Hennessy Cornerstone Mid Cap 30 Fd Inv Cl (HFMDX) NASDAQ
22.41
-0.14(-0.62%)
Currency In USD
- General
- Statistics
- Historical Data
- Profile
- Financials
22.41
-0.14(-0.62%)
Currency In USD
Address
7250 Redwood Boulevard
Novato, CA 94945
United States of America (the)
Phone
8009664354
Website
N/A
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
September 17, 2003
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.