# Miller/Howard High Income Equity Fund (HIE): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hie for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 2014-11-26 The Miller/Howard High Income Equity Fund, overseen by Miller Howard Investments, Inc., functions as a closed-end mutual fund focused on equity investments. It primarily directs its capital towards publicly traded companies within the United States. The fund's investment objective is to choose stocks from a wide range of industries, specifically seeking out businesses that demonstrate both strong growth prospects and generous dividend payouts. To construct its portfolio, the fund employs a meticulous bottom-up stock selection methodology, integrating both fundamental and technical analysis.... ## Key Facts | Metric | Value | |---|---| | Price | $12.56 | | Expense Ratio | — | | Market Value | $234.8M | | NAV | Not on file (no daily NAV for closed-end funds) | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $12.56 – $12.56 | | Beta | 1.23 | ## Latest Distribution - Amount: $0.0510 /share - Ex-date: 2024-10-24 - Pay date: 2024-10-31 ## Frequently Asked Questions ### What does HIE invest in? The Miller/Howard High Income Equity Fund, overseen by Miller Howard Investments, Inc., functions as a closed-end mutual fund focused on equity investments. It primarily directs its capital towards publicly traded companies within the United States. The fund's investment objective is to choose stocks from a wide range of industries, specifically seeking out businesses that demonstrate both strong growth prospects and generous dividend payouts. To construct its portfolio, the fund employs a meticulous bottom-up stock selection methodology, integrating both fundamental and technical analysis. This process involves a close examination of several factors, such as business structures, financial health, broader industry trends, the consistency of cash flow, the caliber of management, and any unique competitive advantages. This U.S.-domiciled fund commenced operations on November 24, 2014. ### What is the expense ratio of HIE? An expense ratio for Miller/Howard High Income Equity Fund (HIE) is not available from our data sources. Neither our market-data feed nor the SEC's structured prospectus and annual-report datasets report one for this share class. The fund's prospectus on the issuer's site carries the authoritative fee. ### How big is HIE? Miller/Howard High Income Equity Fund (HIE) has a market value of $234.8M: its share price times its shares outstanding. A closed-end fund trades above or below its net asset value, so its net assets differ from this figure. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is HIE actively managed or an index fund? HIE is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds in exchange for the discretion to over- or under-weight positions. ### When was HIE launched? Miller/Howard High Income Equity Fund (HIE) launched in November 2014 and is managed by the fund issuer. ### How has HIE performed? HIE's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does HIE pay a dividend? Miller/Howard High Income Equity Fund (HIE) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HIE pay dividends? Miller/Howard High Income Equity Fund pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HIE's dividend yield? HIE's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is HIE's next ex-dividend date? The most recently announced ex-dividend date for HIE was 2024-10-24. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### Why is HIE's expense ratio not shown? Neither our market-data feed nor the SEC's structured filing datasets (prospectus fee tables and Form N-CEN annual reports, which we re-check twice a month) report an expense ratio for Miller/Howard High Income Equity Fund (HIE). That usually means the fund family doesn't register this share class's ticker in the SEC's machine-readable data, or the vehicle reports fees outside the standard fund forms. Rather than estimate, we leave it blank; the prospectus on the issuer's site carries the authoritative number. ### How does HIE charge its expense ratio? The expense ratio is deducted in tiny daily slices from HIE's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hie - Distribution history: https://www.dividenddata.com/funds/hie/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hie/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hie/expenses - Peer comparison: https://www.dividenddata.com/funds/hie/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.