# Hennessy Midstream Fund Investor Class (HMSFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hmsfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Bond - Strategy: Actively Managed · Inception: 2018-10-29 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. ## Key Facts | Metric | Value | |---|---| | Price | $13.40 | | Expense Ratio | 1.76% | | Assets Under Management | $73.5M | | NAV | $13.40 | | Holdings Count | — | | Distribution Yield (TTM) | 7.69% | | Annual Distribution (TTM) | $1.03 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $11.18 – $13.90 | | Beta | 0.26 | ## Latest Distribution - Amount: $0.2575 /share - Ex-date: 2026-09-01 - Pay date: 2026-09-01 ## Frequently Asked Questions ### 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. ### What is HMSFX's dividend yield? HMSFX's trailing-twelve-month yield is 7.69%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of HMSFX? Effective duration measures HMSFX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. HMSFX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of HMSFX? HMSFX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of HMSFX? Yield to maturity (YTM) is the total return you'd earn from HMSFX if every bond in the portfolio is held to maturity at the current price. HMSFX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does HMSFX pay a dividend? Yes, Hennessy Midstream Fund Investor Class (HMSFX) distributes dividends to shareholders. The trailing-twelve-month yield is 7.69%. Full dividend history is on this page. ### How often does HMSFX pay dividends? Hennessy Midstream Fund Investor Class pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is HMSFX's next ex-dividend date? The most recently announced ex-dividend date for HMSFX was 2026-09-01. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will HMSFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.76% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HMSFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from HMSFX'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. ### Why does HMSFX cost more than a fund like VOO? HMSFX is actively managed (current expense ratio 1.76%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether HMSFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to HMSFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as HMSFX (1.76%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hmsfx - Distribution history: https://www.dividenddata.com/funds/hmsfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hmsfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hmsfx/expenses - Peer comparison: https://www.dividenddata.com/funds/hmsfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.