Hennessy Cornerstone Large Cap Growth Fund (HFLGX)
The fund invests in growth-oriented common stocks of larger companies by utilizing a quantitative formula known as the Cornerstone Large Growth Formula (the "Large Growth Formula"). It purchases 50 stocks weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Large Growth Formula, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
Fund Info
| ISIN | US42588P2056 |
|---|---|
| CUSIP | 42588P205 |
| Issuer | Hennessy |
| Inception Date | Mar 20, 2009 |
| Category | Large Cap Value Equities |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
HFLGX has a high expense ratio of 1.29%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: HFLGX vs. PEY, HFLGX vs. FXAIX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Cornerstone Large Cap Growth 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 Large Cap Growth Fund had a return of 7.80% year-to-date (YTD) and 16.66% in the last 12 months. Over the past 10 years, Hennessy Cornerstone Large Cap Growth Fund had an annualized return of 7.67%, while the S&P 500 had an annualized return of 10.88%, indicating that Hennessy Cornerstone Large Cap Growth Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.80% | 18.13% |
| 1 month | 1.52% | 1.45% |
| 6 months | -0.66% | 8.81% |
| 1 year | 16.66% | 26.52% |
| 5 years (annualized) | 12.17% | 13.43% |
| 10 years (annualized) | 7.67% | 10.88% |
Monthly Returns
The table below presents the monthly returns of HFLGX, 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 | -1.61% | 5.20% | 7.11% | -5.26% | 1.11% | -2.20% | 4.15% | 0.17% | 7.80% | ||||
| 2023 | 9.24% | -3.27% | -1.29% | -1.21% | -2.34% | 10.86% | 6.31% | -2.75% | -3.73% | -4.82% | 7.45% | 7.21% | 21.74% |
| 2022 | -4.98% | -1.13% | 2.53% | -6.60% | -0.17% | -13.31% | 9.65% | -3.14% | -9.73% | 12.12% | 8.61% | -4.52% | -13.23% |
| 2021 | 0.72% | 7.42% | 10.40% | 2.79% | 0.88% | 0.73% | 1.88% | 1.77% | -5.29% | 5.44% | -1.74% | 6.28% | 34.89% |
| 2020 | -3.88% | -10.04% | -17.73% | 13.43% | 5.47% | 2.33% | 5.59% | 5.98% | -1.85% | -3.77% | 11.56% | 2.71% | 5.49% |
| 2019 | 8.42% | 2.28% | 0.20% | 3.94% | -10.30% | 8.88% | 3.09% | -4.05% | 3.72% | 2.23% | 4.84% | 2.84% | 27.53% |
| 2018 | 5.47% | -3.40% | -2.40% | -2.05% | 1.42% | 0.41% | 3.45% | 2.70% | -0.39% | -4.89% | 2.37% | -28.19% | -26.60% |
| 2017 | 0.55% | 3.19% | -0.09% | 0.35% | 1.23% | 0.87% | 0.26% | -1.98% | 3.60% | -0.42% | 6.13% | 2.45% | 17.10% |
| 2016 | -3.33% | 3.12% | 6.36% | -3.53% | -2.54% | -1.77% | 6.48% | 1.39% | 1.08% | -0.10% | 7.98% | 5.66% | 21.80% |
| 2015 | -2.17% | 5.66% | -1.01% | -0.07% | 0.07% | -2.63% | 0.00% | -5.86% | -3.75% | 7.62% | -0.31% | -3.70% | -6.72% |
| 2014 | -3.02% | 4.78% | 2.61% | 1.62% | 1.81% | 0.68% | -1.22% | 4.74% | -2.49% | 1.88% | 3.23% | 0.63% | 15.96% |
| 2013 | 5.01% | 0.80% | 3.68% | 0.51% | 3.20% | -1.30% | 6.03% | -2.26% | 3.58% | 4.31% | 2.95% | 3.32% | 33.80% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HFLGX is 30, 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 Large Cap Growth Fund (HFLGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Cornerstone Large Cap Growth Fund granted a 3.47% dividend yield in the last twelve months. The annual payout for that period amounted to $0.42 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.42 | $0.42 | $1.84 | $1.87 | $0.58 | $0.27 | $0.09 | $0.50 | $0.78 | $2.89 | $2.38 | $0.82 |
Dividend yield | 3.47% | 3.74% | 19.36% | 14.30% | 5.26% | 2.43% | 0.98% | 4.11% | 7.15% | 30.08% | 17.80% | 6.05% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Cornerstone Large Cap Growth 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 | |||
| 2023 | $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 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.84 | $1.84 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.87 | $1.87 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2017 | $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 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.78 | $0.78 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.89 | $2.89 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.38 | $2.38 |
| 2013 | $0.82 | $0.82 |
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 Large Cap Growth 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 Large Cap Growth Fund was 46.15%, occurring on Mar 23, 2020. Recovery took 231 trading sessions.
The current Hennessy Cornerstone Large Cap Growth Fund drawdown is 2.75%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.15% | Jan 29, 2018 | 541 | Mar 23, 2020 | 231 | Feb 22, 2021 | 772 |
| -25.67% | Jan 5, 2022 | 182 | Sep 26, 2022 | 202 | Jul 18, 2023 | 384 |
| -20.13% | Jul 8, 2011 | 61 | Oct 3, 2011 | 94 | Feb 16, 2012 | 155 |
| -18.54% | Apr 24, 2015 | 203 | Feb 11, 2016 | 190 | Nov 10, 2016 | 393 |
| -12.71% | Jun 2, 2009 | 25 | Jul 7, 2009 | 19 | Aug 3, 2009 | 44 |
Volatility
Volatility Chart
The current Hennessy Cornerstone Large Cap Growth Fund volatility is 3.92%, 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.