HFCVX: Hennessy Cornerstone Value Fund - MutualFunds.com

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Hennessy Cornerstone Value Investor

HFCVX - Snapshot

Vitals

  • YTD Return -7.1%
  • 3 Yr Annualized Return -3.0%
  • 5 Yr Annualized Return 3.1%
  • Net Assets $194 M
  • Holdings in Top 10 28.3%

52 WEEK LOW AND HIGH

$16.26
$10.60
$17.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.23%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $2,500
  • IRA $250

Fund Classification


Compare HFCVX to Popular U.S. Large-Cap Value Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$45.64

-0.63%

$81.36 B

-

$0.00

-2.44%

-

$116.97

-0.62%

$81.36 B

2.08%

$2.44

-2.40%

-

$44.35

-0.38%

$60.99 B

1.84%

$0.82

1.91%

-

$196.76

-0.86%

$58.97 B

1.79%

$3.55

1.55%

-

$44.59

-0.38%

$47.04 B

1.08%

$0.49

0.36%

-

HFCVX - Profile

Distributions

  • YTD Total Return -7.1%
  • 3 Yr Annualized Total Return -3.0%
  • 5 Yr Annualized Total Return 3.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.75%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Hennessy Cornerstone Value Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    Nov 01, 1996
  • Shares Outstanding
    13857167
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Neil Hennessy

Fund Description

The fund invests in larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy (the "Value Strategy"). It purchases 50 stocks weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.


HFCVX - Performance

Return Ranking - Trailing

Period HFCVX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.1% -30.9% 282.4% 89.24%
1 Yr -16.2% -33.9% 15.5% 95.54%
3 Yr -3.0%* -10.3% 11.0% 93.84%
5 Yr 3.1%* -4.4% 13.6% 89.38%
10 Yr 6.5%* -1.9% 11.8% 93.09%

* Annualized

Return Ranking - Calendar

Period HFCVX Return Category Return Low Category Return High Rank in Category (%)
2019 13.2% -32.1% 76.3% 83.48%
2018 -22.1% -62.4% 16.7% 84.06%
2017 3.3% -72.0% 37.9% 82.00%
2016 14.7% -61.4% 31.0% 13.93%
2015 -8.7% -47.3% 4.6% 47.28%

Total Return Ranking - Trailing

Period HFCVX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.1% -30.9% 282.4% 89.24%
1 Yr -16.2% -33.9% 15.5% 93.55%
3 Yr -3.0%* -11.2% 11.0% 91.95%
5 Yr 3.1%* -4.8% 13.6% 86.56%
10 Yr 6.5%* -2.1% 11.8% 92.55%

* Annualized

Total Return Ranking - Calendar

Period HFCVX Return Category Return Low Category Return High Rank in Category (%)
2019 13.2% -32.1% 76.3% 83.48%
2018 -22.1% -37.1% 17.4% 91.14%
2017 19.2% -9.5% 37.9% 14.67%
2016 17.2% -27.9% 32.2% 17.66%
2015 -6.3% -28.9% 4.6% 65.59%

NAV & Total Return History


HFCVX - Holdings

Concentration Analysis

HFCVX Category Low Category High HFCVX % Rank
Net Assets 194 M 390 K 81.4 B 73.23%
Number of Holdings 51 1 1638 77.80%
Net Assets in Top 10 56.8 M 68.9 K 20.4 B 71.02%
Weighting of Top 10 28.26% 2.8% 100.0% 46.20%

Top 10 Holdings

  1. United Parcel Service Inc Class B 3.92%
  2. Qualcomm Inc 3.27%
  3. General Mills Inc 2.77%
  4. Amgen Inc 2.76%
  5. Texas Instruments Inc 2.69%
  6. Gilead Sciences Inc 2.68%
  7. The Kraft Heinz Co 2.66%
  8. Caterpillar Inc 2.63%
  9. Archer-Daniels Midland Co 2.56%
  10. AbbVie Inc 2.51%

Asset Allocation

Weighting Return Low Return High HFCVX % Rank
Stocks
99.13% 0.00% 144.64% 39.18%
Cash
0.87% -129.21% 100.00% 56.90%
Preferred Stocks
0.00% 0.00% 20.06% 84.65%
Other
0.00% -1.17% 90.90% 83.76%
Convertible Bonds
0.00% 0.00% 9.60% 83.92%
Bonds
0.00% 0.00% 42.12% 84.49%

Stock Sector Breakdown

Weighting Return Low Return High HFCVX % Rank
Healthcare
20.29% 0.00% 31.61% 9.02%
Consumer Defense
19.01% 0.00% 31.06% 6.89%
Energy
12.68% 0.00% 23.54% 1.31%
Industrials
12.62% 0.00% 46.06% 45.94%
Financial Services
11.99% 0.00% 60.37% 88.76%
Technology
10.08% 0.00% 54.02% 64.81%
Consumer Cyclical
6.77% 0.00% 30.11% 53.98%
Communication Services
4.30% 0.00% 23.33% 85.97%
Basic Materials
2.25% 0.00% 23.70% 72.93%
Utilities
0.00% 0.00% 46.31% 98.77%
Real Estate
0.00% 0.00% 87.91% 98.44%

Stock Geographic Breakdown

Weighting Return Low Return High HFCVX % Rank
US
81.85% 0.00% 143.35% 90.04%
Non US
17.28% -0.07% 37.07% 3.02%

HFCVX - Expenses

Operational Fees

HFCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.23% 0.01% 19.26% 33.14%
Management Fee 0.74% 0.00% 1.50% 80.59%
12b-1 Fee 0.15% 0.00% 1.00% 23.23%
Administrative Fee N/A 0.01% 0.50% 73.48%

Sales Fees

HFCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

HFCVX 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.

HFCVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.00% 0.00% 481.00% 30.78%

HFCVX - Distributions

Dividend Yield Analysis

HFCVX Category Low Category High HFCVX % Rank
Dividend Yield 0.00% 0.00% 35.63% 85.52%

Dividend Distribution Analysis

HFCVX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Semi-Annually Quarterly Quarterly

Net Income Ratio Analysis

HFCVX Category Low Category High HFCVX % Rank
Net Income Ratio 2.75% -3.83% 5.26% 7.88%

Capital Gain Distribution Analysis

HFCVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

HFCVX - Fund Manager Analysis

Managers

Neil Hennessy


Start Date

Tenure

Tenure Rank

Jul 01, 2000

20.35

20.4%

Mr. Hennessy has been the Chief Executive Officer and Chairman of the Board of Directors of Hennessy Advisors, Inc. since its organization in 1989.

Ryan Kelley


Start Date

Tenure

Tenure Rank

Feb 28, 2017

3.67

3.7%

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

1.67

1.7%

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
0.01 85.01 7.09 5.13
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