Hennessy BP Midstream Fund
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Schedule of Investments
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January 31, 2021 (Unaudited)
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Number of
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% of
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Shares
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Value
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Net Assets
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COMMON STOCKS - 37.25%
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Crude Oil & Refined Products - 4.16%
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Enbridge, Inc. (a)
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34,500
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$
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1,159,200 |
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4.16%
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Gathering & Processing - 9.90%
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Targa Resources Corp.
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101,000
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2,764,370
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9.90%
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Natural Gas/NGL Transportation - 23.19%
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Equitrans Midstream Corp.
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70,800
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470,820
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1.69%
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Kinder Morgan, Inc.
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118,090
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1,662,707
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5.95%
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ONEOK, Inc.
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42,026
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1,673,896
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6.00%
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The Williams Companies, Inc.
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125,652
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2,667,592
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9.55%
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6,475,015
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23.19%
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Total Common Stocks (Cost $9,112,031)
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10,398,585
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37.25%
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PARTNERSHIPS & TRUSTS - 58.08%
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Crude Oil & Refined Products - 29.64%
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Holly Energy Partners LP
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37,700
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548,912
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1.97%
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Magellan Midstream Partners LP
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50,900
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2,263,014
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8.10%
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MPLX LP
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144,249
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3,333,594
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11.94%
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Plains All American Pipeline LP
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254,526
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2,130,383
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7.63%
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8,275,903
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29.64%
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Gathering & Processing - 1.95%
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Western Midstream Partners LP
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37,000
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545,010
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1.95%
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Natural Gas/NGL Transportation - 26.49%
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DCP Midstream LP
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54,000
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1,080,000
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3.87%
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Energy Transfer LP
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393,700
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2,468,499
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8.84%
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Enterprise Products Partners LP
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165,100
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3,339,973
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11.96%
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TC PipeLines LP
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17,060
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506,511
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1.82%
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7,394,983
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26.49%
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Total Partnerships & Trusts (Cost $16,424,804)
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16,215,896
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58.08%
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SHORT-TERM INVESTMENTS - 4.15%
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Money Market Funds - 4.15%
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First American Government Obligations Fund, Institutional Class, 0.04% (b)
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1,159,966
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1,159,966
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4.15%
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Total Short-Term Investments (Cost $1,159,966)
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1,159,966
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4.15%
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Total Investments (Cost $26,696,801) - 99.48%
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27,774,447
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99.48%
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Other Assets in Excess of Liabilities - 0.52%
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146,012
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0.52%
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TOTAL NET ASSETS - 100.00%
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$
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27,920,459 |
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100.00%
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Percentages are stated as a percent of net assets.
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(a)
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U.S.-traded security of a foreign corporation.
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(b)
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The rate listed is the fund’s seven-day yield as of January 31, 2021
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Note: The Fund concentrates its investments in the Energy industry. For presentation purposes, the Fund uses custom categories.
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Level 1 – Unadjusted, quoted prices in active markets for identical instruments that the Fund has the ability to
access at the date of measurement.
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Level 2 – Other significant observable inputs (including, but not limited to, quoted prices in active markets
for similar instruments, quoted prices in markets that are not active for identical or similar instruments, and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets,
such as interest rates, prepayment speeds, credit risk curves, default rates, and similar data).
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Level 3 – Significant unobservable inputs (including the Fund’s own assumptions about what market participants
would use to price the asset or liability based on the best available information) when observable inputs are unavailable.
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Common Stocks
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Level 1
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Level 2
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Level 3
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Total
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Crude Oil & Refined Products
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$
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1,159,200
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$
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–
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$
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–
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$
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1,159,200
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Gathering & Processing
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2,764,370
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–
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–
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2,764,370
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Natural Gas/NGL Transportation
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6,475,015
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–
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–
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6,475,015
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Total Common Stocks
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$
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10,398,585
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$
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–
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$
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–
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$
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10,398,585
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Partnerships & Trusts
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Crude Oil & Refined Products
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$
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8,275,903
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$
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–
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$
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–
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$
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8,275,903
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Gathering & Processing
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545,010
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–
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–
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545,010
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Natural Gas/NGL Transportation
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7,394,983
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–
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–
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7,394,983
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Total Partnerships & Trusts
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$
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16,215,896
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$
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–
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$
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–
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$
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16,215,896
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Short-Term Investments
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Money Market Funds
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$
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1,159,966
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$
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–
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$
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–
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$
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1,159,966
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Total Short-Term Investments
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$
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1,159,966
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$
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–
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$
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–
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$
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1,159,966
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Total Investments
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$
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27,774,447
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$
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–
|
$
|
–
|
$
|
27,774,447
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