The London Company’s Mark DeVaul discusses how mixed economic data will likely keep the Fed from normalizing rates.
Mutual fund investing involves risk; Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. The risk is greater for longer term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Mortgage- and asset-backed securities are subject to prepayment risk, which is the risk that the borrower will prepay some or all of the principal owed to the issuer. Investments in foreign securities may involve political, economic and currency risks, greater volatility and differences in accounting methods. The Fund may experience higher fees due to investments in pooled investment vehicles (including ETFs).
The prospectus for the Hennessy Equity and Income Fund can be found here.
The Hennessy Equity and Income Funds are distributed by Quasar Distributors, LLC.
Glossary of Terms contains definitions and additional information.