Hennessy Midstream Fund (HMSIX)
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in midstream energy infrastructure companies. It invests primarily in master limited partnerships ("MLPs") and common stocks without regard to market capitalization. In addition to the aforementioned principal strategies, the fund may also invest in preferred stocks, warrants, options, equity-like instruments, and debt instruments. It is non-diversified.
Fund Info
| ISIN | US42588P7188 |
|---|---|
| CUSIP | 42588P718 |
| Issuer | Hennessy |
| Inception Date | Dec 30, 2013 |
| Category | Energy Equities |
| Min. Investment | $250,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Value |
Expense Ratio
HMSIX has a high expense ratio of 1.51%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: HMSIX vs. AMLP, HMSIX vs. ENFR, HMSIX vs. MLPX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Midstream 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 Midstream Fund had a return of 22.09% year-to-date (YTD) and 26.31% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 22.09% | 18.13% |
| 1 month | 2.46% | 1.45% |
| 6 months | 8.96% | 8.81% |
| 1 year | 26.31% | 26.52% |
| 5 years (annualized) | 12.27% | 13.43% |
| 10 years (annualized) | N/A | 10.88% |
Monthly Returns
The table below presents the monthly returns of HMSIX, 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 | 1.60% | 5.38% | 7.36% | -0.17% | -0.34% | 2.99% | 1.84% | 1.07% | 22.09% | ||||
| 2023 | 5.68% | -2.29% | -1.07% | 2.43% | -0.52% | 7.12% | 5.98% | 0.47% | 0.26% | -0.29% | 5.85% | -1.51% | 23.75% |
| 2022 | 10.53% | 4.98% | 5.83% | -1.43% | 6.13% | -14.39% | 13.15% | 2.59% | -9.68% | 13.91% | 3.13% | -4.64% | 29.15% |
| 2021 | 3.98% | 7.51% | 5.83% | 5.80% | 7.80% | 5.22% | -5.75% | -1.76% | 3.91% | 5.58% | -6.52% | 1.33% | 36.59% |
| 2020 | -5.30% | -11.47% | -44.22% | 39.61% | 6.54% | -7.19% | -4.80% | 0.15% | -12.28% | 2.90% | 20.77% | 2.84% | -31.00% |
| 2019 | 15.22% | -0.24% | 4.24% | -1.31% | -3.91% | 2.22% | -0.57% | -3.68% | 1.09% | -4.72% | -3.07% | 7.89% | 12.05% |
| 2018 | 1.90% | -1.71% | -10.70% | -10.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HMSIX is 73, 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 Midstream Fund (HMSIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Midstream Fund granted a 8.49% dividend yield in the last twelve months. The annual payout for that period amounted to $1.03 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $1.03 | $1.03 | $1.03 | $1.03 | $1.03 | $1.03 | $0.26 |
Dividend yield | 8.49% | 9.70% | 10.84% | 12.61% | 15.17% | 9.10% | 2.33% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Midstream 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 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.77 | |||
| 2023 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2022 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2021 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2020 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2019 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $1.03 |
| 2018 | $0.26 | $0.26 |
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 Midstream 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 Midstream Fund was 67.21%, occurring on Mar 18, 2020. Recovery took 476 trading sessions.
The current Hennessy Midstream Fund drawdown is 0.18%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -67.21% | Apr 2, 2019 | 243 | Mar 18, 2020 | 476 | Feb 4, 2022 | 719 |
| -21.17% | Jun 8, 2022 | 19 | Jul 6, 2022 | 103 | Nov 30, 2022 | 122 |
| -18.89% | Nov 9, 2018 | 30 | Dec 24, 2018 | 28 | Feb 5, 2019 | 58 |
| -10.48% | Feb 16, 2023 | 25 | Mar 23, 2023 | 49 | Jun 2, 2023 | 74 |
| -9.35% | Apr 21, 2022 | 15 | May 11, 2022 | 14 | Jun 1, 2022 | 29 |
Volatility
Volatility Chart
The current Hennessy Midstream Fund volatility is 3.86%, 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.