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Trending ETFs

Hennessy BP Midstream Fund

mutual fund
HMSIX
Dividend policy
Active
Price as of:
$8.28 -0.06 0%
primary theme
MLP Industry Equity
share class
HMSIX (Mutual Fund)

Hennessy BP Midstream Fund

Dividend policy
Active
Price as of:
$8.28 -0.06 0%
primary theme
MLP Industry Equity
share class
HMSIX (Mutual Fund)

Hennessy BP Midstream Fund

Dividend policy
Active
Price as of:
$8.28 -0.06 0%
primary theme
MLP Industry Equity
share class

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.28

-

12.44%

$1.03

1.53%

Vitals

YTD Return

21.9%

1 yr return

47.0%

3 Yr Avg Return

-6.8%

5 Yr Avg Return

-4.4%

Net Assets

$34.8 M

Holdings in Top 10

84.4%

52 WEEK LOW AND HIGH

$8.34
$5.45
$9.54

Expenses

OPERATING FEES

Expense Ratio 1.53%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 53.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Energy Limited Partnership


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.28

-

12.44%

$1.03

1.53%

HMSIX - Profile

Distributions

  • YTD Total Return 21.9%
  • 3 Yr Annualized Total Return -6.8%
  • 5 Yr Annualized Total Return -4.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -1.27%
DIVIDENDS
  • Dividend Yield 12.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Hennessy BP Midstream Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    Dec 31, 2013
  • Shares Outstanding
    3399824
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Toby Loftin

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in midstream energy infrastructure companies. It invests primarily in master limited partnerships ("MLPs") and common stocks without regard to market capitalization. In addition to the aforementioned principal strategies, the fund may also invest in preferred stocks, warrants, options, equity-like instruments, and debt instruments. It is non-diversified.


HMSIX - Performance

Return Ranking - Trailing

Period HMSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.9% -5.0% 62.4% 81.76%
1 Yr 47.0% -42.8% 84.6% 55.00%
3 Yr -6.8%* -43.5% 5.4% 64.44%
5 Yr -4.4%* -32.1% 4.5% 71.31%
10 Yr N/A* -21.9% 6.1% N/A

* Annualized

Return Ranking - Calendar

Period HMSIX Return Category Return Low Category Return High Rank in Category (%)
2020 -40.0% -76.6% 319.9% 77.03%
2019 2.5% -87.2% 18.9% 49.21%
2018 N/A -83.3% -12.7% N/A
2017 N/A -59.9% -1.4% N/A
2016 N/A -10.3% 459.2% N/A

Total Return Ranking - Trailing

Period HMSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 21.9% -5.0% 62.4% 81.76%
1 Yr 47.0% -42.8% 84.6% 48.80%
3 Yr -6.8%* -43.5% 5.4% 52.56%
5 Yr -4.4%* -32.1% 4.5% 64.34%
10 Yr N/A* -21.9% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period HMSIX Return Category Return Low Category Return High Rank in Category (%)
2020 -40.0% -76.6% 215.7% 75.68%
2019 2.5% -87.2% 18.9% 53.17%
2018 N/A -83.3% -9.4% N/A
2017 N/A -59.9% 0.4% N/A
2016 N/A -10.3% 65.5% N/A

NAV & Total Return History


HMSIX - Holdings

Concentration Analysis

HMSIX Category Low Category High HMSIX % Rank
Net Assets 34.8 M 2.23 M 5.03 B 88.32%
Number of Holdings 18 9 145 86.18%
Net Assets in Top 10 31.4 M 5.09 K 4.14 B 74.34%
Weighting of Top 10 84.43% 38.7% 100.0% 14.48%

Top 10 Holdings

  1. Energy Transfer LP 12.68%
  2. MPLX LP Partnership Units 11.88%
  3. Enterprise Products Partners LP 10.38%
  4. Williams Companies Inc 8.97%
  5. Targa Resources Corp 8.72%
  6. Plains All American Pipeline LP 7.62%
  7. Kinder Morgan Inc Class P 7.26%
  8. Phillips 66 Partners LP 6.81%
  9. ONEOK Inc 6.29%
  10. TC Pipelines LP 5.99%

Asset Allocation

Weighting Return Low Return High HMSIX % Rank
Stocks
99.60% 48.68% 135.61% 44.08%
Cash
0.40% -39.00% 4.23% 56.58%
Preferred Stocks
0.00% 0.00% 3.81% 77.63%
Other
0.00% -36.48% 12.96% 55.26%
Convertible Bonds
0.00% 0.00% 5.78% 71.05%
Bonds
0.00% 0.00% 40.86% 76.97%

Stock Sector Breakdown

Weighting Return Low Return High HMSIX % Rank
Energy
100.00% 26.02% 100.00% 3.95%
Utilities
0.00% 0.00% 51.69% 96.71%
Technology
0.00% 0.00% 22.75% 77.63%
Real Estate
0.00% 0.00% 4.25% 73.03%
Industrials
0.00% 0.00% 16.27% 84.21%
Healthcare
0.00% 0.00% 0.03% 70.39%
Financial Services
0.00% 0.00% 6.99% 81.58%
Communication Services
0.00% 0.00% 4.39% 71.05%
Consumer Defense
0.00% 0.00% 1.07% 75.00%
Consumer Cyclical
0.00% 0.00% 0.63% 71.05%
Basic Materials
0.00% 0.00% 6.41% 86.84%

Stock Geographic Breakdown

Weighting Return Low Return High HMSIX % Rank
US
95.91% 44.65% 135.30% 21.05%
Non US
3.69% 0.00% 53.05% 85.53%

HMSIX - Expenses

Operational Fees

HMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.53% 0.35% 13.30% 61.08%
Management Fee 1.10% 0.00% 2.64% 72.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.25% N/A

Sales Fees

HMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 2.25% N/A

Trading Fees

HMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HMSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 53.00% 8.00% 314.43% 51.61%

HMSIX - Distributions

Dividend Yield Analysis

HMSIX Category Low Category High HMSIX % Rank
Dividend Yield 12.44% 0.00% 1.96% 75.45%

Dividend Distribution Analysis

HMSIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

HMSIX Category Low Category High HMSIX % Rank
Net Income Ratio -1.27% -25.67% 6.88% 78.40%

Capital Gain Distribution Analysis

HMSIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

HMSIX - Fund Manager Analysis

Managers

Toby Loftin


Start Date

Tenure

Tenure Rank

Dec 31, 2013

7.67

7.7%

Toby Loftin, Managing Principal, founded BP Capital Fund Advisors, LLC in 2013. Mr. Loftin joined BP Capital LP in 2010 and served as a member of the Investment Committee of the private hedge funds and Pickens Family Office. Mr. Loftin co-manages the Hennessy BP Midstream Fund and the Hennessy BP Energy Fund (formerly the BP Capital TwinLine Funds), and prior to that he managed the Pickens’ energy infrastructure investments. Before joining the BP Capital, Mr. Loftin was a partner of SteelPath Fund Advisors and SteelPath Capital Management (formerly Alerian). He also served as Director of Institutional Equity Research Sales with Royal Bank of Canada Capital Markets where he focused on the energy sector and energy infrastructure. He also served as an officer in the U.S. Air Force. He earned a Bachelor of Science degree from the U.S. Air Force Academy and a Master of Science-Finance from University of Texas at San Antonio.

Benton Cook


Start Date

Tenure

Tenure Rank

Jun 13, 2017

4.22

4.2%

Benton Cook, CFA, Portfolio Manager, joined BP Capital Fund Advisors in June 2017, where he serves as a member of the Investment Committee. Prior to joining the team, Mr. Cook was a Portfolio Manager with Mariner Investment Group (2016 – 2017), and before that he was a Portfolio Manager with A.G. Hill Partners (2009 – 2015) and Opsis Capital Management (2005 -2009). Mr. Cook previously held positions as a Senior Analyst with Carlson Capital and as an Equity Research Analyst with Raymond James. Mr. Cook has an MBA in Finance from the University of Texas at Austin and a BA in Economics from Johns Hopkins University. He is also a CFA charter holder and member of the Chartered Financial Analyst Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.44 17.52 7.13 11.43