Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
1.30% 260.50M 2.07% 32.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-21.83M 41.14% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks total return, consisting of capital appreciation and current income. 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.
General
Security Type Mutual Fund
Oldest Share Symbol HFCVX
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Large Value
Category Index Russell 1000 Value TR USD
Prospectus Objective Equity-Income
Fund Owner Firm Name Hennessy
Prospectus Benchmark Index
Russell 1000 Value TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Neil Hennessy 21.27 yrs
Ryan Kelley 4.59 yrs
L. Wein 2.59 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 50
-21.83M
-3.486B Category Low
16.39B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of September 30, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
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As of October 20, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2014
2015
2016
2017
2018
2019
2020
YTD
8.86%
-6.37%
17.25%
19.16%
-9.34%
20.79%
-6.38%
24.62%
13.69%
1.38%
11.96%
21.83%
-4.38%
31.49%
18.40%
22.15%
--
--
--
24.08%
-8.39%
17.20%
-3.23%
15.74%
11.29%
0.77%
14.70%
18.38%
-5.72%
25.22%
3.02%
21.78%
--
-2.11%
14.54%
16.21%
-6.02%
24.86%
-0.60%
20.57%
13.05%
-1.03%
16.75%
16.99%
-5.55%
25.67%
2.18%
22.13%
As of October 20, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-20-21) 2.07%
30-Day SEC Yield (9-30-21) Upgrade
7-Day SEC Yield (12-30-10) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 15.49
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2021

Asset Allocation

As of September 30, 2021.
Type % Net % Long % Short
Cash 1.41% Upgrade Upgrade
Stock 98.59% Upgrade Upgrade
Bond 0.00% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Petroleo Brasileiro SA Petrobras ADR 2.41% 10.06 -5.81%
ConocoPhillips 2.35% 74.58 -1.89%
Canadian Natural Resources Ltd 2.33% 52.39 -0.72%
Pfizer Inc 2.33% 42.88 0.19%
The Home Depot Inc 2.29% 364.66 1.79%
The Kroger Co 2.24% 39.31 -0.03%
CVS Health Corp 2.23% 86.85 0.35%
Bank of New York Mellon Corp 2.16% 59.73 0.71%
Cisco Systems Inc 2.16% 55.68 -0.93%
McDonald's Corp 2.11% 241.41 0.70%

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks total return, consisting of capital appreciation and current income. 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.
General
Security Type Mutual Fund
Oldest Share Symbol HFCVX
Equity Style Large Cap/Value
Fixed Income Style --
Broad Asset Class US Equity
Broad Category Equity
Category Name Large Value
Category Index Russell 1000 Value TR USD
Prospectus Objective Equity-Income
Fund Owner Firm Name Hennessy
Prospectus Benchmark Index
Russell 1000 Value TR USD 100.0%
Broad Asset Class Benchmark Index
^SPXTR 100.0%
Manager Tenure
Neil Hennessy 21.27 yrs
Ryan Kelley 4.59 yrs
L. Wein 2.59 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (10-20-21) 2.07%
30-Day SEC Yield (9-30-21) Upgrade
7-Day SEC Yield (12-30-10) Upgrade
Number of Holdings Upgrade
Stock
Weighted Average PE Ratio 15.49
Weighted Average Price to Sales Ratio Upgrade
Weighted Average Price to Book Ratio Upgrade
Weighted Median ROE Upgrade
Weighted Median ROA Upgrade
Forecasted Dividend Yield Upgrade
Forecasted PE Ratio Upgrade
Forecasted Price to Sales Ratio Upgrade
Forecasted Price to Book Ratio Upgrade
As of September 30, 2021

Growth Estimates

Forecasted 5 Yr Earnings Growth Upgrade
Forecasted Book Value Growth Upgrade
Forecasted Cash Flow Growth Upgrade
Forecasted Earnings Growth Upgrade
Forecasted Revenue Growth Upgrade
As of September 30, 2021

Fund Details

Key Dates
Inception Date 11/1/1996
Last Annual Report Date 10/31/2020
Last Prospectus Date 3/1/2021
Share Classes
HICVX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No