Hennessy Equity and Income Fund Institutional Class (HEIIX)
| Fund Assets | 43.10M |
| Expense Ratio | 1.55% |
| Min. Investment | $250,000 |
| Turnover | 27.00% |
| Dividend (ttm) | 1.68 |
| Dividend Yield | 13.46% |
| Dividend Growth | -8.46% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 12.47 |
| YTD Return | 0.56% |
| 1-Year Return | 5.59% |
| 5-Year Return | 29.22% |
| 52-Week Low | 12.18 |
| 52-Week High | 13.91 |
| Beta (5Y) | 0.65 |
| Holdings | 96 |
| Inception Date | Jun 3, 1997 |
About HEIIX
The Hennessy Equity and Income Fund Institutional Class is a balanced mutual fund designed to provide both income and long-term capital appreciation with a lower volatility profile. The fund typically allocates up to 70% of its assets to large-cap, value-oriented equities, while the remaining portion is invested in high-quality fixed-income securities such as U.S. Treasuries, agencies, and corporate bonds. This blend of assets is intended to allow participation in equity market upside while mitigating downside risk through steady income from fixed-income holdings. Managed by dedicated teams specializing in both equity and fixed income, the fund employs proprietary research models to select stocks known for high returns on capital, stable free cash flow, and conservative valuations. Its bond holdings emphasize intermediate-term, low-duration securities with a preference for investment-grade credit quality, though select non-investment-grade issues may be included to enhance yields. By maintaining a diversified yet concentrated portfolio, the fund targets investors seeking a moderate allocation approach that balances growth with income, and it plays an important role for institutions or individuals aiming to reduce overall portfolio volatility without foregoing growth potential.
Performance
HEIIX had a total return of 5.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.39%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| HEIFX | Investor Class | 1.18% |
Top 10 Holdings
37.63% of assets| Name | Symbol | Weight |
|---|---|---|
| Alphabet Inc. | GOOG | 6.85% |
| Apple Inc. | AAPL | 4.78% |
| Berkshire Hathaway Inc. | BRK.B | 4.72% |
| Norfolk Southern Corporation | NSC | 3.65% |
| Visa Inc. | V | 3.09% |
| The Progressive Corporation | PGR | 3.07% |
| Republic Services, Inc. | RSG | 2.92% |
| The Charles Schwab Corporation | SCHW | 2.92% |
| BlackRock, Inc. | BLK | 2.82% |
| Chubb Limited | CB | 2.81% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.05267 | Mar 31, 2026 |
| Dec 29, 2025 | $0.02088 | Dec 29, 2025 |
| Dec 4, 2025 | $1.42582 | Dec 4, 2025 |
| Sep 30, 2025 | $0.02402 | Sep 30, 2025 |
| Jun 30, 2025 | $0.03479 | Jun 30, 2025 |
| Mar 31, 2025 | $0.03725 | Mar 31, 2025 |