Hennessy Cornerstone Large Growth Fd Inv Cl

Frequently Asked Questions About HFLGX

What does HFLGX invest in?

This fund primarily allocates capital to common shares of substantial companies exhibiting strong growth potential. Its investment decisions are systematically guided by a proprietary quantitative methodology, specifically referred to as the Cornerstone Large Growth Formula. The portfolio maintains a consistent structure, comprising 50 distinct equity holdings, with each position representing an equal 2% of the fund's total assets. Annually, typically during the winter season, the entire universe of potential investments is thoroughly re-evaluated using the Large Growth Formula, leading to a comprehensive rebalancing of the portfolio.

What is the expense ratio of HFLGX?

Hennessy Cornerstone Large Growth Fd Inv Cl (HFLGX) charges an expense ratio of 1.29%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HFLGX?

Hennessy Cornerstone Large Growth Fd Inv Cl (HFLGX) manages $143.9M 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 HFLGX actively managed or an index fund?

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

When was HFLGX launched?

Hennessy Cornerstone Large Growth Fd Inv Cl (HFLGX) launched in March 2009 and is managed by the fund issuer.

How has HFLGX performed?

HFLGX'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.