Hennessy Cornerstone Growth Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
15.0%
1 yr return
21.5%
3 Yr Avg Return
25.0%
5 Yr Avg Return
12.7%
Net Assets
$500 M
Holdings in Top 10
31.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 98.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$250,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HICGX - Profile
Distributions
- YTD Total Return 15.0%
- 3 Yr Annualized Total Return 25.0%
- 5 Yr Annualized Total Return 12.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.17%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameHennessy Cornerstone Growth Fund
-
Fund Family NameHennessy Funds Trust
-
Inception DateMar 03, 2008
-
Shares Outstanding661827
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerNeil Hennessy
Fund Description
The Fund may invest in any company whose securities are listed on a U.S. national securities exchange, including through American Depositary Receipts (“ADRs”), which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. The Fund invests in growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Growth Strategy (the “Growth Strategy”). From the investable common stocks of public companies in the S&P Capital IQ Database with market capitalizations exceeding $175 million, the Growth Strategy identifies the 50 common stocks with the highest one-year price appreciation as of the date of purchase that also meet the following criteria:
| • | Price-to-sales ratio below 1.5 |
The Growth Strategy uses price-to-sales as its value criterion because sales figures are more difficult for a company to manipulate than earnings and frequently provide a clearer picture of a company’s potential value.
| • | Annual earnings that are higher than the previous year |
The Growth Strategy considers improved earnings to be a key indicator of a company’s financial strength.
| • | Positive stock price appreciation over the past three-month and six-month periods |
The Growth Strategy considers stock price appreciation because it is often associated with positive fundamentals, such as strong growth or improving profitability.
The Fund purchases these 50 stocks weighted equally by dollar amount, with 2% of the portfolio’s assets invested in each. Using the Growth Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter. Stocks meeting the Growth Strategy’s criteria not currently in the portfolio are purchased, and stocks that no longer meet the criteria are sold. Holdings of all stocks in the Fund that continue to meet the criteria are appropriately increased or decreased to result in an equal 2% weighting.
As of January 31, 2026, the average and median market capitalizations of the stocks held by the Fund were $33.8 billion and $6.6 billion, respectively.
HICGX - Performance
Return Ranking - Trailing
| Period | HICGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.0% | -3.4% | 36.4% | 62.58% |
| 1 Yr | 21.5% | -2.2% | 70.4% | 83.03% |
| 3 Yr | 25.0%* | 0.0% | 27.0% | 0.20% |
| 5 Yr | 12.7%* | -5.7% | 28.4% | 0.42% |
| 10 Yr | 12.0%* | 2.2% | 15.5% | 11.85% |
* Annualized
Return Ranking - Calendar
| Period | HICGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 5.0% | -59.8% | 21.0% | 34.29% |
| 2024 | 16.6% | -45.8% | 22.7% | 1.63% |
| 2023 | 19.2% | -19.9% | 29.0% | 8.42% |
| 2022 | -8.2% | -59.3% | 118.2% | 2.07% |
| 2021 | 1.8% | -27.4% | 39.3% | 78.45% |
Total Return Ranking - Trailing
| Period | HICGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.0% | -3.4% | 36.4% | 62.58% |
| 1 Yr | 21.5% | -2.2% | 70.4% | 83.03% |
| 3 Yr | 25.0%* | 0.0% | 27.0% | 0.20% |
| 5 Yr | 12.7%* | -5.7% | 28.4% | 0.42% |
| 10 Yr | 12.0%* | 2.2% | 15.5% | 11.85% |
* Annualized
Total Return Ranking - Calendar
| Period | HICGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 5.1% | -7.3% | 22.4% | 76.12% |
| 2024 | 32.1% | -14.7% | 32.4% | 0.41% |
| 2023 | 20.0% | -7.1% | 31.8% | 15.40% |
| 2022 | -4.7% | -45.2% | 123.7% | 2.07% |
| 2021 | 29.4% | 0.0% | 45.6% | 15.90% |
NAV & Total Return History
HICGX - Holdings
Concentration Analysis
| HICGX | Category Low | Category High | HICGX % Rank | |
|---|---|---|---|---|
| Net Assets | 500 M | 825 K | 177 B | 54.29% |
| Number of Holdings | 52 | 2 | 2429 | 91.84% |
| Net Assets in Top 10 | 151 M | 164 K | 14 B | 37.35% |
| Weighting of Top 10 | 30.95% | 3.9% | 110.2% | 12.50% |
Top 10 Holdings
- Astronics Corp 5.86%
- BrightSpring Health Services Inc 3.93%
- Millicom International Cellular SA 3.15%
- First American Government Obligations Fund 3.01%
- Compass Inc 2.87%
- Cardinal Health Inc 2.65%
- Fox Corp 2.50%
- PriceSmart Inc 2.41%
- Casey's General Stores Inc 2.30%
- CSG Systems International Inc 2.28%
Asset Allocation
| Weighting | Return Low | Return High | HICGX % Rank | |
|---|---|---|---|---|
| Stocks | 96.99% | 4.13% | 107.43% | 76.33% |
| Cash | 3.01% | 0.00% | 41.75% | 34.49% |
| Preferred Stocks | 0.00% | 0.00% | 2.27% | 24.29% |
| Other | 0.00% | -0.09% | 55.42% | 50.00% |
| Convertible Bonds | 0.00% | 0.00% | 3.17% | 24.34% |
| Bonds | 0.00% | 0.00% | 148.81% | 30.82% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HICGX % Rank | |
|---|---|---|---|---|
| Energy | 37.72% | 0.00% | 37.72% | 0.21% |
| Industrials | 16.82% | 8.23% | 37.42% | 47.93% |
| Basic Materials | 14.20% | 0.00% | 16.91% | 1.03% |
| Consumer Defense | 9.49% | 0.00% | 18.87% | 1.45% |
| Financial Services | 8.78% | 0.00% | 34.45% | 96.28% |
| Healthcare | 7.85% | 0.00% | 26.53% | 86.36% |
| Consumer Cyclical | 3.42% | 0.99% | 47.79% | 99.38% |
| Communication Services | 1.71% | 0.00% | 14.85% | 78.72% |
| Utilities | 0.00% | 0.00% | 18.58% | 90.70% |
| Technology | 0.00% | 0.00% | 43.95% | 99.59% |
| Real Estate | 0.00% | 0.00% | 29.43% | 96.90% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HICGX % Rank | |
|---|---|---|---|---|
| US | 96.99% | 0.00% | 107.43% | 68.16% |
| Non US | 0.00% | 0.00% | 98.75% | 36.33% |
HICGX - Expenses
Operational Fees
| HICGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.97% | 0.02% | 18.26% | 54.21% |
| Management Fee | 0.74% | 0.00% | 1.25% | 51.84% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 5.28% |
| Administrative Fee | N/A | 0.01% | 0.45% | 58.77% |
Sales Fees
| HICGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| HICGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| HICGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 98.00% | 1.00% | 314.00% | 87.32% |
HICGX - Distributions
Dividend Yield Analysis
| HICGX | Category Low | Category High | HICGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.06% | 0.00% | 42.47% | 64.49% |
Dividend Distribution Analysis
| HICGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
| HICGX | Category Low | Category High | HICGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.17% | -2.40% | 2.49% | 76.03% |
Capital Gain Distribution Analysis
| HICGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2025 | $0.023 | OrdinaryDividend |
| Dec 27, 2024 | $0.110 | OrdinaryDividend |
| Dec 05, 2024 | $4.660 | CapitalGainLongTerm |
| Dec 27, 2023 | $0.184 | OrdinaryDividend |
| Dec 28, 2022 | $0.354 | OrdinaryDividend |
| Dec 08, 2022 | $0.575 | CapitalGainLongTerm |
| Dec 07, 2021 | $6.927 | CapitalGainLongTerm |
| Dec 29, 2015 | $0.051 | OrdinaryDividend |
HICGX - Fund Manager Analysis
Managers
Neil Hennessy
Start Date
Tenure
Tenure Rank
Jul 01, 2000
21.93
21.9%
Neil is a seasoned asset manager with over four decades of financial services and investing experience. He started his career as a broker in 1979, started his first mutual fund in 1996, and today provides strategic economic and market direction for Hennessy Funds. As Chief Market Strategist, Neil analyzes the economy and financial markets to develop insights and direction to support our investment team. Embodying the Hennessy Funds' motto of "Investing, Uncompromised" Neil leads with high conviction, adhering to proven and repeatable strategies, and always in the best interest of shareholders, and he never strays from these core values. Neil began his career at Paine Webber and worked there and at Hambrecht & Quist until founding his own broker/dealer firm in 1989 and Hennessy Funds in 1996. Neil is a recognized and respected asset manager, and he is a frequent guest/contributor in national financial media. Neil received a BBA in Business Administration from the University of San Diego.
Ryan Kelley
Start Date
Tenure
Tenure Rank
Feb 28, 2017
5.25
5.3%
Kelley has been employed by Hennessy Advisors, Inc. since October 26, 2012. Prior to October 26 2012, Mr. Kelley was employed by FBR Fund Advisers, Inc. Prior to joining the FBR Advisers, Inc. in 2005, he held various positions at FBR, including senior equity analyst in the research department since 2002 and associate in corporate finance for five years prior to 2002. Kelley holds the Chartered Financial Analyst designation.
L. Wein
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Wein joined the Investment Manager in September 2018 until February 2019.Josh previously joined BB&T Asset Management in 2008 and Sterling Capital Management through merger in October 2010. He has investment experience since 1995. Josh is an investment analyst with Sterling's Advisory Solutions team with a focus on alternative investments. Prior to joining BB&T, he worked as a Managing Member of Bellator Capital Partners, a long/short equity fund focused primarily on small and mid-cap equities. He also worked as an Equity Research Associate covering enterprise software companies at First Union Securities. Josh is a graduate of Emory University where he received his BBA in Finance. He received his MBA from Vanderbilt University. He is a CAIA charterholder.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 49.61 | 7.09 | 0.54 |