Hennessy Cornerstone is trading at 22.68 as of the 16th of May 2025; that is 1.02 percent up since the beginning of the trading day. The fund's open price was 22.45. Hennessy Cornerstone has about a 22 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 17th of November 2024 and ending today, the 16th of May 2025. Click here to learn more.
The fund normally invests at least 80 percent of its net assets in mid-cap growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Mid Cap 30 Formula . It purchases 30 stocks weighted equally by dollar amount, with 3.33 percent of the portfolios assets invested in each. More on Hennessy Nerstone Mid
Hennessy Nerstone Mid [HIMDX] is traded in USA and was established 16th of May 2025. Hennessy Cornerstone is listed under Hennessy category by Fama And French industry classification. The fund is listed under Small Blend category and is part of Hennessy family. This fund currently has accumulated 462.15 M in assets under management (AUM) with minimum initial investment of 250 K. Hennessy Nerstone Mid is currently producing year-to-date (YTD) return of 1.18% with the current yeild of 0.0%, while the total return for the last 3 years was 18.59%.
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Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Hennessy Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Hennessy Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Hennessy Nerstone Mid Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Hennessy Nerstone Mid Mutual Fund Constituents
Other Information on Investing in Hennessy Mutual Fund
Hennessy Cornerstone financial ratios help investors to determine whether Hennessy Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hennessy with respect to the benefits of owning Hennessy Cornerstone security.
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