Hennessy Cornerstone Large Growth Fd Inv Cl (HFLGX) NASDAQ

11.99

+0.09(+0.76%)

Updated at January 14 04:00PM

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Hennessy Cornerstone Large Growth Fd Inv Cl

Address

7250 Redwood Boulevard

Novato, CA 94945

United States of America

Phone

8009664354

Website

N/A

Sector

N/A

Industry

N/A

Employees

N/A

First IPO Date

March 20, 2009

Key Executives

N/A

Description

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