Hennessy Cornerstone Mid Cap 30 Fd Inv Cl (HFMDX) NASDAQ

23.00

+0.07(+0.31%)

Updated at September 30 08:09AM

Currency In USD

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Hennessy Cornerstone Mid Cap 30 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

September 17, 2003

Key Executives

N/A

Description

The fund normally invests at least 80% of its net assets in mid-cap growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Mid Cap 30 Formula (the “Mid Cap 30 Formula”). It purchases 30 stocks weighted equally by dollar amount, with 3.33% of the portfolio's assets invested in each. Using the Mid Cap 30 Formula, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the fall.