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Hennessy Equity and Income Investor HEIFX

Analyst rating as of
NAV / 1-Day Return
16.16  /  0.68 %
Total Assets
117.0 Mil
Adj. Expense Ratio
1.560%
Expense Ratio
1.560%
Fee Level
High
Longest Manager Tenure
14.52 years
Category
Allocation--50% to 70% Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Status
Open
TTM Yield
0.47%
Turnover
26%
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Morningstar’s Analysis

Will HEIFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A recent change to this high-cost allocation fund doesn’t improve its prospects.

Summary

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Hennessy Equity and Income transitioned from its traditional 60/40 stock/bond mix to a 70/30 construction beginning in 2021. The shift in the fund’s historically consistent balanced allocation lacked a compelling long-term investment rationale. The fund’s Process rating has been downgraded to Below Average from Average, resulting in a Morningstar Analyst Rating of Neutral for its institutional shares but Negative for the investor shares, down from Neutral.

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