Hennessy Cornerstone Mid Cap 30 Instl
- HIMDX
- Price as of: Jan 15, 2021
-
$18.12
N/A N/A
- Primary Theme
- U.S. Mid-Cap Blend Equity
- Fund Company
- Hennessy
- Share Class
HIMDX - Snapshot
Vitals
- YTD Return 9.8%
- 3 Yr Annualized Return 3.7%
- 5 Yr Annualized Return 7.4%
- Net Assets $355 M
- Holdings in Top 10 39.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.01%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 94.00%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $250,000
- IRA N/A
Fund Classification
-
Primary Theme
U.S. Mid-Cap Blend Equity
- Fund Type Open End Mutual Fund
- Investment Style Mid-Cap Blend
HIMDX - Profile
Distributions
- YTD Total Return 9.8%
- 3 Yr Annualized Total Return 3.7%
- 5 Yr Annualized Total Return 7.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.09%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameHennessy Cornerstone Mid Cap 30 Fund
-
Fund Family NameHennessy
-
Inception DateMar 03, 2008
-
Shares Outstanding9193591
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerNeil Hennessy
Fund Description
The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, 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"). It purchases 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.
HIMDX - Performance
Return Ranking - Trailing
| Period | HIMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.8% | -1.0% | 9.8% | 0.23% |
| 1 Yr | 23.8% | -8.2% | 39.0% | 11.69% |
| 3 Yr | 3.7%* | -0.5% | 20.8% | 88.89% |
| 5 Yr | 7.4%* | 2.2% | 16.3% | 89.20% |
| 10 Yr | 10.0%* | 4.7% | 14.1% | 56.52% |
* Annualized
Return Ranking - Calendar
| Period | HIMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 23.8% | -17.7% | 2510.2% | 9.66% |
| 2019 | 16.0% | -19.0% | 35.6% | 78.83% |
| 2018 | -43.9% | -77.7% | 5.5% | 99.47% |
| 2017 | 1.5% | -62.4% | 21.5% | 81.29% |
| 2016 | 5.6% | -16.4% | 28.1% | 80.07% |
Total Return Ranking - Trailing
| Period | HIMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.8% | -1.0% | 9.8% | 0.23% |
| 1 Yr | 23.8% | -8.2% | 39.0% | 10.55% |
| 3 Yr | 3.7%* | -1.7% | 20.8% | 87.09% |
| 5 Yr | 7.4%* | 2.2% | 16.3% | 87.78% |
| 10 Yr | 10.0%* | 4.7% | 14.1% | 55.03% |
* Annualized
Total Return Ranking - Calendar
| Period | HIMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 23.8% | -17.7% | 2510.2% | 9.66% |
| 2019 | 16.0% | -19.0% | 35.6% | 78.83% |
| 2018 | -24.1% | -44.3% | 5.5% | 85.26% |
| 2017 | 21.2% | -62.4% | 24.9% | 3.80% |
| 2016 | 6.2% | -6.1% | 28.1% | 87.38% |
NAV & Total Return History
HIMDX - Holdings
Concentration Analysis
| HIMDX | Category Low | Category High | HIMDX % Rank | |
|---|---|---|---|---|
| Net Assets | 355 M | 142 K | 133 B | 54.08% |
| Number of Holdings | 31 | 1 | 3288 | 93.02% |
| Net Assets in Top 10 | 139 M | 37.1 K | 11.9 B | 35.58% |
| Weighting of Top 10 | 39.18% | 2.7% | 100.0% | 21.16% |
Top 10 Holdings
- RH 6.39%
- Synaptics Inc 5.81%
- Scientific Games Corp Ordinary Shares 5.08%
- Lithia Motors Inc Class A 5.01%
- Meritage Homes Corp 4.40%
- Mattel Inc 4.22%
- Allscripts Healthcare Solutions Inc 4.16%
- Syneos Health Inc A 4.01%
- The Timken Co 3.95%
- Valmont Industries Inc 3.90%
Asset Allocation
| Weighting | Return Low | Return High | HIMDX % Rank | |
|---|---|---|---|---|
| Stocks | 97.87% | 36.22% | 100.25% | 70.00% |
| Cash | 2.13% | -0.25% | 48.80% | 26.74% |
| Preferred Stocks | 0.00% | 0.00% | 10.03% | 18.37% |
| Other | 0.00% | -4.32% | 10.09% | 14.88% |
| Convertible Bonds | 0.00% | 0.00% | 1.76% | 12.09% |
| Bonds | 0.00% | -0.86% | 50.41% | 21.40% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HIMDX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 35.79% | 0.00% | 37.15% | 1.63% |
| Industrials | 15.41% | 0.00% | 50.48% | 61.86% |
| Consumer Defense | 11.39% | 0.00% | 21.55% | 6.98% |
| Technology | 11.18% | 0.00% | 34.57% | 84.65% |
| Financial Services | 7.74% | 1.50% | 42.44% | 95.12% |
| Healthcare | 7.58% | 0.00% | 21.38% | 82.33% |
| Basic Materials | 6.94% | 0.00% | 27.07% | 13.26% |
| Energy | 3.96% | 0.00% | 35.53% | 6.74% |
| Utilities | 0.00% | 0.00% | 15.20% | 86.28% |
| Real Estate | 0.00% | 0.00% | 18.92% | 89.53% |
| Communication Services | 0.00% | 0.00% | 33.05% | 91.40% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HIMDX % Rank | |
|---|---|---|---|---|
| US | 97.87% | 30.81% | 100.00% | 36.51% |
| Non US | 0.00% | 0.00% | 33.32% | 90.00% |
HIMDX - Expenses
Operational Fees
| HIMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.02% | 19.45% | 51.99% |
| Management Fee | 0.74% | 0.00% | 1.50% | 57.71% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 8.33% |
| Administrative Fee | N/A | 0.01% | 0.40% | 54.55% |
Sales Fees
| HIMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.50% | N/A |
Trading Fees
| HIMDX 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.
| HIMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 94.00% | 2.00% | 453.00% | 90.29% |
HIMDX - Distributions
Dividend Yield Analysis
| HIMDX | Category Low | Category High | HIMDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 1.92% | 21.63% |
Dividend Distribution Analysis
| HIMDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| HIMDX | Category Low | Category High | HIMDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.09% | -1.52% | 12.94% | 78.90% |
Capital Gain Distribution Analysis
| HIMDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Dec 29, 2015 | $0.063 |
| Dec 31, 2013 | $0.061 |
| Dec 31, 2012 | $0.236 |
HIMDX - Fund Manager Analysis
Managers
Neil Hennessy
Start Date
Tenure
Tenure Rank
Sep 17, 2003
17.3
17.3%
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
3.84
3.8%
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
1.84
1.8%
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 |
|---|---|---|---|
| 0.08 | 37.03 | 6.09 | 4.37 |