Hennessy Equity and Income Fund (HEIIX)
The fund seeks income and long-term capital appreciation with reduced volatility of returns. It will invest up to 70% of its assets in equity securities and its remaining assets in fixed income securities. The fund invests primarily in domestic companies whose securities are listed on U.S. national securities exchanges.
Fund Info
ISIN | US42588P8178 |
---|---|
CUSIP | 42588P817 |
Issuer | Hennessy |
Inception Date | Jun 2, 1997 |
Category | Diversified Portfolio |
Min. Investment | $250,000 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
HEIIX has a high expense ratio of 1.13%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Equity and Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Hennessy Equity and Income Fund had a return of 9.93% year-to-date (YTD) and 14.12% in the last 12 months. Over the past 10 years, Hennessy Equity and Income Fund had an annualized return of 5.53%, while the S&P 500 had an annualized return of 10.85%, indicating that Hennessy Equity and Income Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 9.93% | 17.79% |
1 month | 1.68% | 0.18% |
6 months | 5.25% | 7.53% |
1 year | 14.12% | 26.42% |
5 years (annualized) | 7.10% | 13.48% |
10 years (annualized) | 5.53% | 10.85% |
Monthly Returns
The table below presents the monthly returns of HEIIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -0.08% | 2.72% | 2.58% | -3.66% | 1.79% | 0.60% | 3.50% | 2.61% | 9.93% | ||||
2023 | 3.50% | -2.28% | 1.17% | 1.86% | -1.61% | 4.74% | 1.92% | -1.12% | -3.85% | -2.51% | 6.05% | 3.10% | 10.95% |
2022 | -3.36% | -3.87% | 1.28% | -6.07% | 0.50% | -5.29% | 5.75% | -3.22% | -6.31% | 4.51% | 5.38% | -2.74% | -13.60% |
2021 | -0.90% | 1.53% | 5.02% | 3.00% | 0.57% | 0.40% | 1.13% | 1.12% | -3.62% | 3.77% | -0.55% | 4.73% | 17.08% |
2020 | 0.28% | -5.95% | -9.56% | 7.53% | 3.70% | 1.06% | 4.06% | 4.61% | -1.78% | -1.59% | 6.12% | 1.89% | 9.35% |
2019 | 3.77% | 2.33% | 1.63% | 2.60% | -3.77% | 3.33% | 1.04% | -0.68% | 1.27% | 1.09% | 1.82% | 1.19% | 16.54% |
2018 | 2.71% | -2.58% | -1.38% | -1.15% | 1.29% | 0.06% | 2.76% | 1.97% | 0.58% | -4.17% | 1.01% | -11.75% | -10.99% |
2017 | 1.34% | 2.58% | -0.61% | 0.82% | 1.09% | 0.15% | 0.81% | 0.34% | 1.90% | 0.72% | 2.22% | 1.77% | 13.90% |
2016 | -3.06% | -0.14% | 4.07% | 0.88% | 0.60% | 0.41% | 2.20% | -0.46% | -1.28% | -1.60% | 3.18% | 1.52% | 6.28% |
2015 | -1.09% | 2.98% | -1.34% | -0.00% | 0.90% | -1.66% | 0.32% | -3.87% | -1.48% | 4.37% | 0.33% | -1.47% | -2.26% |
2014 | -2.10% | 2.98% | 1.38% | 0.33% | 1.86% | 1.56% | -1.35% | 2.61% | -0.83% | 1.80% | 2.41% | 0.48% | 11.56% |
2013 | 2.25% | 1.54% | 2.49% | 1.69% | 0.90% | -1.70% | 2.46% | -1.92% | 1.53% | 3.31% | 1.07% | 0.92% | 15.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HEIIX is 47, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hennessy Equity and Income Fund (HEIIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Equity and Income Fund granted a 8.82% dividend yield in the last twelve months. The annual payout for that period amounted to $1.28 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $1.28 | $1.29 | $0.50 | $1.17 | $1.02 | $1.17 | $0.22 | $0.97 | $1.46 | $0.56 | $0.81 | $0.69 |
Dividend yield | 8.82% | 9.71% | 3.78% | 7.42% | 7.01% | 8.25% | 1.63% | 6.44% | 10.31% | 3.83% | 5.20% | 4.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Equity and Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.07 | |||
2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.17 | $1.29 |
2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.39 | $0.50 |
2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $1.07 | $1.17 |
2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.85 | $1.02 |
2019 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.99 | $1.17 |
2018 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.22 |
2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.84 | $0.97 |
2016 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $1.31 | $1.46 |
2015 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.42 | $0.56 |
2014 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.66 | $0.81 |
2013 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.55 | $0.69 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Hennessy Equity and Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hennessy Equity and Income Fund was 45.92%, occurring on Mar 9, 2009. Recovery took 795 trading sessions.
The current Hennessy Equity and Income Fund drawdown is 0.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-45.92% | Dec 11, 2007 | 311 | Mar 9, 2009 | 795 | May 2, 2012 | 1106 |
-30.6% | Jun 8, 2001 | 332 | Oct 9, 2002 | 306 | Dec 29, 2003 | 638 |
-24.12% | Jan 21, 2020 | 44 | Mar 23, 2020 | 97 | Aug 10, 2020 | 141 |
-19.66% | Jan 5, 2022 | 196 | Oct 14, 2022 | 359 | Mar 21, 2024 | 555 |
-18.45% | Sep 24, 2018 | 64 | Dec 24, 2018 | 267 | Jan 16, 2020 | 331 |
Volatility
Volatility Chart
The current Hennessy Equity and Income Fund volatility is 2.06%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.