HNRIX – Hennessy Energy Transition Instl Investment Strategy | Morningstar

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Strategy

The investment seeks total return. Under normal circumstances, the fund invests at least 80% of its net assets in companies operating in the United States across the full spectrum of the energy supply/demand value chain, including traditional upstream, midstream, and downstream energy companies, as well as renewable energy companies and energy end users. Investments consist primarily of common stocks. The fund may also invest up to 25% of its total assets in securities of energy-related master limited partnerships ("MLPs").

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HNRGX	Hennessy Energy Transition Fund Investor Class	No Load	Open			Dec 31, 2013	$8.24M	2.530%	High	$2,500	$241,651.75
HNRIX	Hennessy Energy Transition Fund Institutional Class	Institutional	Open			Dec 31, 2013	$8.02M	2.200%	High	$250,000	−$1.20M

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