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Hennessy Equity and Income Institutional HEIIX

Analyst rating as of
NAV / 1-Day Return
13.50  /  2.27 %
Total Assets
91.7 Mil
Adj. Expense Ratio
1.190%
Expense Ratio
1.190%
Fee Level
High
Longest Manager Tenure
14.94 years
Category
Allocation--50% to 70% Equity
Investment Style
Large Blend
Credit Quality / Interest Rate Sensitivity
Status
Open
TTM Yield
0.82%
Turnover
26%

Morningstar’s Analysis

Will HEIIX outperform in future?

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

High costs and a process lacking detail challenge this fund.

Summary

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While Hennessy Equity and Income counts experienced managers, the questionable rationale behind the strategy’s recent structural shift into equities highlight the flaws in its approach. The strategy maintains a Below Average Process rating, resulting in the same Morningstar Analyst Ratings of Neutral and Negative for the respective Institutional and Investor share classes.

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