• Overview

    HEIFX
    Investor

    Hennessy Equity and Income Fund

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

    Fund Facts

    Category

    Multi-Asset

    Inception Date

    9/24/01

    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 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 Financial Counselors, Inc. (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.

    Financial Counselors, Inc., 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

  • Insights & News

  • Performance

    Daily Pricing & Performance

    as of 4/24/19 (Investor)
    • Nav

      $15.48

    • $ Change

      $0.00

    • % Change

      0.00%

    • YTD

      10.41%

    Average Annualized Total Return

    as of 3/31/19 (Investor)
    Name 1 Mo YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97)
    Equity and Income Fund (HEIFX) 1.57% 7.70% 4.52% 7.12% 5.59% 10.24% 6.76%
    Blended Balanced Index 1.71% 9.05% 7.69% 8.79% 7.48% 10.87% 6.75%
    S&P 500® Index 1.94% 13.65% 9.50% 13.51% 10.91% 15.92% 7.71%

    Please swipe to view table

    as of 3/31/19 (Investor)
    Name QTR YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97)
    Equity and Income Fund (HEIFX) 7.70% 7.70% 4.52% 7.12% 5.59% 10.24% 6.76%
    Blended Balanced Index 9.05% 9.05% 7.69% 8.79% 7.48% 10.87% 6.75%
    S&P 500® Index 13.65% 13.65% 9.50% 13.51% 10.91% 15.92% 7.71%

    Please swipe to view table

    Hypothetical Growth of $10,000

    as of 3/31/2019 (Investor)

    Value of $10,000 invested between 3/31/2018 and 3/31/2019

    Equity and Income Fund (HEIFX) $10,452
    Blended Balanced Index $10,769
    S&P 500® Index $10,950

    Value of $10,000 invested between 3/31/2016 and 3/31/2019

    Equity and Income Fund (HEIFX) $12,293
    Blended Balanced Index $12,874
    S&P 500® Index $14,625

    Value of $10,000 invested between 3/31/2014 and 3/31/2019

    Equity and Income Fund (HEIFX) $13,125
    Blended Balanced Index $14,346
    S&P 500® Index $16,781

    Value of $10,000 invested between 3/31/2009 and 3/31/2019

    Equity and Income Fund (HEIFX) $26,518
    Blended Balanced Index $28,059
    S&P 500® Index $43,809

    Value of $10,000 invested between 6/3/1997 and 3/31/2019

    Equity and Income Fund (HEIFX) $41,705
    Blended Balanced Index $41,616
    S&P 500® Index $50,551

    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

      2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
    Equity and Income Fund (HEIFX)
    18.43 11.34 10.61 8.82 15.03 11.26 -2.62 5.73 13.51 -4.33
    Blended Balanced Index
    18.11 11.84 3.86 11.16 18.10 9.43 1.49 8.06 13.59 -2.01
    S&P 500® Index
    26.46 15.06 2.11 16.00 32.39 13.69 1.38 11.96 21.83 -4.38
    Year
    Equity and Income Fund (HEIFX)
    Blended Balanced Index
    S&P 500® Index
    2008 -20.91% -22.08% -37.00%
    2007 8.98% 6.39% 5.49%
    2006 15.63% 11.01% 15.79%
    2005 5.39% 3.65% 4.91%
    2004 13.77% 7.76% 10.88%
    2003 26.08% 18.56% 28.68%
    2002 -14.63% -9.96% -22.10%
    2001 2.46% -3.53% -11.89%
    2000 11.18% -1.53% -9.10%
    1999 6.67% 12.54% 21.04%
    1998 -0.38% 20.87% 28.58%

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    Yield

    as of 3/31/19 (Investor)
    Distribution Rate 1.45%
    30-Day SEC Yield 1.10%
    Distribution Frequency Quarterly

    Please swipe to view table

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

    as of 3/31/19 (Investor)
    Type 3 yr 5 yr 10 yr
    Alpha -1.18 -1.12 1.31
    Beta 0.58 0.59 0.55
    Upside Capture 56.44 57.13 58.90
    Downside Capture 60.95 62.85 50.45

    Please swipe to view table

    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 3/31/19 (Investor)
    Type 3 yr 5 yr 10 yr
    Equity and Income Fund (HEIFX) 0.88 0.71 1.31
    S&P 500® Index 1.12 0.91 1.20
    Allocation--50% to 70% Equity Category Average 0.90 0.60 1.05

    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 3/31/19 (Investor)
    Type 3 yr 5 yr 10 yr
    Equity and Income Fund (HEIFX) 6.57 6.82 7.31
    S&P 500® Index 10.73 11.19 12.69
    Allocation--50% to 70% Equity Category Average 6.65 7.13 8.54

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

    Fund Expenses

    • Gross expense ratio

      1.49%

    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 3/31/19. 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 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.

  • Portfolio

    Portfolio Allocation

    as of 3/31/19
    Allocation % of Net Assets
    Equities 57.30%
    Fixed Income 37.10%
    Cash & Other 5.60%

    Portfolio Characteristics

    as of 3/31/19
    Total Fund Assets $192.4 Million
    Portfolio Turnover 17%
    Median Market Cap $68.0 Billion
    Median Price/Earnings 15.6x
    Median Price/Book 4.1x
    Effective Maturity 5.1 years
    Effective Duration 3.8 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 3/31/19
    Fund
    Financials 12.8%
    Consumer Discretionary 11.8%
    Information Technology 8.6%
    Industrials 7.3%
    Consumer Staples 5.7%
    Materials 4.8%
    Communication Services 4.1%
    Energy 1.3%
    Health Care 0.9%

    Portfolio Holdings

    Top 10 Holdings

    as of 3/31/19
    Top 10 Equity Holdings Ticker % of Net Assets
    Berkshire Hathaway, Inc. (Class B) BRK/B 4.1%
    Visa, Inc. V 3.3%
    Apple, Inc. AAPL 3.2%
    Alphabet, Inc. (Class C) GOOG 3.1%
    Dollar Tree, Inc. DLTR 2.8%
    Altria Group, Inc. MO 2.6%
    CarMax, Inc. KMX 2.3%
    Norfolk Southern Corp. NSC 2.2%
    FedEx Corp. FDX 2.1%
    Nestle SA NSRGY 2.1%
    Total as % of Net Assets 27.7%

    Total Equity Holdings: 29
    Total Fixed-Income Holdings: 82

    as of 3/31/19
    Equity Holdings Ticker % of Net Assets
    Berkshire Hathaway, Inc. (Class B) BRK/B 4.1%
    Visa, Inc. V 3.3%
    Apple, Inc. AAPL 3.2%
    Alphabet, Inc. (Class C) GOOG 3.1%
    Dollar Tree, Inc. DLTR 2.8%
    Altria Group, Inc. MO 2.6%
    CarMax, Inc. KMX 2.3%
    Norfolk Southern Corp. NSC 2.2%
    FedEx Corp. FDX 2.1%
    Nestle SA NSRGY 2.1%
    Cisco Systems, Inc. CSCO 2.1%
    O'Reilly Automotive, Inc. ORLY 2.0%
    Carnival Corp. CCL 2.0%
    BlackRock, Inc. BLK 2.0%
    The Home Depot, Inc. HD 1.9%
    Progressive Corp. PGR 1.9%
    Alleghany Corp. Y 1.8%
    NewMarket Corp. NEU 1.7%
    Martin Marietta Materials, Inc. MLM 1.7%
    Wells Fargo & Co. WFC 1.6%
    Southwest Airlines Co. LUV 1.6%
    The Charles Schwab Corp. SCHW 1.5%
    General Dynamics Corp. GD 1.4%
    Albemarle Corp. ALB 1.4%
    Chevron Corp. CVX 1.3%
    The Coca-Cola Company KO 1.0%
    Verizon Communications, Inc. VZ 1.0%
    Bristol Myers Squibb BMY 0.9%
    Lowe's Companies, Inc. LOW 0.9%
    Total as % of Net Assets 57.4%
    Fixed Income Holdings Ticker % of Net Assets
    U.S. Treasury Note/Bond - 3 5/8% (8/15/19) 912828LJ7 1.7%
    U.S. Treasury Note/Bond - 2 3/4% (2/15/24) 912828B66 1.6%
    Morgan Stanley - 5 1/2% (7/28/21) 61747WAL3 1.3%
    Fannie Mae Pool - AU4405 3138X33P5 1.3%
    U.S. Treasury Note/Bond - 2 5/8% (11/15/20) 912828PC8 1.2%
    Freddie Mac Gold Pool - G61281 31335BM60 0.9%
    Freddie Mac Gold Pool - Q11129 3132HMHE4 0.9%
    Encana Corp. - 3.9% (11/15/21) 292505AJ3 0.9%
    Celgene Corp. - 3 5/8% (5/15/24) 151020AP9 0.9%
    Capital One Financial Corp. - 4 3/4% (7/15/21) 14040HAY1 0.8%
    Goldman Sachs - 6% (6/15/20) 38141EA66 0.8%
    Edwards Lifesciences - 4.3% (6/15/28) 28176EAD0 0.8%
    Raymond James Financial, Inc. - 3 5/8% (9/15/26) 754730AE9 0.8%
    Diamond Finco 1/Finco 2 - 5.45% (6/15/23) 25272KAG8 0.7%
    Synovus Financial - 3.125% (11/01/22) 87161CAL9 0.7%
    FHLB - 1.25% (10/17/31) 3130A9JQ5 0.6%
    Synchrony Financial - 3 3/4% (8/15/21) 87165BAC7 0.6%
    Fannie Mae - 2 1/2% (3/30/26) 3136G3GG4 0.6%
    Freddie Mac - 2% (10/27/23) 3134GARC0 0.6%
    Verizon Communications, Inc. - 2.45% (11/1/22) 92343VBJ2 0.6%
    National Oilwell Varco, Inc. - 2.6% (12/1/22) 637071AJ0 0.6%
    Boardwalk Pipeline Partners - 4.45% (07/15/27) 096630AF5 0.6%
    American International Group. Inc. - 4 7/8% (6/1/22) 026874CU9 0.6%
    Rio Tinto Finance USA, Ltd. - 3 3/4% (6/15/25) 767201AS5 0.6%
    AngloGold Ashanti Holdings PLC - 5 1/8% (8/1/22) 03512TAC5 0.5%
    U.S. Treasury Note/Bond - 3 5/8% (2/15/44) 912810RE0 0.5%
    American International Group, Inc. - 4 1/8% (2/15/24) 026874CY1 0.5%
    Alibaba Group - 3.6% (11/28/24) 01609WAQ5 0.5%
    CVS Health Corp. - 4 1/8% (5/15/21) 126650BW9 0.5%
    Canadian Natural Resources, Ltd. - 3.9% (2/1/25) 136385AV3 0.5%
    Newmont Mining Corp. - 3 1/2% (3/15/22) 651639AN6 0.5%
    Amgen, Inc. - 3.45% (10/1/20) 031162BD1 0.5%
    U.S. Treasury Note/Bond - 4 1/4% (3/1/27) 00206RDQ2 0.5%
    Fannie Mae - 1 1/2% (4/18/28) 3136G3GW9 0.5%
    KeyCorp - 5.1% (3/24/21) 49326EED1 0.5%
    JPMorgan Chase & Co. - 2.7% (5/18/23) 46625HRL6 0.5%
    Fannie Mae - 1 1/2% (08/10/21) 3136G3U45 0.5%
    Discover Financial Services - 5.2% (4/27/22) 254709AG3 0.5%
    Macy's, Inc. - 4.375% (09/01/23) 55616XAK3 0.5%
    Freddie Mac Gold Pool - Q08238 3132GTPX9 0.5%
    Huntington Bancshares - 4% (5/15/25) 446150AM6 0.4%
    Raymond James Financial, Inc. - 5 5/8% (4/1/24) 754730AD1 0.4%
    Husky Energy - 4% (04/15/24) 448055AK9 0.4%
    Goldcorp, Inc. - 3 5/8% (6/9/21) 380956AF9 0.4%
    FHLB - 2.75% (7/11/31) 3130A8M75 0.4%
    Willis Tower Watson - 3.6% (5/15/24) 970648AF8 0.4%
    Cigna Corporation - 3 1/2% (6/15/24) 30219GAK4 0.4%
    Agilent Technologies. Inc. - 5% (7/15/20) 00846UAG6 0.4%
    Juniper Networks, Inc. - 4.6% (3/15/21) 48203RAF1 0.3%
    General Electric Co. - 6% (8/7/19) 36962G4D3 0.3%
    Goldman Sachs - 5 3/8% (3/15/20) 38141EA58 0.3%
    First Niagara Financial Group - 6 3/4% (3/19/20) 33582VAB4 0.3%
    Fannie Mae Pool - AJ3232 3138AUSW8 0.3%
    Fannie Mae Pool - MA0918 31418AAU2 0.3%
    AT&T, Inc. - 3% (2/15/22) 00206RBD3 0.3%
    Fannie Mae Pool - AB4300 31417AX61 0.3%
    Capital One - 2.25% (9/13/21) 14042RBT7 0.3%
    AT&T - 3% (10/31/25) 9128285J5 0.2%
    Prudential Financial - 3.878% (03/27/28) 74432QCC7 0.2%
    Ford Motor Corp. - 7.45% (7/16/31) 345370CA6 0.2%
    Wal-Mart Stores, Inc. - 5% (10/25/40) 931142CY7 0.2%
    Corning, Inc. - 6.85% (3/1/29) 219350AH8 0.2%
    Freddie Mac REMICS - 4016 NL 3137ANAJ4 0.2%
    Lincoln National Corp. - 6 1/4% (2/15/20) 534187AY5 0.2%
    Apple, Inc. - 4 1/2% (2/23/36) 037833BW9 0.2%
    Freddie Mac REMICS - 4322 DJ 3137B8MS3 0.1%
    Amgen, Inc. - 3 5/8% (5/22/24) 031162BV1 0.1%
    Freddie Mac REMICS - 3928 HC 3137AEZ65 0.1%
    Ginnie Mae - 2013-24 BD 38378FM72 0.1%
    AT&T, Inc. - 5.35% (9/1/40) 04650NAB0 0.1%
    Macy's, Inc. - 4.5% (12/15/34) 55616XAM9 0.1%
    Fannie Mae Pool - 928831 31412L4Q0 0.1%
    Fannie Mae REMICS - 2013-52 MD 3136AEJ24 0.1%
    Fannie Mae REMICS - 2012-22 PA 3136A4AJ8 0.1%
    Fannie Mae REMICS - 2012-16 Y 3136A4RW1 0.1%
    Fannie Mae REMICS - 2010-134 DJ 31398SMH3 0.1%
    Freddie Mac REMICS - 4309 JD 3137B7US6 0.1%
    Freddie Mac REMICS - 4146 ML 3137AXGC1 0.1%
    Freddie Mac Gold Pool - G02922 3128M4SK0 0.0%
    Freddie Mac REMICS - 3870 NH 3137ABXJ5 0.0%
    Fannie Mae Pool - 829054 31407FBX7 0.0%
    Freddie Mac Gold Pool - G11740 31283K4Z8 0.0%
    Total as % of Net Assets 37.1%
    Preferred Holdings Ticker % of Net Assets
    CHS, Inc. - 7 1/2% 12542R803 0.1%
    Morgan Stanley - 6 3/8% 61761J406 0.1%
    Two Harbors Investment Corp - 7.625% 90187B309 0.1%
    JPMorgan Chase & Co. - 6.15% 48127V827 0.1%
    Huntington Bancshares, Inc. - 6 1/4% 446150708 0.1%
    Royal Bank of Scotland - 0% (06/21/13) 020002127 0.1%
    Arch Capital Group - 5.45% 03939A107 0.1%
    AT & T - 5.625% 00206R409 0.1%
    Chimera Investment Corp. - 8% 16934Q307 0.1%
    BB&T Corp. - 5.2% 054937602 0.1%
    Enbridge, Inc. - 6 3/8% 29250N477 0.1%
    Wells Fargo & Co. - 6% 94988U730 0.1%
    Wells Fargo & Co. - 5 1/2% 94988U672 0.1%
    Capital One Financial Corp. - 6% 14040H840 0.1%
    Hartford Financial - 6% 416518603 0.1%
    Charles Schwab Corp. - 6% 808513402 0.1%
    MetLife - 5.6275% 59156R876 0.1%
    Annaly Capital Management - 6.95% 035710870 0.1%
    Capital One Financial Corp. - 6.2% 14040H881 0.1%
    Regions Financial Corp. - 6 3/8% 7591EP506 0.1%
    State Street Corp. - 5.9% 857477608 0.1%
    KeyCorp - 6 1/8% 493267702 0.1%
    BB&T Corp. - 5 5/8% 054937875 0.1%
    Investco Mortgage Capital - 7.5% 46131B506 0.1%
    American International Group - 5.85% 026874768 0.1%
    Southern Co. - 6 1/4% 842587206 0.1%
    Monmouth Real Estate Investment Corp. - 6.125% 609720404 0.1%
    Aegon NV - 6 3/8% 007924301 0.1%
    Banc of California, Inc. - 7% 05990K874 0.1%
    Citigroup, Inc. - 6.3% 172967317 0.1%
    Bank of America Corp - 6% 060505229 0.1%
    Vornado Realty Trust - 5 1/4% 929042828 0.0%
    First Republic Bank - 5.7% 33616C852 0.0%
    Public Storage - 5.4% 74460W776 0.0%
    First Republic Bank - 5 1/2% 33616C837 0.0%
    Citizens Financial Group - 6.35% 174610204 0.0%
    U.S. Bancorp - 6 1/2% 902973833 0.0%
    Goldman Sachs Group, Inc. - 6 3/8% 38148B108 0.0%
    Goldman Sachs Group, Inc. - 6.3% 38148B504 0.0%
    Axis Capital Holdings - 5.50% 05461T305 0.0%
    Kimco Realty Corp. - 5 1/4% 49446R711 0.0%
    Chimera Investment Corp. - 8% 16934Q406 0.0%
    Bank of America - 6.2% 060505286 0.0%
    Citigroup - 6.875% 172967341 0.0%
    Legg Mason, Inc. - 5.45% 524901600 0.0%
    Synovus - 6.25% 87161C600 0.0%
    Prudential - 5.625% 744320805 0.0%
    TCF Financial Corp. - 5.7% 872275300 0.0%
    Legg Mason, Inc. - 6 3/8% 524901501 0.0%
    Agilent Technologies. Inc. - 5% (7/15/20) 493267876 0.0%
    IBERIABANK Corp. - 6 5/8% 450828207 0.0%
    ING Groep NV - 6 1/8% 456837509 0.0%
    Webster Financial Corp - 5 1/4% 947890505 0.0%
    Total as % of Net Assets 2.7%
    Cash & Other Holdings % of Net Assets
    Cash & Other 2.9%
    Total as % of Net Assets 2.9%

    Country Allocation

    as of 3/31/19
    • United States

      86.6%

    • Foreign

      7.8%

    • Cash & Other

      5.6%

    United States 86.6%
    Canada 2.2%
    Switzerland 2.1%
    Panama 2.0%
    Isle of Man 0.5%
    Cayman Islands 0.5%
    Australia 0.5%
    Cash & Other 5.6%

    Quality Distribution

    as of 3/31/19
    Aaa/AAA 37.3%
    Aa/AA 0.9%
    A 10.8%
    Baa/BBB 43.8%
    Below Baa/BBB 3.7%
    N/A 3.5%
    Non-rated 0.0%
  • 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
    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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  • Fund Documents

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    Fund Documents
    Equity and Income Fund Fact Sheet
    Equity and Income Fund Portfolio Manager Commentary View
    Equity and Income Fund Summary Prospectus
    Full Prospectus
    Statement of Additional Information
    Shareholder Reports
    Equity and Income Fund Semi-Annual Report
    Equity and Income Fund Annual Report