Hennessy Equity and Income Fund (HEIFX)

Portfolio Asset Allocation as of 3/31/2017


Top Ten Equity Holdings as of 3/31/2017

Total as % of Net Assets 27.7%
Berkshire Hathaway, Inc. (Class B) 4.3% Altria Group, Inc. 2.5%
Apple, Inc. 3.1% CarMax, Inc. 2.4%
Carnival Corp. 2.9% Progressive Corp. 2.4%
Dollar Tree, Inc. 2.7% Wells Fargo & Co. 2.4%
General Dynamics Corp. 2.7% Visa, Inc. 2.4%

Equity Sector Weighting as of 3/31/2017


Portfolio Characteristics as of 3/31/2017

Total Fund Assets $297.4 Million
Portfolio Turnover 27%
Number of Equity Holdings 30
Median Market Cap $80.6 Billion
Median Price/Earnings 20.46x
Median Price/Book 3.90x
Number of Fixed Income Holdings 114
Effective Maturity 4.92 years
Effective Duration 3.88 years

Quality Distribution as of 3/31/2017


Country Allocation as of 3/31/2017

Australia 0.5%
Canada 2.4%
Curacao 0.5%
Isle of Man 0.3%
Netherlands 0.4%
Panama 2.9%
United Kingdom 0.3%
United States 88.5%
Cash & Other 4.0%

Fund holdings and 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.