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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.
Investor
HEIFXInstitutional
HEIIXMorningstar style box
Overall morningstar rating
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Institutional
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HEIIX
Among 638 Allocation--50% to 70% Equity Funds (Based on risk-adjusted returns, as of 9/30/20)
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 60% large-cap, value-oriented stocks and 40% 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 12/2/20-
Investor Class (HEIFX)
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NAV
$16.20
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$ Change
$0.01
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% Change
0.06%
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YTD
8.03%
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Institutional Class (HEIIX)
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NAV
$15.23
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$ Change
$0.01
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% Change
0.07%
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YTD
8.31%
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Average Annualized Total Return
as of 10/31/20Name 1 Mo YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97) Investor Class (HEIFX) -1.63% 0.82% 3.74% 5.17% 5.81% 7.52% 6.66% Institutional Class (HEIIX) -1.59% 1.13% 4.16% 5.57% 6.22% 7.87% 6.89% Blended Balanced Index -1.68% 4.54% 8.74% 8.37% 8.59% 9.08% 6.97% S&P 500® Index -2.66% 2.77% 9.71% 10.42% 11.71% 13.01% 7.96% as of 9/30/20Name QTR YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97) Investor Class (HEIFX) 6.80% 2.49% 6.61% 5.98% 7.07% 7.91% 6.76% Institutional Class (HEIIX) 6.91% 2.77% 7.00% 6.39% 7.48% 8.27% 6.99% Blended Balanced Index 5.63% 6.33% 12.21% 9.49% 10.03% 9.53% 7.07% S&P 500® Index 8.93% 5.57% 15.15% 12.28% 14.15% 13.74% 8.12% Hypothetical Growth of $10,000
as of 10/31/2020Value of $10,000 invested between 10/31/2019 and 10/31/2020
Equity and Income Fund (HEIFX) $10,374 Equity and Income Fund (HEIIX) $10,416 Blended Balanced Index $10,874 S&P 500® Index $10,971 Value of $10,000 invested between 10/31/2017 and 10/31/2020
Equity and Income Fund (HEIFX) $11,631 Equity and Income Fund (HEIIX) $11,766 Blended Balanced Index $12,728 S&P 500® Index $13,464 Value of $10,000 invested between 10/31/2015 and 10/31/2020
Equity and Income Fund (HEIFX) $13,262 Equity and Income Fund (HEIIX) $13,524 Blended Balanced Index $15,098 S&P 500® Index $17,397 Value of $10,000 invested between 10/31/2010 and 10/31/2020
Equity and Income Fund (HEIFX) $20,646 Equity and Income Fund (HEIIX) $21,339 Blended Balanced Index $23,842 S&P 500® Index $33,987 Value of $10,000 invested between 6/3/1997 and 10/31/2020
Equity and Income Fund (HEIFX) $45,282 Equity and Income Fund (HEIIX) $47,598 Blended Balanced Index $48,391 S&P 500® Index $60,103 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
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Investor Class (HEIFX) 11.34 10.61 8.82 15.03 11.26 -2.62 5.73 13.51 -4.33 15.99 Institutional Class (HEIIX) 11.53 10.84 9.06 15.40 11.58 -2.25 6.19 13.88 -3.98 16.50 Blended Balanced Index 11.84 3.86 11.16 18.10 9.43 1.49 8.06 13.59 -2.01 21.30 S&P 500® Index 15.06 2.11 16.00 32.39 13.69 1.38 11.96 21.83 -4.38 31.49 Year Investor Class (HEIFX) Institutional Class (HEIIX) Blended Balanced Index S&P 500® Index 2009 18.43% 18.76% 18.11% 26.46% 2008 -20.91% -20.73% -22.08% -37.00% 2007 8.98% 9.33% 6.39% 5.49% 2006 15.63% 15.87% 11.01% 15.79% 2005 5.39% 5.58% 3.65% 4.91% 2004 13.77% 13.99% 7.76% 10.88% 2003 26.08% 26.48% 18.56% 28.68% 2002 -14.63% -14.83% -9.96% -22.10% 2001 2.46% 2.50% -3.53% -11.89% 2000 11.18% 11.18% -1.53% -9.10% 1999 6.67% 6.67% 12.54% 21.04% 1998 -0.38% -0.38% 20.87% 28.58% Yield
as of 10/31/20Investor Class (HEIFX) Institutional Class (HEIIX) Distribution Rate 0.81% 1.30% 30-Day SEC Yield 0.42% 0.83% Distribution Frequency Quarterly Quarterly Returns-Based Statistics
Relative to S&P 500® Indexas of 9/30/20Investor Class (HEIFX)Type 3 yr 5 yr 10 yr Alpha -2.39 -2.13 -0.31 Beta 0.62 0.62 0.58 Upside Capture 57.69 57.71 57.50 Downside Capture 63.64 65.07 56.87 Institutional Class (HEIIX)Type 3 yr 5 yr 10 yr Alpha -2.00 -1.75 0.02 Beta 0.62 0.62 0.58 Upside Capture 58.60 58.81 58.43 Downside Capture 63.09 64.39 56.03 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 9/30/20Type 3 yr 5 yr 10 yr Investor Class (HEIFX) 0.43 0.64 0.91 Institutional Class (HEIIX) 0.46 0.68 0.95 S&P 500® Index 0.65 0.89 1.00 Allocation--50% to 70% Equity Category Average 0.38 0.64 0.75 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 9/30/20Type 3 yr 5 yr 10 yr Investor Class (HEIFX) 11.31 9.51 8.06 Institutional Class (HEIIX) 11.29 9.50 8.05 S&P 500® Index 17.74 14.88 13.25 Allocation--50% to 70% Equity Category Average 11.43 9.59 8.74 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
1.55%
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Institutional Class (HEIIX)
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Gross expense ratio
1.18%
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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.
Morningstar Proprietary Ratings reflect risk-adjusted performance as of 9/30/20. The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Institutional Class (HEIIX) received 3 stars for the three-year, 3 stars for the five-year and 4 stars for the ten-year periods ended 9/30/20 / among 638, 581 and 414 Allocation--50% to 70% Equity Funds, respectively. Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in distribution percentage.
Each Morningstar category average represents a universe of funds with similar objectives. The Morningstar Style Box reveals the fund's investment style as of 9/30/20. 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 Blended Balanced Index consists of 60% common stocks represented by the S&P 500® Index and 40% bonds represented by the Bloomberg Barclays Capital 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 Barclays U.S. Intermediate Gov/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.
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 9/30/20Allocation % of Net Assets Equities 61.10% Fixed Income 32.90% Cash & Other 6.00% Portfolio Characteristics
as of 9/30/20Inception Date (HEIFX) 9/24/01 Inception Date (HEIIX) 6/3/97 Total Fund Assets $117 Million Portfolio Turnover 23% Median Market Cap $79.1 Billion Median Price/Earnings 22.6x Median Price/Book 3.8x Effective Maturity 4.9 years Effective Duration 4.1 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 9/30/20Fund Information Technology 12.9% Financials 10.1% Consumer Discretionary 9.6% Communication Services 6.6% Materials 5.5% Industrials 5.1% Consumer Staples 4.5% Health Care 4.4% Real Estate 2.3% Portfolio Holdings
Top 10 Holdings
as of 9/30/20Top 10 Equity Holdings % of Net Assets Apple, Inc. 4.4% Berkshire Hathaway, Inc. (Class B) 4.1% Alphabet, Inc. (Class C) 3.2% FedEx Corp. 2.8% Visa, Inc. 2.7% The Home Depot, Inc. 2.6% Nestle SA 2.5% Air Products & Chemicals, Inc. 2.4% Texas Instruments, Inc. 2.4% Norfolk Southern Corp. 2.3% Total as % of Net Assets 29.3% Total Equity Holdings: 28
Total Fixed-Income Holdings: 56as of 9/30/20Equity Holdings % of Net Assets Apple, Inc. 4.4% Berkshire Hathaway, Inc. (Class B) 4.1% Alphabet, Inc. (Class C) 3.2% FedEx Corp. 2.8% Visa, Inc. 2.7% The Home Depot, Inc. 2.6% Nestle SA 2.5% Air Products & Chemicals, Inc. 2.4% Texas Instruments, Inc. 2.4% Norfolk Southern Corp. 2.3% STORE Capital Corp. 2.3% O'Reilly Automotive, Inc. 2.3% CarMax, Inc. 2.2% Verizon Communications, Inc. 2.1% Altria Group, Inc. 2.1% BlackRock, Inc. 2.0% Citrix Systems, Inc. 2.0% Progressive Corp. 2.0% The Charles Schwab Corp. 2.0% Johnson & Johnson 1.9% Martin Marietta Materials, Inc. 1.9% Pfizer, Inc. 1.4% Cisco Systems, Inc. 1.4% Dollar Tree, Inc. 1.3% Lowe's Companies, Inc. 1.3% NewMarket Corp. 1.3% Fox Corp. 1.3% Bristol Myers Squibb 1.1% Total as % of Net Assets 61.1% Fixed Income Holdings % of Net Assets U.S. Treasury Note/Bond - 1 7/8% (7/31/26) 1.7% Fannie Mae Pool - AU4405 1.6% Raymond James Financial, Inc. - 3 5/8% (9/15/26) 1.5% U.S. Treasury Note/Bond - 2 3/4% (2/15/24) 1.5% Freddie Mac Gold Pool - Q11129 1.2% Diamond Finco 1/Finco 2 - 5.45% (6/15/23) 1.1% Synovus Financial - 3.125% (11/01/22) 1.1% U.S. Treasury Note/Bond - 0 5/8% (3/31/27) 1.1% Freddie Mac Gold Pool - G61281 1.0% U.S. Treasury Note/Bond - 4 1/4% (3/1/27) 1.0% General Motors - 3.7% (5/9/23) 1.0% Bristol-Meyers Squibb - 3 5/8% (5/15/24) 0.9% Alibaba Group - 3.6% (11/28/24) 0.9% Canadian Natural Resources, Ltd. - 3.9% (2/1/25) 0.9% AngloGold Ashanti Holdings PLC - 5 1/8% (8/1/22) 0.9% U.S. Treasury Note/Bond - 1 3/4% (5/15/23) 0.9% Discover Financial Services - 5.2% (4/27/22) 0.8% Huntington Bancshares - 4% (5/15/25) 0.8% Edwards Lifesciences - 4.3% (6/15/28) 0.7% Paypal - 2.85% (10/01/29) 0.7% Willis Tower Watson - 3.6% (5/15/24) 0.7% Raymond James Financial, Inc. - 5 5/8% (4/1/24) 0.7% Husky Energy - 4% (04/15/24) 0.7% Goldcorp, Inc. - 3 5/8% (6/9/21) 0.7% Cigna Corporation - 3 1/2% (6/15/24) 0.6% U.S. Treasury Note/Bond - 0 5/8% (8/15/30) 0.6% Autodesk - 2.85% (01/15/30) 0.6% Synchrony Financial - 3.95% (12/01/27) 0.6% Freddie Mac Gold Pool - Q08238 0.6% U.S. Treasury Note/Bond - 3 1/8% (11/15/28) 0.5% Huntington Bancshares - 2.55% (02/04/30) 0.5% AT&T - 3% (10/31/25) 0.4% Prudential Financial - 3.878% (03/27/28) 0.4% Fannie Mae Pool - AJ3232 0.4% Ovintiv - 3.9% (11/15/21) 0.3% General Electric Co. - 3 5/8% (5/1/30) 0.3% Fannie Mae Pool - MA0918 0.3% Fannie Mae Pool - AB4300 0.3% Corning, Inc. - 6.85% (3/1/29) 0.3% Synchrony Financial - 3 3/4% (8/15/21) 0.3% Aflac - 3.6% (04/01/30) 0.3% Comerica - 2 1/2% (7/23/24) 0.2% Starbux - 4.45% (08/15/49) 0.2% Freddie Mac REMICS - 4322 DJ 0.2% Ginnie Mae - 2013-24 BD 0.2% Fannie Mae Pool - 928831 0.1% Freddie Mac REMICS - 4016 NL 0.1% Freddie Mac REMICS - 3928 HC 0.1% Fannie Mae REMICS - 2013-52 MD 0.1% Fannie Mae REMICS - 2012-16 Y 0.1% Fannie Mae REMICS - 2012-22 PA 0.1% Freddie Mac REMICS - 4309 JD 0.1% Freddie Mac Gold Pool - G02922 0.1% Fannie Mae REMICS - 2010-134 DJ 0.0% Freddie Mac REMICS - 3870 NH 0.0% Freddie Mac REMICS - 4146 ML 0.0% Total as % of Net Assets 32.9% Preferred Holdings % of Net Assets Morgan Stanley - 6 3/8% 0.1% CHS, Inc. - 7 1/2% 0.1% State Street Corp. - 5.9% 0.1% Huntington Bancshares, Inc. - 6 1/4% 0.1% Enbridge, Inc. - 6 3/8% 0.1% Synchrony Financial - 5.625% 0.1% Royal Bank of Scotland - 0% (06/21/13) 0.1% First Citizens 5 3/8% 0.1% Capital One Financial Corp. - 5.0% 0.1% Regions Financial Corp. - 6 3/8% 0.1% Arch Capital Group - 5.45% 0.1% Capital One - 4.8% 0.1% TCF Financial Corp. - 5.25% 0.1% JPMorgan Chase & Co. - 4.75% 0.1% AT&T - 4.75% 0.1% Wells Fargo & Co. - 4.75% 0.1% KeyCorp - 6 1/8% 0.1% Wells Fargo & Co. - 6 5/8% 0.1% Fifth Third - 4.95% 0.1% TCF Financial Corp. - 4.75% 0.1% American International Group - 5.85% 0.1% Hartford Financial - 6% 0.1% Monmouth Real Estate Investment Corp. - 6.125% 0.1% MetLife - 4.75% 0.1% U.S. Bancorp - 3.5% 0.1% CitiGroup. - 7.125% 0.1% Bank of America Corp - 6% 0.1% Vornado Realty Trust - 5 1/4% 0.1% SVB Financial Group - 5.25% 0.1% Equitable Holdings - 5.25% 0.1% Allstate - 5.1% 0.1% Chimera Investment Corp. - 8% 0.1% Annaly Capital Management - 6.95% 0.1% Citizens Financial Group - 6.35% 0.1% U.S. Bancorp - 6 1/2% 0.1% Goldman Sachs Group, Inc. - 6 3/8% 0.1% Goldman Sachs Group, Inc. - 5.5% 0.1% First Horizon - 6 5/8% 0.0% Regions Financial Corp. - 5.7% 0.0% Kimco Realty Corp. - 5 1/4% 0.0% Axis Capital Holdings - 5.50% 0.0% Fifth Third Bancorp - 6 5/8% 0.0% Citigroup - 6.875% 0.0% Bank of America - 5 3/8% 0.0% Synovus - 5.875% 0.0% Federal Agricultural Mortgage - 5 1/4% 0.0% Legg Mason, Inc. - 5.45% 0.0% Aegon NV - 5.1% 0.0% Synovus - 6.25% 0.0% TCF Financial Corp. - 5.7% 0.0% Agilent Technologies. Inc. - 5% (7/15/20) 0.0% First Horizon - 6.1% 0.0% BancorpSouth Bank - 5.5% 0.0% Ford - 6% 0.0% Chimera Investment Corp. - 8% 0.0% First Republic Bank - 4.7% 0.0% Morgan Stanley - 5.85% 0.0% CHS, Inc. - 6 3/4% 0.0% Total as % of Net Assets 3.3% Cash & Other Holdings % of Net Assets Cash & Other 2.7% Total as % of Net Assets 2.7% Country Allocation
as of 9/30/20-
United States
88.0%
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International
5.9%
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Cash & Other
6.0%
United States 88.0% Switzerland 2.5% Canada 1.6% Isle of Man 0.9% Cayman Islands 0.9% Cash & Other 6.0% Quality Distribution
as of 9/30/20Aaa/AAA 40.8% Aa/AA 0.0% A 7.9% Baa/BBB 39.7% Below Baa/BBB 1.1% N/A 6.4% Non-rated 4.1% -
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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 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 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 $12.55 09/30/2005 $0.10200 -- -- $0.10200 $12.68 06/30/2005 $0.10900 -- -- $0.10900 $12.27 03/31/2005 $0.08100 -- -- $0.08100 $12.19 12/31/2004 $0.11600 -- -- $0.11600 $12.27 09/30/2004 $0.10200 -- -- $0.10200 $11.72 06/30/2004 $0.11400 -- -- $0.11400 $11.59 03/31/2004 $0.11500 -- -- $0.11500 $11.37 12/31/2003 $0.11800 -- -- $0.11800 $11.18 09/30/2003 $0.10900 -- -- $0.10900 $10.44 06/30/2003 $0.10400 -- -- $0.10400 $10.27 03/31/2003 $0.07300 -- -- $0.07300 $9.14 12/31/2002 $0.07200 -- -- $0.07200 $9.19 09/25/2002 $0.08000 -- -- $0.08000 $8.79 06/26/2002 $0.08000 -- -- $0.08000 -- Past performance is not a guarantee of future results.
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