Hennessy Cornerstone Mid Cap 30 Fd Inv Cl

Frequently Asked Questions About HFMDX

What does HFMDX invest in?

This fund primarily allocates at least 80% of its capital to common stocks issued by growth-oriented, mid-sized companies. Its investment approach relies on a proprietary quantitative methodology known as the Cornerstone Mid Cap 30 Formula. The portfolio is structured with 30 distinct stock holdings, each receiving an equal dollar allocation, which translates to approximately 3.33% of the total portfolio assets per position. Leveraging this formula, the universe of potential stocks is reassessed, and the fund's holdings are rebalanced annually, typically during the autumn season.

What is the expense ratio of HFMDX?

Hennessy Cornerstone Mid Cap 30 Fd Inv Cl (HFMDX) charges an expense ratio of 1.34%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HFMDX?

Hennessy Cornerstone Mid Cap 30 Fd Inv Cl (HFMDX) manages $1.35B 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 HFMDX actively managed or an index fund?

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

When was HFMDX launched?

Hennessy Cornerstone Mid Cap 30 Fd Inv Cl (HFMDX) launched in September 2003 and is managed by the fund issuer.

How has HFMDX performed?

HFMDX'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.