Hennessy Midstream Fund Investor Class (HMSFX)

Fund Assets	73.15M
Expense Ratio	1.728%
Min. Investment	$2,500
Turnover	6.00%
Dividend (ttm)	1.03
Dividend Yield	7.88%
Dividend Growth	n/a
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 1, 2026

Previous Close	12.76
YTD Return	16.81%
1-Year Return	21.47%
5-Year Return	126.84%
52-Week Low	11.18
52-Week High	13.90
Beta (5Y)	1.93
Holdings	16
Inception Date	Dec 31, 2013

About HMSFX

The Hennessy Midstream Fund Investor Class is a mutual fund focused on capital appreciation through both distribution growth and current income. This fund primarily invests at least 80% of its assets in midstream energy infrastructure companies—core businesses involved in the transportation, storage, and processing of oil and natural gas. The majority of its portfolio consists of master limited partnerships (MLPs) and common stocks, with additional allocations to preferred stocks, warrants, and debt instruments. The fund employs a concentrated, actively managed approach, leveraging in-depth sector research to target companies showing stable cash flows and strong balance sheets. It aims for limited commodity price exposure and a "demand-pull" bias, favoring firms benefiting from ongoing energy infrastructure expansion in the United States. With a high allocation to oil and gas storage and transportation, the Hennessy Midstream Fund serves investors seeking access to the U.S. midstream energy sector while potentially capturing a substantial and consistent income stream. The fund is non-diversified, reflecting its specialist focus within the broader energy industry.

• Fund Family: Hennessy
• Category: Energy Limited Partnership
• Performance Rating: Below Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: HMSFX
• Share Class: Investor Class
• Index: Alerian MLP TR

Performance

HMSFX had a total return of 21.47% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.46%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
HMSIX	Institutional Class	1.45%

Top 10 Holdings

80.67% of assets

Name	Symbol	Weight
Enterprise Products Partners L.P.	EPD	11.71%
Energy Transfer LP	ET	11.46%
MPLX LP	MPLX	10.40%
Plains All American Pipeline, L.P.	PAA	10.20%
Antero Midstream Corporation	AM	7.41%
The Williams Companies, Inc.	WMB	7.09%
ONEOK, Inc.	OKE	6.84%
Western Midstream Partners, LP	WES	5.48%
First American Treasury Obligs X	FXFXX	5.04%
First American Government Obligs X	FGXXX	5.04%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 1, 2026	$0.2575	Sep 1, 2026
Jun 1, 2026	$0.2575	Jun 1, 2026
Mar 2, 2026	$0.2575	Mar 2, 2026
Dec 1, 2025	$0.2575	Dec 1, 2025
Sep 2, 2025	$0.2575	Sep 2, 2025
Jun 2, 2025	$0.2575	Jun 2, 2025

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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