Hennessy Midstream Fund Investor Class
HMSFX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7250 Redwood Boulevard Novato CA United States of America 94945
- IPO Date
- Oct 29, 2018
- CIK
- 0000891944
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Midstream Fund Investor Class (HMSFX) is an actively managed open-end mutual fund that seeks capital appreciation through distribution growth and current income by investing primarily in securities of midstream energy infrastructure companies. The Fund, a series of Hennessy Funds Trust managed by Hennessy Advisors, Inc., allocates at least 80% of its net assets to issuers that own and operate assets used in energy logistics, including the transportation, storage, gathering, processing, distribution, or marketing of natural gas, natural gas liquids, crude oil, refined products, coal, or electricity; investments consist primarily of master limited partnerships (MLPs) and common stocks listed on U.S. national securities exchanges, with non-principal holdings that may include preferred stocks, warrants, equity-like instruments, debt instruments, and up to 10% in high-yield ("junk") securities. As of September 30, 2025, the Fund's concentrated portfolio of 14 holdings features top allocations to Energy Transfer LP (13.08%), Enterprise Products Partners LP (12.73%), and MPLX LP (11.77%), with sub-industry weightings of 56.6% natural gas/NGL transportation, 21.7% gathering and processing, 21.6% crude oil and refined products, and 96.6% overall in oil & gas storage and transportation; it maintains low portfolio turnover of 5%, total net assets of approximately $76 million, and a distribution rate of 8.55% for the Investor Class with quarterly payouts of $0.2575 per share as of December 1, 2025. Launched on December 31, 2013, with performance history incorporating the predecessor BP Capital TwinLine MLP Fund through a reorganization on October 26, 2018, the Fund is headquartered in Novato, California, alongside Hennessy Advisors' operations in Boston, Massachusetts; Chapel Hill, North Carolina; Austin and Dallas, Texas. Geographically, it focuses on U.S.-listed securities with 95.6% U.S. exposure and 4.3% international (primarily Canada), targeting investors seeking energy sector income and growth amid U.S. production and demand trends; the Investor Class (HMSFX) carries a net expense ratio of 1.75% after reimbursements through February 28, 2026, with a minimum initial investment of $2,500. Recent developments include sustained quarterly distributions at $0.2575 per share through December 2025, portfolio manager continuity with Benton Cook, CFA (since June 2017) and L. Joshua Wein, CAIA (since January 2022), and Hennessy Funds' ongoing strategic acquisitions expanding its ETF and mutual fund offerings across equity, multi-asset, sector, and specialty categories as of 2025.