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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 11/29/23-
Investor Class (HEIFX)
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NAV
$14.89
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$ Change
$0.03
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% Change
0.20%
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YTD
6.76%
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Institutional Class (HEIIX)
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NAV
$13.98
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$ Change
$0.03
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% Change
0.22%
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YTD
7.22%
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Average Annualized Total Return
as of 10/31/23Name 1 Mo YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97) Investor Class (HEIFX) -2.49% 1.09% 3.67% 3.18% 4.32% 5.00% 6.26% Institutional Class (HEIIX) -2.51% 1.47% 3.99% 3.55% 4.70% 5.39% 6.51% S&P 500® Index -2.10% 10.69% 10.14% 10.36% 11.01% 11.18% 8.23% as of 9/30/23Name QTR YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97) Investor Class (HEIFX) -3.27% 3.67% 10.97% 3.49% 3.94% 5.61% 6.39% Institutional Class (HEIIX) -3.10% 4.08% 11.47% 3.88% 4.34% 6.00% 6.63% S&P 500® Index -3.27% 13.07% 21.62% 10.15% 9.92% 11.91% 8.35% Hypothetical Growth of $10,000
as of 10/31/2023Value of $10,000 invested between 10/31/2022 and 10/31/2023
Equity and Income Fund (HEIFX) $10,367 Equity and Income Fund (HEIIX) $10,399 S&P 500® Index $11,014 Value of $10,000 invested between 10/31/2020 and 10/31/2023
Equity and Income Fund (HEIFX) $10,986 Equity and Income Fund (HEIIX) $11,104 S&P 500® Index $13,441 Value of $10,000 invested between 10/31/2018 and 10/31/2023
Equity and Income Fund (HEIFX) $12,353 Equity and Income Fund (HEIIX) $12,579 S&P 500® Index $16,859 Value of $10,000 invested between 10/31/2013 and 10/31/2023
Equity and Income Fund (HEIFX) $16,296 Equity and Income Fund (HEIIX) $16,901 S&P 500® Index $28,847 Value of $10,000 invested between 6/3/1997 and 10/31/2023
Equity and Income Fund (HEIFX) $49,745 Equity and Income Fund (HEIIX) $52,854 S&P 500® Index $80,785 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
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Investor Class (HEIFX) 15.03 11.26 -2.62 5.73 13.51 -4.33 15.99 8.97 16.71 -13.85 Institutional Class (HEIIX) 15.40 11.58 -2.25 6.19 13.88 -3.98 16.50 9.35 17.13 -13.59 S&P 500® Index 32.39 13.69 1.38 11.96 21.83 -4.38 31.49 18.40 28.71 -18.11 Year Investor Class (HEIFX) Institutional Class (HEIIX) S&P 500® Index 2012 8.82% 9.06% 16.00% 2011 10.61% 10.84% 2.11% 2010 11.34% 11.53% 15.06% 2009 18.43% 18.76% 26.46% 2008 -20.91% -20.73% -37.00% 2007 8.98% 9.33% 5.49% 2006 15.63% 15.87% 15.79% 2005 5.39% 5.58% 4.91% 2004 13.77% 13.99% 10.88% 2003 26.08% 26.48% 28.68% 2002 -14.63% -14.83% -22.10% 2001 2.46% 2.50% -11.89% 2000 11.18% 11.18% -9.10% 1999 6.67% 6.67% 21.04% 1998 -0.38% -0.38% 28.58% Yield
as of 10/31/23Investor Class (HEIFX) Institutional Class (HEIIX) Dividend Yield 0.57% 1.05% 30-Day SEC Yield 1.44% 1.85% Distribution Frequency Quarterly Quarterly Returns-Based Statistics
Relative to S&P 500® Indexas of 9/30/23Investor Class (HEIFX)Type 3 yr 5 yr 10 yr Alpha -3.94 -3.25 -2.40 Beta 0.66 0.64 0.64 Upside Capture 60.30 59.64 59.01 Downside Capture 72.75 68.68 67.96 Institutional Class (HEIIX)Type 3 yr 5 yr 10 yr Alpha -3.57 -2.87 -2.03 Beta 0.66 0.64 0.64 Upside Capture 60.95 60.34 59.94 Downside Capture 71.94 68.01 67.14 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 9/30/23Type 3 yr 5 yr 10 yr Investor Class (HEIFX) 0.17 0.22 0.48 Institutional Class (HEIIX) 0.20 0.25 0.52 S&P 500® Index 0.52 0.50 0.75 Moderate Allocation Category Average 0.23 0.26 0.47 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 9/30/23Type 3 yr 5 yr 10 yr Investor Class (HEIFX) 12.14 12.51 9.82 Institutional Class (HEIIX) 12.13 12.50 9.81 S&P 500® Index 17.85 18.97 14.96 Moderate Allocation Category Average 11.61 12.35 9.68 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
1.58%
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Institutional Class (HEIIX)
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Gross expense ratio
1.20%
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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 9/30/23. 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 S&P 500® Index is an unmanaged index commonly used to measure the performance of U.S. stocks. 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.
Dividend Yield is a financial ratio that indicates how much a company pays out in dividends each year relative to its share price. 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 9/30/23Allocation % of Net Assets Equities 67.00% Fixed Income 30.20% Preferred Stock 1.20% Cash & Other 1.50% Portfolio Characteristics
as of 9/30/23Inception Date (HEIFX) 9/24/01 Inception Date (HEIIX) 6/3/97 Total Fund Assets $73 Million Portfolio Turnover 12% Median Market Cap $97.1 Billion Median Price/Earnings 19.9x Median Price/Book 4.4x Effective Maturity 4.3 years Effective Duration 3.7 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 9/30/23Fund Financials 16.8% Consumer Discretionary 9.2% Materials 8.6% Information Technology 8.6% Industrials 8.5% Consumer Staples 6.0% Communication Services 4.2% Health Care 2.8% Energy 2.3% Portfolio Holdings
Top 10 Holdings
as of 9/30/23Top 10 Equity Holdings % of Net Assets Apple, Inc. 4.7% Berkshire Hathaway, Inc. (Class B) 4.6% Alphabet, Inc. (Class C) 4.2% BlackRock, Inc. 2.8% Martin Marietta Materials, Inc. 2.8% Visa, Inc. 2.7% Progressive Corp. 2.5% FedEx Corp. 2.5% The Home Depot, Inc. 2.4% Chevron Corp. 2.3% Total as % of Net Assets 31.4% Total Equity Holdings: 29
Total Fixed-Income Holdings: 59as of 9/30/23Equity Holdings % of Net Assets Apple, Inc. 4.7% Berkshire Hathaway, Inc. (Class B) 4.6% Alphabet, Inc. (Class C) 4.2% BlackRock, Inc. 2.8% Martin Marietta Materials, Inc. 2.8% Visa, Inc. 2.7% Progressive Corp. 2.5% FedEx Corp. 2.5% The Home Depot, Inc. 2.4% Chevron Corp. 2.3% Old Dominion Freight Line, Inc. 2.3% Texas Instruments, Inc. 2.3% Starbucks Corp. 2.2% NewMarket Corp. 2.2% Fiserv Inc. 2.2% The Charles Schwab Corp. 2.1% O'Reilly Automotive, Inc. 2.1% Church & Dwight Co., Inc. 2.0% Nestle SA 2.0% Altria Group, Inc. 2.0% Republic Services, Inc. 2.0% Air Products & Chemicals, Inc. 1.9% Norfolk Southern Corp. 1.8% Albemarle Corp. 1.8% Johnson & Johnson 1.7% Cisco Systems, Inc. 1.7% Lowe's Companies, Inc. 1.4% CarMax, Inc. 1.2% Pfizer, Inc. 1.1% Total as % of Net Assets 67.0% Fixed Income Holdings % of Net Assets U.S. Treasury Note/Bond - 1 7/8% (7/31/26) 2.0% U.S. Treasury Note/Bond - 0.75% (4/30/26) 1.9% U.S. Treasury Note/Bond - 0 1/4% (8/31/25) 1.6% Canadian Natural Resources, Ltd. - 3.9% (2/1/25) 1.3% U.S. Treasury Note/Bond - 4 1/4% (3/1/27) 1.3% Willis Tower Watson - 3.6% (5/15/24) 1.0% Cigna Corporation - 3 1/2% (6/15/24) 1.0% Fannie Mae Pool - AU4405 0.9% Edwards Lifesciences - 4.3% (6/15/28) 0.9% Paypal - 2.85% (10/01/29) 0.9% Autodesk - 2.85% (01/15/30) 0.8% U.S. Treasury Note/Bond - 1 1/4% (12/31/26) 0.8% U.S. Treasury Note/Bond - 4.125% (11/15/32) 0.7% AT&T - 2.75% (8/15/32) 0.7% Freddie Mac Gold Pool - Q11129 0.6% Bank of America Corp. - 2.299% (7/21/32) 0.6% AT&T - 3% (10/31/25) 0.6% Huntington Bancshares - 2.55% (02/04/30) 0.6% Broadcom 4.11% (09/15/28) 0.5% U.S. Treasury Note/Bond - 0 5/8% (3/31/27) 0.5% Williams Company - 2.6% (3/15/31) 0.5% Starbucks - 3.5% (3/1/28) 0.5% Freddie Mac Gold Pool - Q08238 0.5% Huntington Bancshares - 4% (5/15/25) 0.5% T 3 5/8 05/15/26 0.5% U.S. Treasury Note/Bond - 4 1/8% (09/30/27) 0.5% General Electric Co. - 3 5/8% (5/1/30) 0.5% Regeneron Pharmaceuticals - 1 3/4% (9/15/30) 0.5% U.S. Treasury Note/Bond - 2 5/8% (04/15/25) 0.4% Goldman Sachs - 4.223% (5/1/29) 0.4% JPMorgan Chase & Co. - 2.069% (6/1/29) 0.4% U.S. Treasury Note/Bond - 2 1/2% (03/31/27) 0.4% Aflac - 3.6% (04/01/30) 0.4% Lowe's Co. - 2 5/8% (4/1/31) 0.4% Marsh & McLennan - 4.375 (3/15/29) 0.4% Morgan Stanley - 1.593% (5/4/27) 0.4% Regions Financial, Inc. - 1.8% (8/12/28) 0.4% Morgan Stanley - 2.239% (7/21/32) 0.3% Prudential Financial - 3.878% (03/27/28) 0.3% U.S. Treasury Note/Bond - 4 1/4% (5/31/25) 0.3% Comcast - 4.65% (2/15/33) 0.3% Fifth Third Bank - 3.65% (1/25/24) 0.3% Bank of America Corp. - 2.196% (2/4/26) 0.3% U.S. Treasury Note/Bond - 3 1/2% (2/15/33) 0.3% U.S. Treasury Note/Bond - 1 1/2% (02/15/25) 0.3% State Street - 4.821% (01/26/34) 0.2% T 3 3/8 05/15/33 0.2% Fannie Mae Pool - AB4300 0.2% T-Mobile - 3.875% (4/15/30) 0.2% Timken - 6.875% (5/8/28) 0.2% Fannie Mae Pool - 928831 0.1% Ginnie Mae - 2013-24 BD 0.1% Freddie Mac REMICS - 4322 DJ 0.1% Freddie Mac Gold Pool - G02922 <0.05% Freddie Mac REMICS - 4309 JD <0.05% Fannie Mae REMICS - 2012-16 Y <0.05% Fannie Mae REMICS - 2013-52 MD <0.05% Freddie Mac REMICS - 3870 NH <0.05% Freddie Mac REMICS - 4146 ML <0.05% Total as % of Net Assets 30.2% Preferred Holdings % of Net Assets Morgan Stanley - 4 1/4% 0.1% Bank of America - 5 3/8% 0.1% Capital One Financial Corp. - 5.0% 0.1% MetLife - 4.75% 0.1% TCF Financial Corp. - 5.25% 0.1% Citizens Financial Group - 6.35% <0.05% Hartford Financial - 6% <0.05% Huntington Bancshares, Inc. - 6 7/8% <0.05% Charles Schwab Corp. - 4.45% <0.05% Wells Fargo & Co. - 4.75% <0.05% Allstate - 5.1% <0.05% American International Group - 5.85% <0.05% Citigroup - 6.875% <0.05% Fifth Third Bancorp - 6 5/8% <0.05% U.S. Bancorp - 4.25% <0.05% Equitable Holdings - 5.25% <0.05% Aegon NV - 5.1% <0.05% Axis Capital Holdings - 5.50% <0.05% CHS, Inc. - 7 1/2% <0.05% Goldman Sachs Group, Inc. - 6 3/8% <0.05% JPMorgan Chase & Co. - 4.625% <0.05% JPMorgan Chase & Co. - 4.55% <0.05% Public Storage - 4% <0.05% Regions Financial Corp. - 5.7% <0.05% Synovus - 5.875% <0.05% Synchrony Financial - 5.625% <0.05% Cullen Frost Bankers - 4.45% <0.05% Federal Agricultural Mortgage - 5 1/4% <0.05% First Horizon - 6 5/8% <0.05% KeyCorp - 6 1/8% <0.05% KeyCorp - 5 5/8% <0.05% Reinsurance Group of America - 7 1/8% <0.05% Arch Capital Group - 5.45% <0.05% Entergy Corp 4 7/8% <0.05% First Citizens - 5 5/8% <0.05% Wells Fargo - 5 5/8% <0.05% WESCO International - 10 5/8% <0.05% Bank of Hawaii - 4 3/8% <0.05% Carlyle Group - 4 5/8% <0.05% Total as % of Net Assets 1.2% Cash & Other Holdings % of Net Assets Cash & Other 1.5% Total as % of Net Assets 1.5% Country Allocation
as of 9/30/23-
United States
93.9%
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International
3.3%
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Cash & Other
2.7%
United States 93.9% Switzerland 2.0% Canada 1.3% Cash & Other 2.7% Fixed Income Quality Distribution
as of 9/30/23Aaa/AAA 46.8% Aa/AA 0.0% A 17.8% Baa/BBB 32.2% Below Baa/BBB 0.0% N/A 0.0% Non-rated 3.1% -
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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 09/29/2023 $0.02026 -- -- $0.02026 $14.46 06/30/2023 $0.03420 -- -- $0.03420 $14.97 03/31/2023 $0.02157 -- -- $0.02157 $14.31 12/28/2022 $0.02387 -- -- $0.02387 $13.93 12/08/2022 -- -- $0.37982 $0.37982 $14.25 09/30/2022 $0.02309 -- -- $0.02309 $13.47 06/30/2022 $0.02524 -- -- $0.02524 $14.08 03/31/2022 $0.01343 -- -- $0.01343 $15.79 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 09/29/2023 $0.03517 -- -- $0.03517 $13.57 06/30/2023 $0.04755 -- -- $0.04755 $14.04 03/31/2023 $0.03464 -- -- $0.03464 $13.42 12/28/2022 $0.03613 -- -- $0.03613 $13.07 12/08/2022 -- -- $0.35677 $0.35677 $13.38 09/30/2022 $0.03613 -- -- $0.03613 $12.64 06/30/2022 $0.03945 -- -- $0.03945 $13.22 03/31/2022 $0.02860 -- -- $0.02860 $14.83 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 -- Past performance is not a guarantee of future results.
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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.
