HEIIX: Hennessy Equity and Income Fund - MutualFunds.com

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Hennessy Equity and Income Institutional

HEIIX - Snapshot

Vitals

  • YTD Return 6.2%
  • 3 Yr Annualized Return 5.6%
  • 5 Yr Annualized Return 6.2%
  • Net Assets $113 M
  • Holdings in Top 10 29.3%

52 WEEK LOW AND HIGH

$15.14
$11.04
$15.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 16.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Compare HEIIX to Popular U.S. Balanced Allocation Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$30.36

-0.16%

$166.16 B

1.32%

$0.40

6.53%

-

$46.18

-0.26%

$104.44 B

2.17%

$1.00

6.45%

-

$43.70

-0.07%

$46.53 B

1.30%

$0.57

11.39%

-

$36.15

0.00%

$40.35 B

1.33%

$0.48

15.79%

-

$27.65

0.00%

$36.20 B

1.44%

$0.40

12.40%

-

HEIIX - Profile

Distributions

  • YTD Total Return 6.2%
  • 3 Yr Annualized Total Return 5.6%
  • 5 Yr Annualized Total Return 6.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hennessy Equity and Income Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    Jun 03, 1997
  • Shares Outstanding
    4334239
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Greig

Fund Description

The fund seeks income and long-term capital appreciation with reduced volatility of returns. It will invest approximately 60% of its assets in equity securities and approximately 40% of its assets in fixed income securities, but this allocation mix may change over time based on the Manager's view of economic and investment conditions and underlying security values. The fund invests primarily in the securities of companies listed on U.S. national securities exchanges, including common stock, preferred stock, convertible securities, and high-quality corporate, agency, and government bonds.


HEIIX - Performance

Return Ranking - Trailing

Period HEIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -40.7% 30.5% 59.72%
1 Yr 4.2% -21.7% 26.7% 59.20%
3 Yr 5.6%* -4.7% 12.9% 42.06%
5 Yr 6.2%* -0.8% 11.3% 55.29%
10 Yr 7.9%* 0.4% 11.8% 34.16%

* Annualized

Return Ranking - Calendar

Period HEIIX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -5.8% 25.7% 93.17%
2018 -12.3% -32.7% 0.0% 58.59%
2017 6.9% -6.5% 22.4% 63.88%
2016 -3.7% -43.7% 23.3% 98.76%
2015 -5.8% -32.5% 2.6% 41.09%

Total Return Ranking - Trailing

Period HEIIX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.2% -40.7% 30.5% 59.72%
1 Yr 4.2% -21.7% 26.7% 49.69%
3 Yr 5.6%* -4.7% 12.9% 37.78%
5 Yr 6.2%* -0.8% 11.3% 50.16%
10 Yr 7.9%* 0.4% 11.8% 32.64%

* Annualized

Total Return Ranking - Calendar

Period HEIIX Return Category Return Low Category Return High Rank in Category (%)
2019 7.5% -5.8% 25.7% 93.17%
2018 -11.0% -32.7% 0.8% 73.19%
2017 13.9% -3.7% 31.9% 39.52%
2016 6.3% -43.7% 23.3% 46.63%
2015 -2.3% -32.5% 5.6% 49.81%

NAV & Total Return History


HEIIX - Holdings

Concentration Analysis

HEIIX Category Low Category High HEIIX % Rank
Net Assets 113 M 716 K 166 B 80.91%
Number of Holdings 165 2 14317 44.83%
Net Assets in Top 10 34.3 M 654 K 30 B 85.16%
Weighting of Top 10 29.32% 9.3% 100.0% 57.59%

Top 10 Holdings

  1. Apple Inc 4.37%
  2. Berkshire Hathaway Inc Class B 4.10%
  3. Alphabet Inc Class C 3.25%
  4. FedEx Corp 2.75%
  5. Visa Inc Class A 2.74%
  6. The Home Depot Inc 2.56%
  7. Nestle SA ADR 2.46%
  8. Air Products & Chemicals Inc 2.38%
  9. Texas Instruments Inc 2.37%
  10. Norfolk Southern Corp 2.34%

Asset Allocation

Weighting Return Low Return High HEIIX % Rank
Stocks
61.90% 0.00% 134.22% 35.33%
Bonds
33.22% -2.18% 97.64% 51.80%
Preferred Stocks
3.32% 0.00% 28.13% 3.30%
Cash
1.56% -34.22% 89.35% 78.56%
Other
0.00% -3.55% 30.21% 69.27%
Convertible Bonds
0.00% 0.00% 26.75% 95.95%

Stock Sector Breakdown

Weighting Return Low Return High HEIIX % Rank
Financial Services
21.53% 0.00% 100.00% 4.80%
Technology
16.41% 0.00% 48.90% 77.21%
Consumer Cyclical
13.46% 0.00% 24.29% 11.54%
Communication Services
10.66% 0.00% 43.64% 16.34%
Consumer Defense
9.41% 0.00% 17.85% 19.04%
Basic Materials
8.96% 0.00% 30.87% 3.60%
Industrials
8.23% 0.00% 35.09% 81.86%
Healthcare
7.19% 0.00% 36.21% 94.00%
Real Estate
3.89% 0.00% 100.00% 35.08%
Energy
0.25% 0.00% 90.89% 91.90%
Utilities
0.00% 0.00% 100.00% 95.80%

Stock Geographic Breakdown

Weighting Return Low Return High HEIIX % Rank
US
59.40% 0.13% 131.11% 14.54%
Non US
2.50% 0.00% 39.23% 84.86%

Bond Sector Breakdown

Weighting Return Low Return High HEIIX % Rank
Corporate
61.51% 0.00% 99.06% 13.34%
Government
17.63% 0.00% 99.53% 67.77%
Securitized
16.77% 0.00% 59.07% 64.02%
Cash & Equivalents
4.10% 0.08% 100.00% 83.81%
Derivative
0.00% 0.00% 32.58% 58.47%
Municipal
0.00% 0.00% 24.46% 82.01%

Bond Geographic Breakdown

Weighting Return Low Return High HEIIX % Rank
US
29.01% -6.66% 74.69% 49.78%
Non US
4.21% -7.18% 73.06% 39.58%

HEIIX - Expenses

Operational Fees

HEIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.01% 4.93% 32.29%
Management Fee 0.80% 0.00% 1.75% 89.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% 58.65%

Sales Fees

HEIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HEIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

HEIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 484.00% 26.62%

HEIIX - Distributions

Dividend Yield Analysis

HEIIX Category Low Category High HEIIX % Rank
Dividend Yield 0.00% 0.00% 8.76% 38.34%

Dividend Distribution Analysis

HEIIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

HEIIX Category Low Category High HEIIX % Rank
Net Income Ratio 1.53% -0.99% 11.02% 61.17%

Capital Gain Distribution Analysis

HEIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

HEIIX - Fund Manager Analysis

Managers

Peter Greig


Start Date

Tenure

Tenure Rank

Jul 16, 2007

13.3

13.3%

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

Jonathan Moody


Start Date

Tenure

Tenure Rank

Jul 16, 2007

13.3

13.3%

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.

Stephen Goddard


Start Date

Tenure

Tenure Rank

Jul 16, 2007

13.3

13.3%

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.

Gary Cloud


Start Date

Tenure

Tenure Rank

Jul 16, 2007

13.3

13.3%

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

J. Brian Campbell


Start Date

Tenure

Tenure Rank

Sep 30, 2010

10.09

10.1%

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

9.26

9.3%

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

0.67

0.7%

Mr. Hutchings has over 7 years of experience working in the investment management industry. Prior to joining The London Company, he worked for FactSet Research Systems as a Senior Consultant and for Eaton Vance Investment Managers as a Research Associate. 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
0.03 36.86 6.24 0.83
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