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Morningstar

Hennessy Equity and Income Institutional HEIIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Hennessy Investment Hub

Morningstar’s Analysis HEIIX

Will HEIIX outperform in future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HEIIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HEIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of HEIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

This fund has flaws and a high price tag.

Associate Analyst Spencer Brown

Spencer Brown

Associate Analyst

Summary

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.

by Spencer Brown
Rated on Published on

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