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Hennessy Cornerstone Growth Investor (HFCGX)

17.16 Up 0.24(1.42%) Oct 20

Profile as of Sep 29, 2014Get Profile for:
Hennessy Cornerstone Growth Investor
7250 Redwood BoulevardSuite 200Novato CA 94945
Phone: 800-966-4354
Fund Overview 
Category:Small Blend
Fund Family:Hennessy
Net Assets:247.83M
Year-to-Date Return:4.47%
Morningstar Rating:2 stars
Fund Inception Date:Nov 1, 1996
Morningstar Style Box 
Small Blend
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Management Information 
Neil J. Hennessy
Lead Manager since Jul 1, 2000
Hennessy, with 30 years of financial industry experience, began his career as a financial advisor, and in 1989, he opened his own broker-dealer firm. In 1996, Hennessy founded his own asset management firm and launched his first mutual fund. Today, he manages the entire family of quantitatively-managed Hennessy Funds and serves as President, Director, and Chief Investment Officer. Hennessy has ranked among Barron's Top 100 Mutual Fund Managers in 2003 through 2008 and graduated from the University of San Diego and the Wharton School of Upper Management through the SIA.
Investment Information 
Min Initial Investment:2,500
Min Initial Investment, IRA:250
Min Initial Investment, AIP:100
Min Subsequent Investment:100
Min Subsequent Investment, IRA:100
Min Subsequent Investment, AIP:100
HFCGX can be purchased from 102 brokerages.

Fund Summary 
The investment seeks long-term growth of capital. The fund invests in growth-oriented common stocks by utilizing a highly disciplined, purely quantitative formula known as the Cornerstone Growth Strategy® (the "Growth Strategy"). It purchases 50 stocks as dictated by the Growth Strategy, weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Growth Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.

Fund Operations 
Last Dividend : N/A
Last Cap Gain (Nov 28, 2007) : 2.24
Annual Holdings Turnover (Oct 5, 2010) : 105.00%
Average for Category:45.94%
Fees & Expenses 
ExpenseHFCGXCategory Avg
Annual Report Expense Ratio (net):1.29%1.25%
Prospectus Net Expense Ratio:1.29%N/A
Prospectus Gross Expense Ratio:1.29%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A5.24%
Max Deferred Sales Load: N/A2.02%
3 Yr Expense Projection*:409560
5 Yr Expense Projection*:708899
10 Yr Expense Projection*:1,5561,848
* Per $10,000 invested