Hennessy Equity and Income Investor
HEIFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Maury Tognarelli
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Novato CA 94945 Chicago IL United States of America 60606
- IPO Date
- Sep 24, 2001
- CIK
- 0000891944
- Website
- heitman.com
- Similar Companies
- Business
- Hennessy Equity and Income Fund Investor Class (HEIFX) is an actively managed balanced mutual fund that seeks long-term capital growth and current income with reduced volatility through a portfolio consisting of up to 70% large-cap value-oriented equity securities and the remainder in high-quality fixed-income securities; the equity portion emphasizes high return on capital, consistent free cash flow generation, earnings yield, and conservative valuations via a proprietary Balance Sheet Optimization model, while the fixed-income allocation targets low-duration intermediate-term securities including U.S. Treasuries, agencies, investment-grade corporate bonds (average credit quality A by Moody's), and select non-investment grade obligations for yield enhancement. The fund offers Investor Class shares (HEIFX, inception September 24, 2001) and Institutional Class shares (HEIIX, inception June 3, 1997), with total assets of approximately $47 million as of September 30, 2025, quarterly income distributions, an annual capital gains distribution typically in December, portfolio turnover of 29%, median market cap of $103.6 billion, effective duration of 3.8 years, and a gross expense ratio of 1.55% for the Investor Class. Sub-advised by The London Company for equities (Richmond, VA, since 1994) and FCI Advisors for fixed income (Kansas City, MO, since 1966), the fund operates within the Hennessy Funds family managed by Hennessy Advisors, Inc., founded in 1989 and headquartered in Novato, California, with additional offices in Boston, Massachusetts; Chapel Hill, North Carolina; Austin, Texas; and Dallas, Texas. As of September 30, 2025, the portfolio allocation stands at 69.3% equities (primarily U.S.-focused across financials 22.8%, information technology 10.9%, industrials 8.9%, and materials 8.1%; top holdings include Alphabet Inc. 5.9%, Berkshire Hathaway Inc. 4.7%, and Apple Inc. 4.5%), 29.9% fixed income (primarily Aa/AA 51.6% and A 21.7% rated), and 0.8% cash equivalents, serving retail investors, financial advisors, and institutions seeking moderate allocation strategies with downside protection. The fund traces its roots to the 2012 acquisition of FBR Funds by Hennessy Advisors, which integrated predecessor FBR assets (performance prior to October 26, 2012 reflects that of the predecessor); more recently, Hennessy Advisors has pursued strategic growth through asset purchases including the CCM Core Impact Equity Fund merger into the Hennessy Stance ESG ETF in 2024 and a definitive agreement signed in March 2025 with STF Management, LP to acquire assets of the STF Tactical Growth & Income ETF and STF Tactical Growth ETF for reorganization into new Hennessy ETF series.