HMSFX Performance — Hennessy Midstream Fund, Investor Class
Data updated: 2026-09-28
HMSFX returned +19.19% year to date and +18.26% over one year to Jul 2026. Annualised returns are +18.88% over 3 years and +21.11% over 5 years. The fund trailed its Energy Equity category average: $100 invested three years ago grew to $168, against $179 for the category, and to $118 over one year, against $134. Volatility over the past three years was 15.12% a year. In the 12 months to Jul 2026 the fund lost a net $6.8M, and assets reached $78.01M.
HMSFX Growth of $100
What $100 invested in Hennessy Midstream Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Energy Equity category average over the same months.
| Period | HMSFX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $118 | $134 |
| 3 years (Aug 2023 – Jul 2026) | $168 | $179 |
| 5 years (Aug 2021 – Jul 2026) | $261 | $288 |
| Since data start (Aug 2019 – Jul 2026) | $231 | $295 |
HMSFX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +19.19% |
| 1 year | +18.26% |
| 3 years (annualised) | +18.88% |
| 5 years (annualised) | +21.11% |
HMSFX Annual Returns
Calendar-year total returns of Hennessy Midstream Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +19.19% |
| 2025 | −0.74% |
| 2024 | +35.96% |
| 2023 | +23.38% |
| 2022 | +28.80% |
| 2021 | +35.93% |
| 2020 | −31.27% |
| 2019 (Aug–Dec) | −3.15% |
HMSFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.8% | +4.8% | +2.7% | +2.4% | −4.0% | +2.3% | +2.2% | — | — | — | — | — |
| 2025 | +5.6% | +1.3% | +0.9% | −9.5% | +3.5% | −0.3% | −0.7% | −0.7% | −0.8% | −4.0% | +5.9% | −1.0% |
| 2024 | +1.6% | +5.4% | +7.3% | −0.2% | −0.4% | +3.0% | +1.8% | +1.0% | +0.4% | +2.8% | +16.1% | −6.2% |
| 2023 | +5.8% | −2.4% | −1.1% | +2.4% | −0.4% | +7.0% | +6.0% | +0.4% | +0.2% | −0.4% | +5.8% | −1.5% |
| 2022 | +10.6% | +4.9% | +5.9% | −1.5% | +6.1% | −14.5% | +13.2% | +2.6% | −9.7% | +13.8% | +3.1% | −4.7% |
| 2021 | +4.1% | +7.4% | +5.7% | +5.8% | +7.9% | +5.0% | −5.8% | −1.8% | +3.9% | +5.6% | −6.6% | +1.3% |
| 2020 | −5.3% | −11.5% | −44.2% | +39.3% | +6.5% | −7.1% | −5.0% | +0.3% | −12.3% | +2.8% | +20.9% | +2.7% |
| 2019 | — | — | — | — | — | — | — | −3.7% | +1.1% | −4.8% | −3.0% | +7.8% |
HMSFX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.12%
- 3-year Sharpe ratio: 0.95 (vs 4.5% risk-free rate)
- Best month: +16.09% (Nov 2024)
- Worst month: −9.53% (Apr 2025)
HMSFX Fund Flows
Monthly money in and out of Hennessy Midstream Fund, from SEC Form N-PORT.
- 12-month net flow: −$6.8M
- 12-month gross sales (incl. reinvestments): $12.9M
- Sales ÷ redemptions: 0.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $392K | $1.4M | −$1.0M |
| Jun 2026 | $1.5M | $1.5M | −$70K |
| May 2026 | $559K | $927K | −$367K |
| Apr 2026 | $538K | $607K | −$69K |
| Mar 2026 | $1.9M | $2.0M | −$96K |
| Feb 2026 | $809K | $892K | −$83K |
| Jan 2026 | $1.2M | $4.2M | −$3.0M |
| Dec 2025 | $1.7M | $2.0M | −$295K |
| Nov 2025 | $733K | $1.1M | −$362K |
| Oct 2025 | $715K | $2.8M | −$2.1M |
| Sep 2025 | $2.1M | $1.3M | $771K |
| Aug 2025 | $709K | $865K | −$156K |
HMSFX Assets Under Management
Net assets of Hennessy Midstream Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $78.01M |
| 2026-04-30 | $80.66M |
| 2026-01-31 | $74.82M |
| 2025-10-31 | $71.02M |
| 2025-07-31 | $78.26M |
| 2025-04-30 | $77.96M |
| 2025-01-31 | $83.14M |
| 2024-10-31 | $70.08M |
| 2024-07-31 | $67.26M |
| 2024-04-30 | $63.92M |
| 2024-01-31 | $56.22M |
| 2023-10-31 | $54.19M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.