Neil J. Hennessy founded Hennessy Advisors in 1989 and serves as Chairman and CEO, leading the firm's growth to manage $4.24 billion in assets as of September 2025. The fund leverages a sophisticated dual sub-advisory structure with equity management by The London Company of Virginia, founded in 1994 and led by Stephen Goddard, CFA, who serves as founder, chairman and chief investment officer managing $33 billion in total assets. Portfolio managers Peter Greig and Jonathan Moody have managed the equity allocation since 2007, providing long-term continuity and deep fund knowledge. Fixed income management is handled by experienced professionals Mark E. DeVaul, CFA, CPA and Gary B. Cloud, CFA at FCI Advisors, bringing specialized expertise in credit analysis and duration management. The London Company operates as a majority employee-owned firm ensuring alignment of interests, while Hennessy Advisors has been recognized as 'Best Places to Work' for 12 consecutive years.

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The Hennessy Equity and Income Fund employs a conservative, actively managed multi-asset strategy designed to provide long-term capital growth and current income while emphasizing downside protection. The fund maintains a balanced portfolio typically allocating up to 70% to large-cap, value-oriented equities selected through fundamental analysis focusing on companies with high return on capital, consistent free cash flow, and attractive valuations. The equity strategy utilizes The London Company's proprietary Balance Sheet Optimization model to determine intrinsic company value based on balance sheet strength rather than earnings forecasting. The remaining allocation targets high-quality, intermediate-term fixed income securities managed by FCI Advisors, focusing on investment-grade bonds with low duration to buffer interest rate sensitivity while capturing yield premiums of 100-120 basis points above Treasuries over market cycles.

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