About HEIFX
The Hennessy Equity and Income Fund Investor Class is a balanced mutual fund that focuses on delivering a combination of income and long-term capital appreciation with an emphasis on reduced volatility. The fund strategically allocates up to 70% of its assets to large-cap, value-oriented equities, while the remainder is invested in high-quality fixed-income securities, including primarily Treasuries, agencies, and top-tier corporate bonds. Its investment approach utilizes a research-driven process, focusing on companies with high returns on capital, consistent free cash flow, and attractive valuations, maintaining a concentrated portfolio with low turnover.
For the fixed-income allocation, the fund targets securities with low duration and intermediate terms, and it manages sector exposure and credit quality—typically averaging an ‘A’ rating by Moody’s. The fund is sub-advised by experienced institutional managers: The London Company oversees the equity allocation and FCI Advisors manages the fixed income side. Its portfolio is designed to participate in equity market growth while seeking to dampen downside risk, positioning it within the moderate allocation category. This structure makes the fund significant for investors seeking diversification, risk management, and access to institutional portfolio management within a single investment vehicle.
Fund Family Hennessy
Category Allocation--50% to 70% Equity
Performance Rating Below Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol HEIFX
Share Class Institutional Class
Index S&P 500 TR
HEIFX had a total return of 6.98% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.87%.
