- What does HFCIX invest in?
- The fund's primary investment strategy is directed towards U.S.-based companies whose securities are publicly traded on national exchanges within the United States. Beyond this core focus, the fund retains the option to acquire holdings in international companies. This encompasses foreign firms whose shares are already traded on U.S. national securities exchanges. It can also invest in overseas businesses through American Depositary Receipts (ADRs) or similar depositary instruments, which represent U.S. dollar-denominated securities from foreign issuers that are also listed on U.S. national exchanges. Additionally, the fund may seek opportunities in foreign enterprises whose securities are traded exclusively on non-U.S. exchanges. It operates as a non-diversified investment vehicle.
- What is the expense ratio of HFCIX?
- Hennessy Focus Fund Institutional Class (HFCIX) charges an expense ratio of 1.10%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is HFCIX?
- Hennessy Focus Fund Institutional Class (HFCIX) manages $1.16B 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 HFCIX actively managed or an index fund?
- HFCIX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was HFCIX launched?
- Hennessy Focus Fund Institutional Class (HFCIX) launched in June 2008 and is managed by the fund issuer.
- How has HFCIX performed?
- HFCIX'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.
