Hennessy Cornerstone Growth Fund Inv Cl

Frequently Asked Questions About HFCGX

What does HFCGX invest in?

The Hennessy Cornerstone Growth Fund primarily invests in common stocks exhibiting strong growth potential. These investments encompass any company listed on a U.S. national securities exchange, including American Depositary Receipts (ADRs) – U.S. dollar-denominated securities from foreign issuers also traded on U.S. exchanges. Its stock selection process is driven by a quantitative methodology known as the Cornerstone Growth Strategy. The fund typically acquires 50 such stocks, maintaining an equal dollar weighting by allocating 2% of the portfolio's total assets to each. This strategy dictates an annual re-evaluation of the stock universe and a subsequent rebalancing of the portfolio, which generally occurs during the winter months.

What is the expense ratio of HFCGX?

Hennessy Cornerstone Growth Fund Inv Cl (HFCGX) charges an expense ratio of 1.32%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HFCGX?

Hennessy Cornerstone Growth Fund Inv Cl (HFCGX) manages $309.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is HFCGX actively managed or an index fund?

HFCGX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was HFCGX launched?

Hennessy Cornerstone Growth Fund Inv Cl (HFCGX) launched in November 1996 and is managed by the fund issuer.

How has HFCGX performed?

HFCGX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.