Aaa/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% -
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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 Past performance is not a guarantee of future results.
Download historical distributions and NAVsDate 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 -- Past performance is not a guarantee of future results.
Download historical distributions and NAVs -
Fund Documents
Download PDF View Online Equity and Income Fund Documents Fact Sheet Portfolio Perspective View Summary Prospectus Full Prospectus Statement of Additional Information Equity and Income Fund Shareholder Reports and Quarterly Holdings Q1 Holdings Semi-Annual Report Q3 Holdings Annual Report Paper copies of the annual and semi-annual reports will no longer be sent by mail unless shareholders specifically request paper copies. You may elect to receive paper copies free of charge by calling U.S. Bank Global Fund Services at 1-800-261-6950 or, if you own shares through a financial intermediary, by contacting your financial intermediary.
