- 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 $329.3M 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.
