Hennessy Cornerstone Mid Cap 30 Fund (HFMDX)
The fund normally invests at least 80% of its net assets 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.
Fund Info
US4258883028
425888302
Sep 17, 2003
$2,500
Mid-Cap
Blend
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hennessy Cornerstone Mid Cap 30 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 Mid Cap 30 Fund had a return of 38.03% year-to-date (YTD) and 33.63% in the last 12 months. Over the past 10 years, Hennessy Cornerstone Mid Cap 30 Fund had an annualized return of 3.63%, while the S&P 500 had an annualized return of 11.13%, indicating that Hennessy Cornerstone Mid Cap 30 Fund did not perform as well as the benchmark.
HFMDX
38.03%
2.10%
14.44%
33.63%
17.49%
3.63%
^GSPC (Benchmark)
24.05%
1.08%
11.50%
30.38%
13.77%
11.13%
Monthly Returns
The table below presents the monthly returns of HFMDX, 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 | -0.71% | 11.63% | 6.08% | -4.18% | 10.20% | -1.59% | 7.00% | -0.43% | 1.48% | 1.49% | 38.03% | ||
| 2023 | 7.87% | 2.17% | -0.98% | -3.69% | 0.63% | 11.93% | 7.16% | -4.50% | -0.89% | -5.31% | 8.51% | -3.80% | 18.69% |
| 2022 | -4.79% | 4.87% | 3.68% | -2.61% | 3.19% | -13.43% | 10.76% | 2.35% | -9.19% | 14.58% | 3.79% | -23.03% | -15.15% |
| 2021 | 9.12% | 8.18% | 5.83% | 1.28% | 2.52% | -0.93% | -0.99% | -0.05% | -6.57% | 6.17% | -2.48% | 3.42% | 27.24% |
| 2020 | -0.16% | -10.64% | -29.72% | 19.70% | 11.84% | 2.62% | 10.68% | 7.10% | 3.00% | -0.75% | 12.58% | 4.95% | 23.37% |
| 2019 | 10.84% | 3.20% | -2.07% | 1.79% | -9.27% | 7.66% | -0.25% | -4.84% | 3.10% | 0.33% | 4.66% | 1.11% | 15.76% |
| 2018 | 0.25% | -8.14% | 1.05% | 2.61% | 4.41% | -1.58% | 0.46% | -0.05% | -4.06% | -9.54% | -0.24% | -34.76% | -44.35% |
| 2017 | 1.28% | 3.70% | -0.98% | 0.99% | -1.12% | 1.97% | 1.11% | -0.48% | 5.01% | 2.93% | 2.76% | -14.52% | 1.18% |
| 2016 | -5.29% | 3.13% | 6.24% | -4.52% | 1.36% | -1.13% | 4.78% | -1.92% | 1.27% | -4.12% | 7.40% | -1.17% | 5.18% |
| 2015 | -2.41% | 6.30% | 1.50% | -0.25% | 4.18% | 1.61% | 3.03% | -4.44% | -3.66% | 2.03% | -2.63% | -5.23% | -0.72% |
| 2014 | -1.88% | 5.92% | 2.20% | 0.00% | 3.70% | 4.48% | -3.88% | 5.41% | -6.49% | 2.26% | 4.11% | -5.46% | 9.74% |
| 2013 | 9.24% | 0.84% | 4.48% | -0.06% | 2.09% | -3.73% | 4.43% | -6.22% | 6.88% | 3.28% | 4.79% | -6.02% | 20.38% |
Expense Ratio
HFMDX has a high expense ratio of 1.36%, indicating higher-than-average management fees.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of HFMDX is 43, 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 Mid Cap 30 Fund (HFMDX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Hennessy Cornerstone Mid Cap 30 Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.02 |
Dividend yield | 0.00% | 0.00% | 0.00% | 1.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% | 0.00% | 0.11% |
Monthly Dividends
The table displays the monthly dividend distributions for Hennessy Cornerstone Mid Cap 30 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 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.02 | $0.02 |
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 Mid Cap 30 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 Mid Cap 30 Fund was 71.75%, occurring on Mar 18, 2020. Recovery took 1007 trading sessions.
The current Hennessy Cornerstone Mid Cap 30 Fund drawdown is 3.47%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -71.75% | Dec 1, 2017 | 576 | Mar 18, 2020 | 1007 | Mar 19, 2024 | 1583 |
| -61.25% | Jul 16, 2007 | 415 | Mar 9, 2009 | 975 | Jan 23, 2013 | 1390 |
| -24.42% | Aug 18, 2015 | 123 | Feb 11, 2016 | 413 | Oct 2, 2017 | 536 |
| -20.83% | May 11, 2006 | 23 | Jun 13, 2006 | 216 | Apr 25, 2007 | 239 |
| -17.07% | Apr 6, 2004 | 90 | Aug 13, 2004 | 67 | Nov 17, 2004 | 157 |
Volatility
Volatility Chart
The current Hennessy Cornerstone Mid Cap 30 Fund volatility is 4.85%, 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.