HMSIX – Hennessy Midstream Institutional Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation through distribution growth and current income. Under normal circumstances, the fund invests at least 80% of its net assets in midstream energy infrastructure companies. Investments consist primarily of master limited partnerships (“MLPs”) and common stocks. The fund may also invest in securities such as preferred stocks, warrants, equity-like instruments, and debt instruments. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HMSFX	Hennessy Midstream Fund Investor Class	No Load	Open			Dec 31, 2013	$28.42M	1.760%	High	$2,500	−$3.61M
HMSIX	Hennessy Midstream Fund Institutional Class	Institutional	Open			Dec 31, 2013	$46.05M	1.450%	High	$250,000	−$9.61M

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