Hennessy Cornerstone Value Fund (HFCVX)
The fund invests in larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy (the "Value Strategy"). It purchases 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.
Fund Info
| ISIN | US4258882038 |
|---|---|
| CUSIP | 425888203 |
| Issuer | Hennessy |
| Inception Date | Nov 1, 1996 |
| Category | Large Cap Value Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
HFCVX has a high expense ratio of 1.23%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: HFCVX vs. PEY
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Cornerstone Value Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Hennessy Cornerstone Value Fund had a return of 14.41% year-to-date (YTD) and 23.68% in the last 12 months. Over the past 10 years, Hennessy Cornerstone Value Fund had an annualized return of 4.44%, while the S&P 500 had an annualized return of 11.33%, indicating that Hennessy Cornerstone Value Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 14.41% | 24.30% |
| 1 month | 0.91% | 4.09% |
| 6 months | 9.10% | 14.29% |
| 1 year | 23.68% | 35.42% |
| 5 years (annualized) | 7.08% | 13.95% |
| 10 years (annualized) | 4.44% | 11.33% |
Monthly Returns
The table below presents the monthly returns of HFCVX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.26% | 0.47% | 5.15% | -2.10% | 3.15% | -1.45% | 3.98% | 3.12% | -0.23% | -0.64% | 14.41% | ||
| 2023 | 2.86% | -3.19% | -0.43% | 2.40% | -6.16% | 6.00% | 3.57% | -2.78% | -1.61% | -3.97% | 5.46% | 4.43% | 5.81% |
| 2022 | 3.77% | -0.54% | 2.57% | -2.99% | 6.05% | -8.98% | 2.26% | -2.21% | -7.92% | 13.34% | 6.16% | -10.06% | -1.22% |
| 2021 | 0.32% | 6.23% | 7.76% | 1.92% | 3.99% | -0.31% | -1.30% | 1.16% | -1.72% | 3.87% | -2.30% | 5.20% | 27.11% |
| 2020 | -5.30% | -9.55% | -16.41% | 9.25% | 1.91% | 0.87% | 1.58% | 4.09% | -5.01% | -2.35% | 16.14% | 2.21% | -6.38% |
| 2019 | 7.18% | 1.83% | 0.78% | 2.85% | -8.02% | 6.33% | 0.29% | -2.59% | 3.92% | 1.22% | 3.16% | -0.86% | 16.28% |
| 2018 | 4.47% | -6.37% | -0.73% | 1.67% | 1.08% | -0.10% | 3.41% | 0.20% | 0.49% | -5.63% | 1.30% | -19.42% | -20.03% |
| 2017 | 1.99% | 2.26% | -0.20% | -0.55% | 0.66% | 1.81% | 2.18% | -1.40% | 4.61% | 0.75% | 2.56% | -8.73% | 5.44% |
| 2016 | -3.97% | 1.63% | 8.13% | 1.25% | -0.62% | 0.34% | 4.01% | 0.33% | 0.11% | -0.81% | 4.63% | 1.49% | 17.23% |
| 2015 | -3.19% | 4.14% | -2.34% | 4.13% | -1.82% | -2.29% | -1.51% | -4.99% | -3.40% | 9.27% | -0.57% | -3.05% | -6.35% |
| 2014 | -3.45% | 3.76% | 1.81% | 2.47% | 1.34% | 1.10% | -1.75% | 3.17% | -1.40% | 0.60% | 2.55% | -1.42% | 8.84% |
| 2013 | 5.48% | 0.34% | 3.75% | 2.36% | 0.51% | -1.08% | 4.13% | -2.60% | 1.97% | 5.43% | 1.89% | 1.82% | 26.41% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HFCVX is 58, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hennessy Cornerstone Value Fund (HFCVX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Cornerstone Value Fund provided a 3.12% dividend yield over the last twelve months, with an annual payout of $0.69 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.69 | $0.69 | $0.50 | $0.51 | $0.41 | $0.47 | $0.41 | $0.42 | $0.43 | $0.43 | $0.41 | $0.43 |
Dividend yield | 3.12% | 3.57% | 2.67% | 2.62% | 2.58% | 2.69% | 2.68% | 2.11% | 2.26% | 2.57% | 2.23% | 2.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Cornerstone Value Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.69 | $0.69 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.50 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.43 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.41 | $0.41 |
| 2013 | $0.43 | $0.43 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Hennessy Cornerstone Value Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Hennessy Cornerstone Value Fund was 65.76%, occurring on Mar 9, 2009. Recovery took 911 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -65.76% | Oct 15, 2007 | 351 | Mar 9, 2009 | 911 | Oct 17, 2012 | 1262 |
| -48.32% | Dec 5, 2017 | 577 | Mar 23, 2020 | 445 | Dec 27, 2021 | 1022 |
| -36.76% | May 12, 1999 | 213 | Mar 7, 2000 | 957 | Jan 5, 2004 | 1170 |
| -19.88% | Apr 20, 1998 | 96 | Aug 31, 1998 | 164 | Apr 16, 1999 | 260 |
| -17.95% | Apr 29, 2015 | 184 | Jan 20, 2016 | 122 | Jul 14, 2016 | 306 |
Volatility
Volatility Chart
The current Hennessy Cornerstone Value Fund volatility is 2.86%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.