Hennessy Cornerstone Large Growth Fd Inv Cl (HFLGX) NASDAQ

11.87

-0.02(-0.17%)

Updated at August 18 08:09AM

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Hennessy Cornerstone Large Growth Fd Inv Cl

Address

, DE

United States of America

Phone

N/A

Website

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Sector

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Industry

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Employees

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First IPO Date

March 20, 2009

Key Executives

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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.