Hennessy Cornerstone Value Fund
Name
As of 06/01/2026Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
12.7%
1 yr return
25.6%
3 Yr Avg Return
16.7%
5 Yr Avg Return
11.8%
Net Assets
$330 M
Holdings in Top 10
20.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.00%
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
HICVX - Profile
Distributions
- YTD Total Return 12.7%
- 3 Yr Annualized Total Return 16.7%
- 5 Yr Annualized Total Return 11.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.67%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameHennessy Cornerstone Value Fund
-
Fund Family NameHennessy Funds Trust
-
Inception DateMar 03, 2008
-
Shares Outstanding1258704
-
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 larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy (the “Value Strategy”). From the investable common stocks of public companies in the S&P Capital IQ Database, the Value Strategy identifies the 50 common stocks with the highest dividend yield as of the date of purchase that also meet the following criteria:
• Above-average market capitalization
• Above-average number of shares outstanding
• Twelve-month sales that are 50% greater than the average
• Above-average cash flow
The Fund purchases these 50 stocks weighted equally by dollar amount, with 2% of the portfolio’s assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter. Stocks meeting the Value 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 $217.5 billion and $186.1 billion, respectively.
HICVX - Performance
Return Ranking - Trailing
| Period | HICVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.7% | -6.3% | 48.0% | 15.32% |
| 1 Yr | 25.6% | -0.8% | 92.5% | 26.44% |
| 3 Yr | 16.7%* | -0.2% | 43.3% | 37.57% |
| 5 Yr | 11.8%* | 0.2% | 25.0% | 11.28% |
| 10 Yr | 9.9%* | 4.0% | 27.7% | 75.48% |
* Annualized
Return Ranking - Calendar
| Period | HICVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 10.2% | -43.6% | 32.4% | 24.76% |
| 2024 | 4.9% | -34.7% | 47.5% | 53.83% |
| 2023 | 2.3% | -16.9% | 46.1% | 74.05% |
| 2022 | -3.8% | -43.2% | 4.6% | 5.94% |
| 2021 | 23.9% | -44.1% | 57.5% | 13.82% |
Total Return Ranking - Trailing
| Period | HICVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 12.7% | -6.3% | 48.0% | 15.32% |
| 1 Yr | 25.6% | -0.8% | 92.5% | 26.44% |
| 3 Yr | 16.7%* | -0.2% | 43.3% | 37.57% |
| 5 Yr | 11.8%* | 0.2% | 25.0% | 11.28% |
| 10 Yr | 9.9%* | 4.0% | 27.7% | 75.48% |
* Annualized
Total Return Ranking - Calendar
| Period | HICVX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2025 | 18.6% | -0.4% | 32.7% | 16.68% |
| 2024 | 9.8% | -17.4% | 47.5% | 87.83% |
| 2023 | 6.0% | -15.9% | 46.7% | 84.87% |
| 2022 | 6.4% | -42.0% | 8.5% | 1.27% |
| 2021 | 30.2% | 6.9% | 129.7% | 12.63% |
NAV & Total Return History
HICVX - Holdings
Concentration Analysis
| HICVX | Category Low | Category High | HICVX % Rank | |
|---|---|---|---|---|
| Net Assets | 330 M | 2.59 M | 238 B | 75.45% |
| Number of Holdings | 51 | 2 | 1671 | 79.12% |
| Net Assets in Top 10 | 65.8 M | 603 K | 47.6 B | 79.43% |
| Weighting of Top 10 | 20.91% | 4.5% | 99.2% | 86.01% |
Top 10 Holdings
- Verizon Communications Inc 2.17%
- Petroleo Brasileiro SA - Petrobras 2.15%
- Gilead Sciences Inc 2.12%
- Texas Instruments Inc 2.12%
- ATT Inc 2.12%
- T-Mobile US Inc 2.06%
- Philip Morris International Inc 2.05%
- GSK PLC 2.05%
- Colgate-Palmolive Co 2.04%
- Cisco Systems Inc 2.04%
Asset Allocation
| Weighting | Return Low | Return High | HICVX % Rank | |
|---|---|---|---|---|
| Stocks | 98.34% | 3.70% | 130.75% | 53.10% |
| Cash | 1.66% | 0.00% | 26.41% | 40.29% |
| Preferred Stocks | 0.00% | 0.00% | 22.62% | 82.27% |
| Other | 0.00% | -1.51% | 19.37% | 79.01% |
| Convertible Bonds | 0.00% | 0.00% | 3.66% | 81.95% |
| Bonds | 0.00% | 0.00% | 127.82% | 82.37% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HICVX % Rank | |
|---|---|---|---|---|
| Energy | 19.88% | 0.00% | 54.00% | 2.11% |
| Consumer Defense | 18.40% | 0.00% | 34.10% | 2.64% |
| Financial Services | 17.63% | 0.00% | 58.05% | 66.35% |
| Healthcare | 16.00% | 0.00% | 27.67% | 64.24% |
| Technology | 13.97% | 0.00% | 54.02% | 24.16% |
| Communication Services | 8.15% | 0.00% | 26.58% | 15.08% |
| Industrials | 3.96% | 0.00% | 42.76% | 95.68% |
| Basic Materials | 2.01% | 0.00% | 20.01% | 76.16% |
| Utilities | 0.00% | 0.00% | 27.04% | 97.68% |
| Real Estate | 0.00% | 0.00% | 90.54% | 97.26% |
| Consumer Cyclical | 0.00% | 0.00% | 22.74% | 99.68% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HICVX % Rank | |
|---|---|---|---|---|
| US | 98.34% | 3.70% | 130.75% | 39.77% |
| Non US | 0.00% | 0.00% | 27.70% | 86.15% |
HICVX - Expenses
Operational Fees
| HICVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.03% | 7.64% | 41.52% |
| Management Fee | 0.74% | 0.00% | 1.50% | 83.47% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | 20.19% |
| Administrative Fee | N/A | 0.01% | 0.50% | 73.20% |
Sales Fees
| HICVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 0.95% | 4.00% | N/A |
Trading Fees
| HICVX 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.
| HICVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.00% | 0.00% | 240.00% | 56.11% |
HICVX - Distributions
Dividend Yield Analysis
| HICVX | Category Low | Category High | HICVX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.44% | 0.00% | 16.67% | 40.34% |
Dividend Distribution Analysis
| HICVX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| HICVX | Category Low | Category High | HICVX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.67% | -1.51% | 4.28% | 4.71% |
Capital Gain Distribution Analysis
| HICVX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 29, 2025 | $0.617 | OrdinaryDividend |
| Dec 04, 2025 | $0.013 | CapitalGainShortTerm |
| Dec 04, 2025 | $1.066 | CapitalGainLongTerm |
| Dec 27, 2024 | $0.717 | OrdinaryDividend |
| Dec 05, 2024 | $0.258 | CapitalGainShortTerm |
| Dec 05, 2024 | $0.258 | OrdinaryDividend |
| Dec 27, 2023 | $0.704 | OrdinaryDividend |
| Dec 28, 2022 | $0.546 | OrdinaryDividend |
| Dec 08, 2022 | $1.450 | CapitalGainLongTerm |
| Dec 29, 2021 | $0.560 | OrdinaryDividend |
| Dec 07, 2021 | $0.430 | CapitalGainLongTerm |
| Dec 29, 2020 | $0.441 | OrdinaryDividend |
| Dec 27, 2019 | $0.495 | OrdinaryDividend |
| Dec 06, 2019 | $0.675 | CapitalGainLongTerm |
| Dec 27, 2018 | $0.450 | OrdinaryDividend |
| Dec 27, 2017 | $0.459 | OrdinaryDividend |
| Dec 07, 2017 | $0.199 | CapitalGainShortTerm |
| Dec 07, 2017 | $2.337 | CapitalGainLongTerm |
| Dec 28, 2016 | $0.488 | OrdinaryDividend |
| Dec 29, 2015 | $0.420 | OrdinaryDividend |
| Dec 31, 2014 | $0.437 | OrdinaryDividend |
| Dec 31, 2013 | $0.473 | OrdinaryDividend |
| Dec 31, 2012 | $0.416 | OrdinaryDividend |
| Dec 27, 2011 | $0.461 | OrdinaryDividend |
| Dec 30, 2010 | $0.414 | OrdinaryDividend |
| Dec 29, 2009 | $0.226 | OrdinaryDividend |
| Dec 30, 2008 | $0.566 | OrdinaryDividend |
HICVX - 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 |
|---|---|---|---|
| 0.13 | 86.59 | 8.32 | 6.71 |