Hennessy Cornerstone Value Fd Inv Cl

Frequently Asked Questions About HFCVX

What does HFCVX invest in?

This fund primarily invests in substantial, dividend-paying common stocks, utilizing a systematic quantitative framework known as the Cornerstone Value Strategy. It establishes a portfolio comprising exactly 50 different stocks, with each holding receiving an equal dollar weighting of 2% of the total assets. The investment universe is rigorously re-evaluated according to the Value Strategy, and the portfolio is subsequently rebalanced on an annual cycle, typically occurring during the winter.

What is the expense ratio of HFCVX?

Hennessy Cornerstone Value Fd Inv Cl (HFCVX) charges an expense ratio of 1.21%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HFCVX?

Hennessy Cornerstone Value Fd Inv Cl (HFCVX) manages $319.4M 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 HFCVX actively managed or an index fund?

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

When was HFCVX launched?

Hennessy Cornerstone Value Fd Inv Cl (HFCVX) launched in November 1996 and is managed by the fund issuer.

How has HFCVX performed?

HFCVX'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.