Hennessy Equity and Income Fund (HEIIX)

Portfolio Asset Allocation as of 12/31/2017


Top Ten Equity Holdings as of 12/31/2017

Total as % of Net Assets 28.5%
Berkshire Hathaway, Inc. (Class B) 4.4% Visa, Inc. 2.6%
Apple, Inc. 3.1% BlackRock, Inc. 2.5%
Dollar Tree, Inc. 3.1% Deere & Co. 2.4%
Progressive Corp. 2.9% General Dynamics Corp. 2.4%
Carnival Corp. 2.8% Norfolk Southern Corp. 2.3%

Equity Sector Weighting as of 12/31/2017


Portfolio Characteristics as of 12/31/2017

Total Fund Assets $266.5 Million
Portfolio Turnover 19%
Number of Equity Holdings 29
Median Market Cap $83.2 Billion
Median Price/Earnings 20.52x
Median Price/Book 4.41x
Number of Fixed Income Holdings 101
Effective Maturity 5.04 years
Effective Duration 3.95 years

Quality Distribution as of 12/31/2017


Country Allocation as of 12/31/2017

Australia 0.6%
Canada 2.8%
Cayman Islands 0.4%
Isle of Man 0.4%
Netherlands 0.5%
Panama 2.8%
United States 87.5%
Cash & Other 5.1%

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.