Hennessy Midstream Fund Institutional Class (HMSIX) Fund Details & Analysis

Fund Information

Fund Category Energy Limited Partnership

Fund Family Hennessy

Fund Style Large

ISIN US42588P7188

CUSIP 42588P718

Inception Date 2013-12-31

Domicile United States

Country USA

Fiscal Year End October

NAV Chart

Fund Metrics

Net Assets $72.34 Million

Share Class Net Assets $46.33 Million

Expense Ratio 1.50%

Expense Ratio Date 2025-02-28

Dividend Yield 0.08%

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Performance

YTD Return 5.31%

1-Year Return -4.25%

3-Year Return 18.75%

5-Year Return 23.65%

NAV $12.88

Previous Close Price $12.88

Last Update 2025-12-31

Dividend Information

Dividend Yield 0.08%

Dividend (ttm) 0.17

Dividend Growth -58.12%

Payout Frequency Annual

Ex-Dividend Date n/a

Ratings

Morning Star Rating -

Morning Star Risk Rating -

Morning Star Category -

Beta (5Y) 1.23

About Hennessy Midstream Fund Institutional Class

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.

Detailed Metrics

Market Cap Distribution

AverageMarketCap 36342.17%

Giant 0.00%

Large 3.92%

Medium 67.02%

Micro 0.00%

Small 20.30%

Value & Growth Metrics

Book-Value Growth % 3.29%

Cash-Flow Growth % 5.23%

Dividend Yield % 6.68%

Historical Earnings % 7.37%

Long-Term Earnings % 8.40%

Asset Allocation

Type	Net %	Long %	Short %	Category Average	benchmark
Bond	0.00%	0.00%	0.00%	0.02%	0.00%
Cash	8.77%	8.77%	0.00%	1.21%	0.00%
Non US Stock	3.92%	3.92%	0.00%	12.77%	0.15%
Not Classified	0.00%	0.00%	0.00%	0.09%	0.00%
Other	0.00%	0.00%	0.00%	0.05%	0.00%
US Stock	87.31%	87.31%	0.00%	88.62%	99.85%

Top Holdings

Name	Weight	Owned	Change
Energy Transfer LP	13.77%	-	-
Plains All American Pipeline LP	10.15%	-	-
Enterprise Products Partners LP	13.44%	-	-
MPLX LP	12.83%	-	-
ONEOK Inc	7.09%	-	-
Antero Midstream Corp	8.35%	-	-
Western Midstream Partners LP	6.32%	-	-
Williams Cos Inc/The	7.43%	-	-
First American Government Obligations Fund	5.52%	-	-
EQT Corp	5.01%	-	-
First American Treasury Obligations Fund	4.80%	-	-

See the full breakdown of HMSIX fund's asset allocation and top holdings .

Sector Weights

Category	Subcategory	Amount %	Category Avg	Stocks %	Benchmark
Bond Sector	Cash and Equivalents	0.00%	90.41%	100.00%	0.00%
Bond Sector	Corporate	0.00%	8.24%	0.00%	0.00%
Bond Sector	Derivative	0.00%	0.25%	0.00%	0.00%
Bond Sector	Government	0.00%	1.10%	0.00%	0.00%
Bond Sector	Municipal	0.00%	0.00%	0.00%	0.00%
Bond Sector	Securitized	0.00%	0.00%	0.00%	0.00%
Cyclical	Basic Materials	0.00%	0.49%	0.00%	0.00%
Cyclical	Consumer Cyclical	0.00%	0.23%	0.00%	0.00%
Cyclical	Financial Services	0.00%	0.02%	0.00%	0.00%
Cyclical	Real Estate	0.00%	0.01%	0.00%	0.00%
Defensive	Consumer Defensive	0.00%	0.00%	0.00%	0.00%
Defensive	Healthcare	0.00%	0.00%	0.00%	0.00%
Defensive	Utilities	0.00%	6.61%	0.00%	3.24%
Sensitive	Communication Services	0.00%	0.00%	0.00%	0.00%
Sensitive	Energy	100.00%	91.91%	0.00%	96.61%
Sensitive	Industrials	0.00%	0.67%	0.00%	0.15%
Sensitive	Technology	0.00%	0.06%	0.00%	0.00%

World Regions

Region	Subregion	Category Average	Stocks Percent	Benchmark
Americas	Latin America	-	-	-
Americas	North America	99.76%	100.00%	99.85%
Greater Asia	Asia Developed	-	-	-
Greater Asia	Asia Emerging	-	-	-
Greater Asia	Australasia	-	-	-
Greater Asia	Japan	-	-	-
Greater Europe	Africa/Middle East	0.11%	-	-
Greater Europe	Europe Developed	0.08%	-	0.15%
Greater Europe	Europe Emerging	-	-	-
Greater Europe	United Kingdom	0.05%	-	-

Dividend History

Date	Amount	Unadjusted Amount	Currency	Declaration Date	Record Date	Payment Date	Period
2024-12-02	$0.258	$0.258	USD	-	-	-	-
2024-09-03	$0.258	$0.258	USD	-	2024-08-30	2024-09-03	Quarterly
2024-06-03	$0.258	$0.258	USD	-	2024-05-31	2024-06-03	Quarterly
2024-03-01	$0.258	$0.258	USD	-	2024-02-29	2024-03-01	Quarterly
2023-12-01	$0.258	$0.258	USD	-	2023-11-30	2023-12-01	Quarterly
2023-09-01	$0.258	$0.258	USD	-	2023-08-31	2023-09-01	Quarterly
2023-06-01	$0.258	$0.258	USD	-	2023-05-31	2023-06-01	Quarterly
2023-03-01	$0.258	$0.258	USD	-	2023-02-28	2023-03-01	Quarterly
2022-12-01	$0.258	$0.258	USD	2022-12-01	2022-11-30	2022-12-01	Quarterly
2022-09-01	$0.258	$0.258	USD	2022-09-01	2022-08-31	2022-09-01	Quarterly
2022-06-01	$0.258	$0.258	USD	2022-06-01	2022-05-31	2022-06-01	Quarterly
2022-03-01	$0.258	$0.258	USD	2022-03-01	2022-02-28	2022-03-01	Quarterly
2021-12-01	$0.258	$0.258	USD	2021-12-01	2021-11-30	2021-12-01	Quarterly
2021-09-01	$0.258	$0.258	USD	2021-09-01	2021-08-31	2021-09-01	Quarterly
2021-06-01	$0.258	$0.258	USD	2021-06-01	2021-05-28	2021-06-01	Quarterly
2021-03-01	$0.258	$0.258	USD	2021-03-01	2021-02-26	2021-03-01	Quarterly
2020-12-01	$0.258	$0.258	USD	2020-12-01	2020-11-30	2020-12-01	Quarterly
2020-09-01	$0.258	$0.258	USD	2020-09-01	2020-08-31	2020-09-01	Quarterly
2020-06-01	$0.258	$0.258	USD	2020-06-01	2020-05-29	2020-06-01	Quarterly
2020-03-02	$0.258	$0.258	USD	2020-03-02	2020-02-28	2020-03-02	Quarterly
2019-12-02	$0.258	$0.258	USD	2019-12-02	2019-11-29	2019-12-02	Quarterly
2019-09-03	$0.258	$0.258	USD	2019-09-03	2019-08-30	2019-09-03	Quarterly
2019-06-03	$0.258	$0.258	USD	2019-06-03	2019-05-31	2019-06-03	Quarterly
2019-03-01	$0.258	$0.258	USD	2019-03-01	2019-02-28	2019-03-01	Quarterly
2018-12-03	$0.258	$0.258	USD	2018-12-03	2018-11-30	2018-12-03	Other

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Hennessy Midstream Fund Institutional Class NMFQS:HMSIX