Relative to industry standards, Hennessy Equity and Income lacks the attention to risk management and nuanced insight that builds confidence in a concentrated portfolio, such as the one on offer here. This results in a downgrade to the People Pillar rating and contributes to a Morningstar Medalist Rating of Negative across its two share classes.
Hennessy Equity and Income Institutional HEIIX
- NAV / 1-Day Return 13.55 / −0.37 %
- Total Assets 65.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.210%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Moderate Allocation
- Investment Style Large Blend
- Credit Quality / Interest Rate Sensitivity —
- Status Open
- TTM Yield 0.97%
- Turnover 11%
USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0
Morningstar’s Analysis HEIIX
Will HEIIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 33.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Berkshire Hathaway Inc Class B | 4.83 | 3.3 Mil | Financial Services |
Alphabet Inc Class C | 4.27 | 3.0 Mil | Communication Services |
Martin Marietta Materials Inc | 3.69 | 2.6 Mil | Basic Materials |
Apple Inc | 3.52 | 2.4 Mil | Technology |
Progressive Corp | 3.25 | 2.2 Mil | Financial Services |
BlackRock Inc | 3.20 | 2.2 Mil | Financial Services |
Visa Inc Class A | 2.86 | 2.0 Mil | Financial Services |
Fiserv Inc | 2.69 | 1.9 Mil | Technology |
The Home Depot Inc | 2.65 | 1.8 Mil | Consumer Cyclical |
NewMarket Corp | 2.65 | 1.8 Mil | Basic Materials |