Hennessy Cornerstone Value Fd Inv Cl (HFCVX) NASDAQ
25.32
+0.22(+0.88%)
Currency In USD
- General
- Statistics
- Historical Data
- Profile
- Financials
25.32
+0.22(+0.88%)
Currency In USD
Address
7250 Redwood Boulevard
Nevato, CA 94945
United States of America (the)
Phone
4158991555
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
November 01, 1996
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.