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Trending ETFs

Hennessy Equity and Income Fund

mutual fund
HEIFX
Payout Change
Pending
Price as of:
$13.89 +0.0 +0.0%
primary theme
U.S. Balanced Allocation
share class
Investor (HEIIX) Instl (HEIFX)
HEIFX (Mutual Fund)

Hennessy Equity and Income Fund

Payout Change
Pending
Price as of:
$13.89 +0.0 +0.0%
primary theme
U.S. Balanced Allocation
share class
Investor (HEIIX) Instl (HEIFX)
HEIFX (Mutual Fund)

Hennessy Equity and Income Fund

Payout Change
Pending
Price as of:
$13.89 +0.0 +0.0%
primary theme
U.S. Balanced Allocation
share class
Investor (HEIIX) Instl (HEIFX)

Name

As of 12/31/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Hennessy Equity and Income Fund

HEIFX | Fund

$13.89

$68.6 M

0.59%

$0.08

1.21%

Vitals

YTD Return

0.0%

1 yr return

10.6%

3 Yr Avg Return

3.0%

5 Yr Avg Return

5.0%

Net Assets

$68.6 M

Holdings in Top 10

35.1%

52 WEEK LOW AND HIGH

$13.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.21%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 26.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$2,500

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/31/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Hennessy Equity and Income Fund

HEIFX | Fund

$13.89

$68.6 M

0.59%

$0.08

1.21%

HEIFX - Profile

Distributions

  • YTD Total Return 0.0%
  • 3 Yr Annualized Total Return 3.0%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.54%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hennessy Equity and Income Fund
  • Fund Family Name
    Hennessy Funds Trust
  • Inception Date
    Jun 26, 2019
  • Shares Outstanding
    3012750
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Moody

Fund Description

The Fund is designed as a balanced fund that seeks income and long-term capital appreciation with reduced volatility of returns.  The Portfolio Managers’ approach places a focus on seeking downside protection.  Under normal circumstances, the Fund will invest up to 70% of its assets in equity securities and its remaining assets in fixed income securities.
The Fund invests primarily in domestic companies whose securities are listed on U.S. national securities exchanges. The Fund may also invest in (i) foreign companies listed on U.S. national securities exchanges and (ii) foreign companies through American Depositary Receipts (“ADRs”), which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. Investments consist primarily of common stocks, asset-backed and mortgage-backed securities, and debt instruments. As a non-principal investment strategy, the Fund may also invest in preferred stocks, equity-like instruments, and high-yield bonds (commonly referred to as “junk bonds”). The Fund may invest directly in fixed income securities or it may invest indirectly in fixed income securities by investing in other investment companies (including exchange-traded funds, referred to as ETFs) that invest in fixed income securities.  The Fund invests without regard to market capitalization.
EQUITY ALLOCATION
The equity Portfolio Managers utilize a fundamental, value-oriented investment approach, focusing on larger, high-quality companies with demonstrated market dominance, low business risk, and solid long-term growth prospects.  In choosing which securities to purchase, the equity Portfolio Managers give consideration to companies that have shareholder-oriented management, with a history of alignment with shareholder interests through stock incentives, insider buying, and corporate stock buybacks.  Many of the stocks held by the Fund are expected to pay dividends.  Generally, the equity Portfolio Managers may choose to sell a position if it begins to have a significant negative effect on total portfolio value, if they believe it has reached an excessive valuation level, when the company’s fundamentals deteriorate, or when a more attractive candidate is identified through the screening process.
FIXED INCOME ALLOCATION
The fixed income Portfolio Managers focus on higher quality, intermediate-term fixed income securities, but they may invest up to 10% of the Fund’s assets in junk bonds.
The fixed income Portfolio Managers continuously analyze and assess the variables that influence bond prices. They use this proprietary approach, which combines economic data and technical factors, to evaluate the probability of interest rate movements in order to manage the duration of the portfolio in an effort to mitigate downside risk and maximize total return.  They purchase and sell securities in accordance with these principles to meet previously identified sector allocations, duration targets, and curve strategies for the fixed income allocation of the Fund.
As of January 31, 2024, the bonds and cash equivalents held in the fixed income allocation of the Fund had a dollar-weighted average effective maturity of 4.24 years.
Read More

HEIFX - Performance

Return Ranking - Trailing

Period HEIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -2.2% 73.7% 34.21%
1 Yr 10.6% -2.2% 73.7% 45.81%
3 Yr 3.0%* -5.2% 21.7% 37.69%
5 Yr 5.0%* -3.8% 21.4% 73.14%
10 Yr N/A* 0.7% 13.7% 53.33%

* Annualized

Return Ranking - Calendar

Period HEIFX Return Category Return Low Category Return High Rank in Category (%)
2024 -1.8% -12.2% 23.9% 95.43%
2023 0.9% -34.7% 19.1% 48.29%
2022 -16.6% -26.4% 18.1% 21.51%
2021 8.8% -20.9% 39.7% 83.39%
2020 2.1% -20.0% 25.7% 60.16%

Total Return Ranking - Trailing

Period HEIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.0% -2.2% 73.7% 34.21%
1 Yr 10.6% -2.2% 73.7% 45.81%
3 Yr 3.0%* -5.2% 21.7% 37.69%
5 Yr 5.0%* -3.8% 21.4% 73.14%
10 Yr N/A* 0.7% 13.7% 50.31%

* Annualized

Total Return Ranking - Calendar

Period HEIFX Return Category Return Low Category Return High Rank in Category (%)
2024 10.2% -12.2% 26.8% 79.20%
2023 10.0% -29.0% 21.6% 34.47%
2022 -9.9% -20.8% 27.3% 66.51%
2021 8.8% -19.5% 40.6% 84.82%
2020 7.8% -14.9% 32.0% 78.91%

NAV & Total Return History

HEIFX - Holdings

Concentration Analysis

HEIFX Category Low Category High HEIFX % Rank
Net Assets 68.6 M 861 K 235 B 89.75%
Number of Holdings 86 2 16143 44.40%
Net Assets in Top 10 20.9 M 859 K 66.9 B 91.30%
Weighting of Top 10 35.05% 10.8% 124.0% 61.80%

Top 10 Holdings

  1. Berkshire Hathaway Inc 4.58%
  2. Alphabet Inc 4.49%
  3. Apple Inc 4.30%
  4. Progressive Corp/The 3.54%
  5. Blackrock Inc 3.49%
  6. Air Products and Chemicals Inc 3.40%
  7. Fiserv Inc 3.08%
  8. Norfolk Southern Corp 2.90%
  9. Visa Inc 2.76%
  10. Home Depot Inc/The 2.52%

Asset Allocation

Weighting Return Low Return High HEIFX % Rank
Stocks 		68.84% 0.00% 100.10% 51.92%
Bonds 		28.46% 0.00% 77.71% 37.02%
Cash 		2.70% -7.92% 100.00% 39.53%
Convertible Bonds 		0.01% 0.00% 23.84% 88.41%
Preferred Stocks 		0.00% 0.00% 24.59% 79.20%
Other 		0.00% -44.02% 113.97% 76.99%

Stock Sector Breakdown

Weighting Return Low Return High HEIFX % Rank
Financial Services 		23.28% 0.00% 38.77% 3.28%
Technology 		15.81% 0.00% 44.21% 81.07%
Communication Services 		11.77% 0.00% 38.10% 4.92%
Consumer Cyclical 		11.68% 0.00% 19.36% 19.23%
Consumer Defense 		10.82% 0.00% 15.14% 4.92%
Industrials 		9.24% 0.00% 24.37% 68.85%
Basic Materials 		8.38% 0.00% 25.57% 4.32%
Healthcare 		5.23% 0.00% 29.35% 94.04%
Real Estate 		3.22% 0.00% 65.01% 55.59%
Energy 		0.56% 0.00% 85.65% 91.21%
Utilities 		0.00% 0.00% 99.55% 97.76%

Stock Geographic Breakdown

Weighting Return Low Return High HEIFX % Rank
US 		68.84% 0.00% 100.10% 48.97%
Non US 		0.00% 0.00% 42.80% 81.27%

Bond Sector Breakdown

Weighting Return Low Return High HEIFX % Rank
Corporate 		58.06% 0.00% 98.21% 15.30%
Government 		27.61% 0.00% 97.26% 56.46%
Securitized 		8.25% 0.00% 92.13% 77.56%
Cash & Equivalents 		2.53% 0.00% 99.92% 38.50%
Derivative 		0.00% -4.58% 41.29% 61.65%
Municipal 		0.00% 0.00% 24.80% 89.30%

Bond Geographic Breakdown

Weighting Return Low Return High HEIFX % Rank
US 		28.46% 0.00% 77.71% 35.10%
Non US 		0.00% 0.00% 15.37% 77.29%

HEIFX - Expenses

Operational Fees

HEIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.21% 0.03% 27.98% 33.87%
Management Fee 0.80% 0.00% 1.83% 91.36%
12b-1 Fee 0.15% 0.00% 1.00% 18.55%
Administrative Fee N/A 0.01% 0.83% 61.15%

Sales Fees

HEIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HEIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HEIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 26.00% 0.83% 343.00% 33.60%

HEIFX - Distributions

Dividend Yield Analysis

HEIFX Category Low Category High HEIFX % Rank
Dividend Yield 0.59% 0.00% 17.90% 92.09%

Dividend Distribution Analysis

HEIFX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Quarterly

Net Income Ratio Analysis

HEIFX Category Low Category High HEIFX % Rank
Net Income Ratio 0.54% -2.34% 13.92% 79.28%

Capital Gain Distribution Analysis

HEIFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

View More +

HEIFX - Fund Manager Analysis

Managers

Jonathan Moody

Start Date

Tenure

Tenure Rank

Jul 16, 2007

14.88

14.9%

Jonathan Moody CFA, Principal and Portfolio Manager, joined The London Company of Virginia, LLC in 2002. He has served as a Portfolio Manager since 2002 and has been a Principal since 2010. Previously, he founded Primary Research Group. Mr. Moody started his career at Woodward and Associates in 1986, followed by analyst/portfolio manager positions at Piedmont Capital and Crestar Asset Management (now Trusco) in 1997 to 1998. Mr. Moody also worked at BB&T Capital Markets from 1999 to 2001. Mr. Moody performed his graduate studies in Biomedical Engineering at the University of North Carolina at Chapel Hill and received his BS in Electrical Engineering from the Virginia Military Institute in 1986. Mr. Moody is a CFA charterholder and a member of the CFA Society Virginia.

Gary Cloud

Start Date

Tenure

Tenure Rank

Jul 16, 2007

14.88

14.9%

Expertise: Manager of institutional fixed income portfolios and mutual funds, senior member of the Fixed Income Investment Committee. Experience: Joined FCI in 2003 after managing a $1.5 billion portfolio of corporate, mortgage, and asset-backed securities for a Kansas City insurance company. Senior Vice President and Portfolio Manager of FCI Advisors and serves as a member of FCI Advisors’ Fixed Income Investment Committee. Began his career in mortgage banking and spent 10 years with Bank One Corporation in consumer lending, asset acquisition, and portfolio management. Education: BA, Bowling Green State University MBA, University of Dayton Chartered Financial Analyst® charterholder Professional/Civic Affiliations: Board Chairman, University Medical Center Research Institute, Inc. Member, CFA Institute Member, CFA Society Kansas City

Peter Greig

Start Date

Tenure

Tenure Rank

Jul 16, 2007

14.88

14.9%

Expertise: Manager of institutional fixed income portfolios, mutual funds, and managed account programs; chair of the Fixed Income Investment Committee; and member of the Asset Allocation Committee Experience: Joined FCI in 1989 as a trader and securities analyst. Senior Vice President and Portfolio Manager of FCI Advisors and chairs FCI Advisors’ Fixed Income Investment Committee. Previous experience included work in the pension fund investment department at Chrysler Corporation. Education: BSBA University of Kansas MBA, Indiana University Chartered Financial Analyst® charterholder Professional/Civic Affiliations: Member, CFA Institute Member, CFA Society Kansas City Board member, Metropolitan Community Service Program

Stephen Goddard

Start Date

Tenure

Tenure Rank

Jul 16, 2007

14.88

14.9%

Stephen M. Goddard, CFA, is Founder, Managing Principal, Chief Investment Officer, Lead Portfolio Manager of The London Company, and heads the firm’s investment committee. Beginning his career as an analyst in 1985 for Scott & Stringfellow, followed by Senior Portfolio Management positions at CFB Advisory in 1988 and Flippin, Bruce & Porter in 1990. A CFA charterholder, member of the CFA Society Virginia, and a former Board member of the Virginia Asset Management Investment Corporation. Mr. Goddard earned his B.A. in Economics from Virginia Military Institute and a MBA from the University of Richmond. Mr. Goddard is a member of the Executive Advisory Council (EAC) of the Robins School of Business at the University of Richmond and also serves as a member of the Virginia Military Institute Foundation Investment Committee.

J. Brian Campbell

Start Date

Tenure

Tenure Rank

Sep 30, 2010

11.67

11.7%

J. Brian Campbell CFA, Co-Lead Portfolio Manager. He has served as Portfolio Manager since he joined The London Company of Virginia, LLC in 2010. Prior to joining The London Company, he was a Portfolio Manager and the Director of Research at Hilliard Lyons Capital Management from 2004 to 2010. He has over 15 years of investment experience.

Mark DeVaul

Start Date

Tenure

Tenure Rank

Jul 31, 2011

10.84

10.8%

Mark E. DeVaul CFA, CPA, Portfolio Manager. He has served as Portfolio Manager since he joined The London Company of Virginia, LLC in 2011. Previously he served as Portfolio Manager at Beacon Capital Management from 2010 to 2011 and Equity Research Analyst at Nuveen Investments from 2002 to 2009. He has over 20 years of investment experience.

Samuel Hutchings

Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

Sam Hutchings, CFA, Principal and Portfolio Manager, is jointly and primarily responsible for the management of the Fund. Prior to joining The London Company in 2015, he worked for FactSet Research Systems as a Senior Consultant and for Eaton Vance Investment Managers as a Research Associate. Mr. Hutchings has over 9 years of experience working in the investment management industry. Mr. Hutchings received his BA from the College of the Holy Cross and his MBA from the Darden School of Business at the University of Virginia. Mr. Hutchings is a CFA charterholder and a member of the CFA Society Virginia.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.39 2.41

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