Hennessy Equity and Income Fund (HEIFX)

Portfolio Asset Allocation as of 12/31/2016


Top Ten Equity Holdings as of 12/31/2016

Total as % of Net Assets 29.1%
Berkshire Hathaway, Inc. (Class B) 4.6% Edgewell Personal Care Co. 2.8%
CarMax, Inc. 2.9% General Dynamics Corp. 2.7%
Dollar Tree, Inc. 2.9% Altria Group, Inc. 2.6%
Carnival Corp. 2.8% Wells Fargo & Co. 2.6%
Apple, Inc. 2.8% Alleghany Corp. 2.5%

Equity Sector Weighting as of 12/31/2016


Portfolio Characteristics as of 12/31/2016

Total Fund Assets $310.3 Million
Portfolio Turnover 24%
Number of Equity Holdings 29
Median Market Cap $62.3 Billion
Median Price/Earnings 20.43x
Median Price/Book 3.80x
Number of Fixed Income Holdings 117
Effective Maturity 4.91 years
Effective Duration 3.90 years

Quality Distribution as of 12/31/2016


Country Allocation as of 12/31/2016

Australia 0.5%
Canada 1.8%
Curacao 0.4%
Isle of Man 0.3%
Netherlands 0.4%
Panama 2.8%
United Kingdom 0.5%
United States 89.5%
Cash & Other 3.7%

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.