Hennessy Midstream Fund Institutional Class (HMSIX)

Fund Assets	73.15M
Expense Ratio	1.483%
Min. Investment	$250,000
Turnover	6.00%
Dividend (ttm)	1.03
Dividend Yield	7.60%
Dividend Growth	n/a
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 1, 2026

Previous Close	13.77
YTD Return	17.15%
1-Year Return	22.99%
5-Year Return	131.84%
52-Week Low	11.79
52-Week High	14.72
Beta (5Y)	1.93
Holdings	16
Inception Date	Dec 31, 2013

About HMSIX

The Hennessy Midstream Fund Institutional Class is a mutual fund focused on investing primarily in midstream energy companies. These companies play a critical role in the energy sector by providing transportation, storage, and processing services for oil and natural gas. The fund's main objective is to achieve capital appreciation through distribution growth and the delivery of current income, making it structured to appeal to investors who seek exposure to the infrastructure supporting the energy industry. The fund typically allocates at least 80% of its assets to energy infrastructure master limited partnerships (MLPs) and similar entities, emphasizing core holdings in major pipeline operators and related firms. Its portfolio features concentrated positions in leading companies such as Energy Transfer LP, Enterprise Products Partners L.P., and MPLX LP, among others. The Hennessy Midstream Fund Institutional Class is recognized for its relatively high distribution yield, providing quarterly income distributions and the potential for annual capital gains distributions. By focusing on the midstream segment, the fund occupies a vital niche, offering investors targeted access to the movement and storage backbone of the energy supply chain.

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

Performance

HMSIX had a total return of 22.99% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.75%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
HMSFX	Investor Class	1.76%

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, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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