Hennessy Cornerstone Mid Cap 30 Fund Investor Class (HFMDX)

20.19
Net Asset Value
+0.95%
1 Day
+2.33%
Year-to-Date
Overall Morningstar Rating
Mid-cap blend
Style or Category
No Load
Sales Expenses
1.34%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital. The fund normally invests at least 80% of its net assets- plus the amount of any borrowings for investment purposes- in mid-cap- growth-oriented stocks by utilizing a quantitative formula known as the Cornerstone Mid Cap 30 Formula- (the "Mid Cap 30 Formula"). It purchases 30 stocks as dictated by the Formula- weighted equally by dollar amount- with 3.33% of the portfolio's assets invested in each. Using the Formula- the universe of stocks is re-screened and the portfolio is rebalanced annually- generally in the fall.

Performance

1 month+3.68% 3 years+5.78%
3 months+6.72% 5 years+9.82%
1 year+19.58% Since inception+10.75%
Data through --

Peer Comparisonvs. Mid-cap blend

 HFMDXCategory
Performance 5-yr return+9.82%+10.43%
Expense ratio1.34%1.07%
Risk 5 year sharpe ratio0.780.90
Net assets$1.0B$2.2B
Average market cap$3.4B$8.3B
Average P/E17.018.2
Portfolio turnover106%106%

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Fund Management and Purchase Info

Fund familyHennessy
Fund manager & tenureNeil Hennessy / 14 Years
Minimal initial investment$2,500.00
Minimum IRA investment$250.00

Holdings

U.S. stock98.77%
Cash1.11%
International stock0.12%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Consumer goods 27.88%
Consumer service 27.41%
Industrial materials 16.41%
Healthcare 9.73%
Business service 6.33%
Top 10 Holdings
Portfolio weighting
ASGN ASGN Inc4.45%
XPO XPO Logistics Inc4.20%
KFY Korn/Ferry International3.78%
SITE SiteOne Landscape Supply Inc3.74%
HFC HollyFrontier Corp3.50%
BLDR Builders FirstSource Inc3.44%
TNET TriNet Group Inc3.43%
LGIH LGI Homes Inc3.41%
PNK Pinnacle Entertainment Inc3.41%
NRG NRG Energy Inc3.31%