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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.
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 12/20/24-
Investor Class (HEIFX)
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NAV
$13.94
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$ Change
$0.09
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% Change
0.65%
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YTD
10.51%
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Institutional Class (HEIIX)
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NAV
$13.08
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$ Change
$0.09
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% Change
0.69%
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YTD
10.93%
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Average Annualized Total Return
as of 11/30/24Name 1 Mo YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97) Investor Class (HEIFX) 4.38% 15.08% 18.56% 4.62% 7.08% 6.14% 6.89% Institutional Class (HEIIX) 4.47% 15.52% 19.05% 5.03% 7.48% 6.54% 7.15% S&P 500® Index 5.87% 28.07% 33.89% 11.44% 15.77% 13.35% 9.39% as of 9/30/24Name QTR YTD 1 yr 3 yr 5 yr 10 yr Since Inception (6/3/97) Investor Class (HEIFX) 6.57% 10.46% 17.66% 4.28% 6.81% 6.14% 6.78% Institutional Class (HEIIX) 6.61% 10.73% 17.98% 4.65% 7.19% 6.53% 7.03% S&P 500® Index 5.89% 22.08% 36.35% 11.91% 15.98% 13.38% 9.26% Hypothetical Growth of $10,000
as of 11/30/2024Value of $10,000 invested between 11/30/2023 and 11/30/2024
Equity and Income Fund (HEIFX) $11,856 Equity and Income Fund (HEIIX) $11,905 S&P 500® Index $13,389 Value of $10,000 invested between 11/30/2021 and 11/30/2024
Equity and Income Fund (HEIFX) $11,450 Equity and Income Fund (HEIIX) $11,585 S&P 500® Index $13,838 Value of $10,000 invested between 11/30/2019 and 11/30/2024
Equity and Income Fund (HEIFX) $14,075 Equity and Income Fund (HEIIX) $14,341 S&P 500® Index $20,792 Value of $10,000 invested between 11/30/2014 and 11/30/2024
Equity and Income Fund (HEIFX) $18,141 Equity and Income Fund (HEIIX) $18,838 S&P 500® Index $35,002 Value of $10,000 invested between 6/3/1997 and 11/30/2024
Equity and Income Fund (HEIFX) $62,532 Equity and Income Fund (HEIIX) $66,727 S&P 500® Index $118,042 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
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Investor Class (HEIFX) 11.26% -2.62% 5.73% 13.51% -4.33% 15.99% 8.97% 16.71% -13.85% 10.43% Institutional Class (HEIIX) 11.58% -2.25% 6.19% 13.88% -3.98% 16.50% 9.35% 17.13% -13.59% 10.90% S&P 500® Index 13.69% 1.38% 11.96% 21.83% -4.38% 31.49% 18.40% 28.71% -18.11% 26.29% Year Investor Class (HEIFX) Institutional Class (HEIIX) S&P 500® Index 2013 15.03% 15.40% 32.39% 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 11/30/24Investor Class (HEIFX) Institutional Class (HEIIX) Dividend Yield 0.50% 0.92% 30-Day SEC Yield 0.84% 1.19% Distribution Frequency Quarterly Quarterly Returns-Based Statistics
Relative to S&P 500® Indexas of 9/30/24Investor Class (HEIFX)Type 3 yr 5 yr 10 yr Alpha -4.84 -4.44 -2.93 Beta 0.66 0.67 0.64 Upside Capture 61.07 60.26 58.70 Downside Capture 75.29 73.84 69.21 Institutional Class (HEIIX)Type 3 yr 5 yr 10 yr Alpha -4.49 -4.07 -2.56 Beta 0.66 0.66 0.64 Upside Capture 61.70 60.88 59.61 Downside Capture 74.57 73.10 68.44 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 9/30/24Type 3 yr 5 yr 10 yr Investor Class (HEIFX) 0.09 0.40 0.47 Institutional Class (HEIIX) 0.12 0.43 0.51 S&P 500® Index 0.52 0.78 0.79 Moderate Allocation Category Average 0.13 0.49 0.52 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 9/30/24Type 3 yr 5 yr 10 yr Investor Class (HEIFX) 12.18 12.43 10.09 Institutional Class (HEIIX) 12.17 12.41 10.08 S&P 500® Index 17.53 18.04 15.25 Moderate Allocation Category Average 11.48 12.03 9.95 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
1.21%
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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 9/30/24. 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 9/30/24Allocation % of Net Assets Equities 69.70% Fixed Income 29.00% Preferred Stock 0.00% Cash & Other 1.30% Portfolio Characteristics
as of 9/30/24Inception Date (HEIFX) 9/24/01 Inception Date (HEIIX) 6/3/97 Total Fund Assets $60 Million Portfolio Turnover 14% Median Market Cap $116.5 Billion Median Price/Earnings 27.1x Median Price/Book 4.3x Effective Maturity 4.4 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 9/30/24Fund Financials 22.1% Industrials 8.9% Consumer Discretionary 8.7% Information Technology 8.3% Materials 7.7% Consumer Staples 5.7% Communication Services 4.4% Health Care 2.3% Energy 1.7% Portfolio Holdings
Top 10 Holdings
as of 9/30/24Top 10 Equity Holdings % of Net Assets Berkshire Hathaway, Inc. (Class B) 5.0% Apple, Inc. 4.5% Alphabet, Inc. (Class C) 4.4% Progressive Corp. 3.8% BlackRock, Inc. 3.4% Air Products & Chemicals, Inc. 3.3% Norfolk Southern Corp. 2.9% Fiserv Inc. 2.9% Visa, Inc. 2.7% The Home Depot, Inc. 2.7% Total as % of Net Assets 35.6% Total Equity Holdings: 29
Total Fixed-Income Holdings: 56as of 9/30/24Equity Holdings % of Net Assets Berkshire Hathaway, Inc. (Class B) 5.0% Apple, Inc. 4.5% Alphabet, Inc. (Class C) 4.4% Progressive Corp. 3.8% BlackRock, Inc. 3.4% Air Products & Chemicals, Inc. 3.3% Norfolk Southern Corp. 2.9% Fiserv Inc. 2.9% Visa, Inc. 2.7% The Home Depot, Inc. 2.7% Texas Instruments, Inc. 2.4% Republic Services, Inc. 2.3% Chubb Ltd. 2.2% Martin Marietta Materials, Inc. 2.2% NewMarket Corp. 2.2% FedEx Corp. 2.1% The Charles Schwab Corp. 2.1% Altria Group, Inc. 2.0% Starbucks Corp. 2.0% Church & Dwight Co., Inc. 1.9% Nestle SA 1.8% Chevron Corp. 1.7% Old Dominion Freight Line, Inc. 1.5% Lowe's Companies, Inc. 1.5% Johnson & Johnson 1.5% O'Reilly Automotive, Inc. 1.5% TE Connectivity PLC 1.3% CarMax, Inc. 1.1% Pfizer, Inc. 0.8% Total as % of Net Assets 69.7% Fixed Income Holdings % of Net Assets Aflac - 3.6% (04/01/30) 0.5% U.S. Treasury Note/Bond - 4 1/4% (3/1/27) 0.9% Autodesk - 2.85% (01/15/30) 1.0% Bank of America Corp. - 2.299% (7/21/32) 0.8% Bank of America Corp. - 2.196% (2/4/26) 0.4% Broadcom 4.11% (09/15/28) 0.7% Comcast - 4.65% (2/15/33) 0.4% Edwards Lifesciences - 4.3% (6/15/28) 1.2% Fannie Mae Pool - 928831 0.1% Fannie Mae Pool - AU4405 1.1% Fannie Mae Pool - AB4300 0.2% Fannie Mae REMICS - 2013-52 MD 0.1% Fannie Mae REMICS - 2012-16 Y 0.1% Freddie Mac Gold Pool - G02922 <0.05% Freddie Mac Gold Pool - Q11129 0.7% Freddie Mac Gold Pool - Q08238 0.6% Freddie Mac REMICS - 4309 JD <0.05% Freddie Mac REMICS - 4322 DJ 0.1% Freddie Mac REMICS - 4146 ML <0.05% Freddie Mac REMICS - 3870 NH <0.05% General Electric Co. - 3 5/8% (5/1/30) 0.6% Goldman Sachs - 4.223% (5/1/29) 0.5% Ginnie Mae - 2013-24 BD 0.1% Huntington Bancshares - 2.55% (02/04/30) 0.8% Huntington Bancshares - 4% (5/15/25) 0.6% JPMorgan Chase & Co. - 2.069% (6/1/29) 0.5% Lowe's Co. - 2 5/8% (4/1/31) 0.5% Morgan Stanley - 2.239% (7/21/32) 1.0% Prudential Financial - 3.878% (03/27/28) 0.4% Regeneron Pharmaceuticals - 1 3/4% (9/15/30) 0.6% Regions Financial, Inc. - 1.8% (8/12/28) 0.5% State Street - 4.821% (01/26/34) 0.3% Timken - 6.875% (5/8/28) 0.2% T-Mobile - 3.875% (4/15/30) 0.2% U.S. Treasury Note/Bond - 4 7/8% (11/30/25) 0.9% U.S. Treasury Note/Bond - 4 3/8% (11/30/28) 0.8% U.S. Treasury Note/Bond - 4 1/2% (11/15/33) 0.5% U.S. Treasury Note/Bond - 4% (2/15/34) 0.3% U.S. Treasury Note/Bond - 4 7/8% (5/31/26) 0.3% U.S. Treasury Note/Bond - 3 7/8% (8/15/34) 0.2% U.S. Treasury Note/Bond - 0 5/8% (3/31/27) 0.7% U.S. Treasury Note/Bond - 4 1/8% (09/30/27) 0.5% U.S. Treasury Note/Bond - 4 5/8% (11/15/26) 0.8% AT&T - 2.75% (8/15/32) 0.2% U.S. Treasury Note/Bond - 4 1/8% (10/31/27) 0.7% U.S. Treasury Note/Bond - 3 1/2% (2/15/33) 0.4% U.S. Treasury Note/Bond - 4% (2/28/30) 0.3% U.S. Treasury Note/Bond - 3 5/8% (05/15/26) 0.6% U.S. Treasury Note/Bond - 3 3/8% (08/15/33) 0.3% U.S. Treasury Note/Bond - 4.125% (11/15/32) 0.1% U.S. Treasury Note/Bond - 0.75% (4/30/26) 1.6% U.S. Treasury Note/Bond - 1 1/4% (12/31/26) 1.0% U.S. Treasury Note/Bond - 1 7/8% (7/31/26) 1.6% AT&T - 3% (10/31/25) 0.4% WFC 5.499% (01/23/35) 0.5% Williams Company - 2.6% (3/15/31) 0.7% Total as % of Net Assets 29.0% Cash & Other Holdings % of Net Assets Cash & Other 1.3% Total as % of Net Assets 1.3% Country Allocation
as of 9/30/24-
United States
93.4%
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International
5.3%
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Cash & Other
1.3%
United States 93.4% Switzerland 4.0% Nicaragua 1.3% Cash & Other 1.3% Fixed Income Quality Distribution
as of 9/30/24Aaa/AAA 53.4% Aa/AA 0.0% A 20.1% Baa/BBB 26.4% Below Baa/BBB 0.0% N/A 0.0% Non-rated 0.0% -
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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 12/05/2024 -- -- $1.66289 $1.66289 $14.34 09/30/2024 $0.02055 -- -- $0.02055 $15.55 06/28/2024 $0.02844 -- -- $0.02844 $14.61 03/28/2024 $0.01735 -- -- $0.01735 $14.86 12/27/2023 $0.01955 -- -- $0.01955 $14.16 12/07/2023 -- -- $1.21186 $1.21186 $13.81 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 12/05/2024 -- -- $1.55969 $1.55969 $13.45 09/30/2024 $0.03542 -- -- $0.03542 $14.57 06/28/2024 $0.04237 -- -- $0.04237 $13.70 03/28/2024 $0.03046 -- -- $0.03046 $13.93 12/27/2023 $0.03322 -- -- $0.03322 $13.28 12/07/2023 -- -- $1.13754 $1.13754 $12.97 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 -- 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 Currently, paper copies of the annual and semi-annual reports are not 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.
**Please note the upcoming change to shareholder report delivery.**
After July 24, 2024, shareholder reports will be sent by mail unless a shareholder has elected or elects to receive reports electronically via e-delivery. To sign up for e-delivery, please visit My Account. https://www.hennessyfunds.com/account or 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.
