# Hennessy Cornerstone Value Fd Inv Cl (HFCVX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hfcvx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 1996-11-01 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. ## Key Facts | Metric | Value | |---|---| | Price | $26.84 | | Expense Ratio | 1.21% | | Assets Under Management | $325.9M | | NAV | $26.84 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Monthly | | 52-Week Range | $22.24 – $27.13 | | Beta | 0.43 | ## Latest Distribution - Amount: $0.5709 /share - Ex-date: 2025-12-29 - Pay date: 2025-12-29 ## Frequently Asked Questions ### 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 $325.9M 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 is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (HFCVX's is 1.21%) in exchange for the discretion to over- or under-weight positions. ### 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. ### Does HFCVX pay a dividend? Hennessy Cornerstone Value Fd Inv Cl (HFCVX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HFCVX pay dividends? Hennessy Cornerstone Value Fd Inv Cl pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HFCVX's dividend yield? HFCVX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is HFCVX's next ex-dividend date? The most recently announced ex-dividend date for HFCVX was 2025-12-29. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will HFCVX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.21% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HFCVX charge its expense ratio? The expense ratio is deducted in tiny daily slices from HFCVX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HFCVX cost more than a fund like VOO? HFCVX is actively managed (current expense ratio 1.21%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether HFCVX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to HFCVX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as HFCVX (1.21%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hfcvx - Distribution history: https://www.dividenddata.com/funds/hfcvx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hfcvx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hfcvx/expenses - Peer comparison: https://www.dividenddata.com/funds/hfcvx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.