• FirefoxTry Yahoo Finance on Firefox »
  •  Dow Up0.06% Nasdaq Up0.41%

    Hennessy Cornerstone Growth Investor (HFCGX)

    20.34 Up 0.14(0.69%) Jul 30

    Profile as of Jun 29, 2015Get Profile for:
    Hennessy Cornerstone Growth Investor
    Hennessy Mutual Funds Inc7250 Redwood Boulevard Suite 200Novato CA 94945
    Phone: 800-966-4354
    Fund Overview 
    Category:Small Blend
    Fund Family:Hennessy
    Net Assets:279.76M
    Year-to-Date Return:3.98%
    Morningstar Rating:3 stars
    Fund Inception Date:Nov 1, 1996
    Morningstar Style Box 
    Small Blend
    [View Category Definition]
    View Top Small Blend Funds
    About the Morningstar Style Box
    Management Information 
    Neil J. Hennessy
    Lead Manager since Jul 1, 2000
    Hennessy 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 and portfolio manager. 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 106 brokerages.

    Fund Summary 
    The investment seeks long-term growth of capital. The fund invests in growth-oriented common stocks by utilizing a highly disciplined, 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. Stocks meeting the Growth Strategy's criteria not currently in the portfolio are purchased, and stocks that no longer meet the criteria are sold.

    Fund Operations 
    Last Dividend : N/A
    Last Cap Gain (Nov 28, 2007) : 2.24
    Annual Holdings Turnover (Oct 5, 2010) : 84.00%
    Average for Category:53.13%
    Fees & Expenses 
    ExpenseHFCGXCategory Avg
    Annual Report Expense Ratio (net):1.23%1.24%
    Prospectus Net Expense Ratio:1.15%N/A
    Prospectus Gross Expense Ratio:1.15%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A5.05%
    Max Deferred Sales Load: N/A1.83%
    3 Yr Expense Projection*:365569
    5 Yr Expense Projection*:633920
    10 Yr Expense Projection*:1,3981,864
    * Per $10,000 invested