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Trending ETFs

Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.21

$880 M

0.00%

$0.00

1.34%

Vitals

YTD Return

17.5%

1 yr return

44.1%

3 Yr Avg Return

17.0%

5 Yr Avg Return

20.6%

Net Assets

$880 M

Holdings in Top 10

34.7%

52 WEEK LOW AND HIGH

$23.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.34%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 0.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$250


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$23.21

$880 M

0.00%

$0.00

1.34%

HFMDX - Profile

Distributions

  • YTD Total Return 17.5%
  • 3 Yr Annualized Total Return 17.0%
  • 5 Yr Annualized Total Return 20.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.74%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Hennessy Cornerstone Mid Cap 30 Fund
  • Fund Family Name
    Hennessy Funds Trust
  • Inception Date
    Sep 22, 2003
  • Shares Outstanding
    10583825
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Neil Hennessy

Fund Description

The Fund may invest in any company whose securities are listed on a U.S. national securities exchange, but not through American Depositary Receipts, which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. Under normal circumstances, the Fund invests at least 80% of its net assets in mid-cap growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Mid Cap 30 Formula (the “Mid Cap 30 Formula”). From the investable common stocks of public companies in the S&P Capital IQ Database with market capitalizations between $1 billion and $10 billion, the Mid Cap 30 Formula identifies the 30 common stocks with the highest one-year price appreciation as of the date of purchase that also meet the following criteria:
Price-to-sales ratio below 1.5 
The Mid Cap 30 Formula uses price-to-sales as its value criterion because sales figures are more difficult for a company to manipulate than earnings and frequently provide a clearer picture of a company’s potential value.
Annual earnings that are higher than the previous year
The Mid Cap 30 Formula considers improved earnings to be a key indicator of a company’s financial strength.
Positive stock price appreciation over the past three-month and six-month periods
The Mid Cap 30 Formula considers stock price appreciation because it is often associated with positive fundamentals, such as strong growth or improving profitability.
The Fund purchases these 30 stocks weighted equally by dollar amount, with 3.33% of the portfolio’s assets invested in each. Using the Mid Cap 30 Formula, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the fall. Stocks meeting the Mid Cap 30 Formula’s criteria not currently in the portfolio are purchased, and stocks that no longer meet the criteria are sold. Holdings of all stocks in the Fund that continue to meet the criteria are appropriately increased or decreased to result in an equal 3.33% weighting.
Read More

HFMDX - Performance

Return Ranking - Trailing

Period HFMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.5% -8.3% 24.0% 1.37%
1 Yr 44.1% -2.6% 55.1% 1.37%
3 Yr 17.0%* -20.2% 17.4% 0.85%
5 Yr 20.6%* -0.1% 21.0% 0.62%
10 Yr 12.2%* 2.2% 13.4% 1.86%

* Annualized

Return Ranking - Calendar

Period HFMDX Return Category Return Low Category Return High Rank in Category (%)
2023 18.7% -12.9% 28.8% 9.92%
2022 -15.1% -52.6% 20.1% 21.67%
2021 25.1% -43.8% 32.4% 8.22%
2020 23.4% -10.6% 82.1% 7.37%
2019 15.8% -8.5% 37.5% 79.69%

Total Return Ranking - Trailing

Period HFMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.5% -8.3% 24.0% 1.37%
1 Yr 44.1% -2.6% 55.1% 1.37%
3 Yr 17.0%* -20.2% 17.4% 0.85%
5 Yr 20.6%* -0.1% 21.0% 0.62%
10 Yr 12.2%* 2.2% 13.4% 1.86%

* Annualized

Total Return Ranking - Calendar

Period HFMDX Return Category Return Low Category Return High Rank in Category (%)
2023 30.8% 1.2% 31.3% 0.55%
2022 2.8% -45.7% 21.1% 1.94%
2021 27.2% -30.2% 52.8% 23.23%
2020 23.4% -8.4% 84.3% 10.03%
2019 15.8% 1.0% 43.4% 98.13%

NAV & Total Return History


HFMDX - Holdings

Concentration Analysis

HFMDX Category Low Category High HFMDX % Rank
Net Assets 880 M 728 K 139 B 40.54%
Number of Holdings 32 1 2609 91.35%
Net Assets in Top 10 205 M 155 K 11.7 B 26.76%
Weighting of Top 10 34.68% 0.5% 126.5% 23.31%

Top 10 Holdings

  1. Gap Inc/The 4.03%
  2. Liberty Energy Inc 3.60%
  3. Comfort Systems USA Inc 3.54%
  4. Abercrombie Fitch Co 3.53%
  5. Parsons Corp 3.38%
  6. EnLink Midstream LLC 3.37%
  7. Guess? Inc 3.35%
  8. XPO Inc 3.32%
  9. Plains GP Holdings LP 3.30%
  10. Sterling Infrastructure Inc 3.28%

Asset Allocation

Weighting Return Low Return High HFMDX % Rank
Stocks
96.96% 0.00% 104.46% 75.95%
Cash
3.04% 0.00% 99.15% 33.24%
Preferred Stocks
0.00% 0.00% 14.30% 61.89%
Other
0.00% -1.04% 25.16% 66.49%
Convertible Bonds
0.00% 0.00% 1.78% 61.35%
Bonds
0.00% 0.00% 98.67% 62.43%

Stock Sector Breakdown

Weighting Return Low Return High HFMDX % Rank
Consumer Cyclical
28.09% 2.49% 46.48% 1.90%
Energy
23.69% 0.00% 58.13% 1.08%
Basic Materials
16.35% 0.00% 16.35% 0.54%
Consumer Defense
9.77% 0.00% 32.18% 8.13%
Financial Services
9.51% 0.00% 46.10% 91.60%
Industrials
9.22% 0.00% 45.89% 91.60%
Technology
3.36% 0.00% 40.65% 97.02%
Utilities
0.00% 0.00% 18.97% 92.68%
Real Estate
0.00% 0.00% 25.82% 95.39%
Healthcare
0.00% 0.00% 24.06% 99.73%
Communication Services
0.00% 0.00% 30.98% 93.77%

Stock Geographic Breakdown

Weighting Return Low Return High HFMDX % Rank
US
96.96% 0.00% 104.46% 70.27%
Non US
0.00% 0.00% 19.95% 66.76%

HFMDX - Expenses

Operational Fees

HFMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.03% 35.91% 27.52%
Management Fee 0.74% 0.00% 1.50% 61.41%
12b-1 Fee 0.15% 0.00% 1.00% 28.81%
Administrative Fee N/A 0.01% 0.30% 56.64%

Sales Fees

HFMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

HFMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HFMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 304.00% 1.21%

HFMDX - Distributions

Dividend Yield Analysis

HFMDX Category Low Category High HFMDX % Rank
Dividend Yield 0.00% 0.00% 29.52% 97.03%

Dividend Distribution Analysis

HFMDX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

HFMDX Category Low Category High HFMDX % Rank
Net Income Ratio -0.74% -2.06% 3.38% 94.29%

Capital Gain Distribution Analysis

HFMDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

HFMDX - Fund Manager Analysis

Managers

Neil Hennessy


Start Date

Tenure

Tenure Rank

Sep 17, 2003

18.72

18.7%

Neil is a seasoned asset manager with over four decades of financial services and investing experience. He started his career as a broker in 1979, started his first mutual fund in 1996, and today provides strategic economic and market direction for Hennessy Funds. As Chief Market Strategist, Neil analyzes the economy and financial markets to develop insights and direction to support our investment team. Embodying the Hennessy Funds' motto of "Investing, Uncompromised" Neil leads with high conviction, adhering to proven and repeatable strategies, and always in the best interest of shareholders, and he never strays from these core values. Neil began his career at Paine Webber and worked there and at Hambrecht & Quist until founding his own broker/dealer firm in 1989 and Hennessy Funds in 1996. Neil is a recognized and respected asset manager, and he is a frequent guest/contributor in national financial media. Neil received a BBA in Business Administration from the University of San Diego.

Ryan Kelley


Start Date

Tenure

Tenure Rank

Feb 28, 2017

5.25

5.3%

Kelley has been employed by Hennessy Advisors, Inc. since October 26, 2012. Prior to October 26 2012, Mr. Kelley was employed by FBR Fund Advisers, Inc. Prior to joining the FBR Advisers, Inc. in 2005, he held various positions at FBR, including senior equity analyst in the research department since 2002 and associate in corporate finance for five years prior to 2002. Kelley holds the Chartered Financial Analyst designation.

L. Wein


Start Date

Tenure

Tenure Rank

Feb 28, 2019

3.25

3.3%

Wein joined the Investment Manager in September 2018 until February 2019.Josh previously joined BB&T Asset Management in 2008 and Sterling Capital Management through merger in October 2010. He has investment experience since 1995. Josh is an investment analyst with Sterling's Advisory Solutions team with a focus on alternative investments. Prior to joining BB&T, he worked as a Managing Member of Bellator Capital Partners, a long/short equity fund focused primarily on small and mid-cap equities. He also worked as an Equity Research Associate covering enterprise software companies at First Union Securities. Josh is a graduate of Emory University where he received his BBA in Finance. He received his MBA from Vanderbilt University. He is a CAIA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 38.44 7.25 5.78