Hennessy Cornerstone Mid Cap 30 Fund Institutional Class
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Fund Information
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Open/Closed to New Investors
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Cash
Stock
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Preferred
Convertible
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Company Information
Provider
Hennessy
Manager/Tenure
(Years)
(Years)
Neil J. Hennessy (21), Ryan C. Kelley (8), L. Joshua Wein (6)
Website
Address
Hennessy
Novato CA - 94945
Novato CA - 94945
Country
United States
Phone Number
800-966-4354
Investment Strategy
The investment seeks long-term growth of capital. The fund normally 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”). 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.