Morningstar

Hennessy Equity and Income Institutional HEIIX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Hennessy Investment Hub

Morningstar’s Analysis HEIIX

Will HEIIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HEIIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the HEIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of HEIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A concentrated approach with flaws and hefty price tag.

Analyst Ben Sater

Ben Sater

Analyst

Summary

Hennessy Equity and Income features a concentrated multi-asset portfolio that lacks cohesion, and investment decisions made by Hennessy and the fund’s equity subadvisor can at times lack the analytical rigor necessary for the mandate.

by Ben Sater
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