HIMDX: Hennessy Cornerstone Mid Cap 30 Instl

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HIMDX Hennessy Cornerstone Mid Cap 30 Instl


Profile

HIMDX - Profile

Vitals

  • YTD Return 3.3%
  • 3 Yr Annualized Return -14.7%
  • 5 Yr Annualized Return -8.1%
  • Net Assets $302 M
  • Holdings in Top 10 41.6%

52 WEEK LOW AND HIGH

$13.61
$6.77
$14.05

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.00%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 70.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $250,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 3.3%
  • 3 Yr Annualized Total Return 0.1%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.20%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Hennessy Cornerstone Mid Cap 30 Fund
  • Fund Family Name
    Hennessy
  • Inception Date
    Mar 03, 2008
  • Shares Outstanding
    9767414
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Neil Hennessy

Fund Description

The fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, 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.


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Categories

Performance

HIMDX - Performance

Return Ranking - Trailing

Period HIMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -42.4% 1956.3% 7.58%
1 Yr 10.7% -62.9% 2011.3% 3.70%
3 Yr -14.7%* -29.8% 180.4% 95.31%
5 Yr -8.1%* -21.9% 94.6% 94.42%
10 Yr 2.5%* -10.0% 11.8% 51.79%

* Annualized

Return Ranking - Calendar

Period HIMDX Return Category Return Low Category Return High Rank in Category (%)
2019 16.0% -23.6% 40.9% 78.49%
2018 -43.9% -44.3% -1.3% 99.70%
2017 1.5% -13.5% 18.9% 79.34%
2016 5.6% -16.4% 23.6% 81.06%
2015 -0.8% -40.7% 2.9% 2.98%

Total Return Ranking - Trailing

Period HIMDX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.3% -42.4% 1956.3% 7.58%
1 Yr 10.7% -62.9% 2011.3% 3.70%
3 Yr 0.1%* -29.8% 180.4% 40.94%
5 Yr 1.5%* -21.9% 94.6% 60.56%
10 Yr 9.4%* -9.1% 11.9% 13.69%

* Annualized

Total Return Ranking - Calendar

Period HIMDX Return Category Return Low Category Return High Rank in Category (%)
2019 16.0% -23.6% 40.9% 78.49%
2018 -24.1% -44.3% 0.1% 84.87%
2017 21.2% -8.7% 24.9% 2.30%
2016 6.2% -4.7% 26.2% 90.15%
2015 0.2% -40.3% 3.9% 6.81%

NAV & Total Return History


Holdings

HIMDX - Holdings

Concentration Analysis

HIMDX Category Low Category High HIMDX % Rank
Net Assets 302 M 118 K 116 B 56.67%
Number of Holdings 31 1 3252 90.83%
Net Assets in Top 10 112 M 59.1 K 9.84 B 39.72%
Weighting of Top 10 41.55% 3.9% 100.0% 16.67%

Top 10 Holdings

  1. Synaptics Inc 5.42%
  2. RH 5.18%
  3. Williams-Sonoma Inc 4.28%
  4. Lithia Motors Inc Class A 4.14%
  5. Syneos Health Inc A 4.01%
  6. Synnex Corp 3.81%
  7. Meritage Homes Corp 3.79%
  8. LPL Financial Holdings Inc 3.65%
  9. Crown Holdings Inc 3.64%
  10. AECOM 3.61%

Asset Allocation

Weighting Return Low Return High HIMDX % Rank
Stocks
98.58% 86.14% 100.11% 51.11%
Cash
1.42% -4.60% 13.86% 45.56%
Preferred Stocks
0.00% 0.00% 2.78% 37.78%
Other
0.00% -1.03% 3.76% 37.22%
Convertible Bonds
0.00% 0.00% 2.28% 36.39%
Bonds
0.00% 0.00% 5.39% 42.22%

Stock Sector Breakdown

Weighting Return Low Return High HIMDX % Rank
Consumer Cyclical
42.57% 0.00% 42.57% 0.28%
Technology
20.64% 1.56% 33.17% 21.67%
Financial Services
16.61% 0.58% 42.16% 16.67%
Industrials
13.06% 0.00% 50.75% 76.67%
Healthcare
4.07% 2.58% 22.42% 95.83%
Communication Services
3.05% 0.00% 32.28% 52.78%
Utilities
0.00% 0.00% 16.65% 90.28%
Real Estate
0.00% 0.00% 30.44% 95.56%
Energy
0.00% 0.00% 15.09% 90.28%
Consumer Defense
0.00% 0.00% 14.06% 95.83%
Basic Materials
0.00% 0.00% 10.92% 96.39%

Stock Geographic Breakdown

Weighting Return Low Return High HIMDX % Rank
US
98.58% 81.06% 99.99% 20.56%
Non US
0.00% 0.00% 17.00% 94.72%

Expenses

HIMDX - Expenses

Operational Fees

HIMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.02% 19.45% 55.23%
Management Fee 0.74% 0.00% 1.50% 55.83%
12b-1 Fee N/A 0.00% 1.00% 8.33%
Administrative Fee N/A 0.01% 0.40% 54.55%

Sales Fees

HIMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

HIMDX 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.

HIMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 70.00% 2.00% 962.00% 69.12%

Distributions

HIMDX - Distributions

Dividend Yield Analysis

HIMDX Category Low Category High HIMDX % Rank
Dividend Yield 0.00% 0.00% 5.52% 37.43%

Dividend Distribution Analysis

HIMDX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

HIMDX Category Low Category High HIMDX % Rank
Net Income Ratio 0.20% -6.46% 2.17% 74.01%

Capital Gain Distribution Analysis

HIMDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

HIMDX - Fund Manager Analysis

Managers

Neil Hennessy


Start Date

Tenure

Tenure Rank

Sep 17, 2003

16.97

17.0%

Mr. Hennessy has been the Chief Executive Officer and Chairman of the Board of Directors of Hennessy Advisors, Inc. since its organization in 1989.

Ryan Kelley


Start Date

Tenure

Tenure Rank

Feb 28, 2017

3.51

3.5%

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

1.51

1.5%

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 26.09 6.05 4.04