Hennessy Cornerstone Large Growth Fd Inv Cl (HFLGX) NASDAQ
12.35
-0.1(-0.80%)
Currency In USD
- General
- Statistics
- Historical Data
- Profile
- Financials
12.35
-0.1(-0.80%)
Currency In USD
Address
7250 Redwood Boulevard
Novato, CA 94945
United States of America (the)
Phone
8009664354
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
March 20, 2009
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.