Hennessy Midstream Fund Investor Class

Frequently Asked Questions About HMSFX

What does HMSFX invest in?

The Hennessy Midstream Fund typically commits a minimum of 80% of its net assets to entities operating within the midstream energy infrastructure sector. Its primary investments within this space predominantly consist of Master Limited Partnerships (MLPs) and traditional common equities. Beyond these core holdings, the fund retains the flexibility to acquire a variety of other financial instruments, such as preferred shares, warrants, other equity-linked investments, and various debt securities. It operates as a non-diversified fund.

What is the expense ratio of HMSFX?

Hennessy Midstream Fund Investor Class (HMSFX) charges an expense ratio of 1.76%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HMSFX?

Hennessy Midstream Fund Investor Class (HMSFX) manages $77.3M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is HMSFX actively managed or an index fund?

HMSFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was HMSFX launched?

Hennessy Midstream Fund Investor Class (HMSFX) launched in October 2018 and is managed by the fund issuer.

How has HMSFX performed?

HMSFX'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.