The investment seeks long-term growth of capital.
The fund may invest in any company whose securities are listed on a U.S. national securities exchange, including through ADRs, which are U.S. dollar-denominated securities of foreign issuers listed on U.S. national securities exchanges. The fund invests in growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Growth Strategy. It purchases these 50 stocks weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Growth Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
The average market capitalization across the Hennessy Cornerstone Growth Inst MF is 9.95B. The market cap for tickers in the group ranges from 2B to 16.8B. JBL holds the highest valuation in this group at 16.8B. The lowest valued company is STRL at 2B.
The average weekly volume growth across all stocks in the Hennessy Cornerstone Growth Inst MF was -45%. For the same stocks of the MF, the average monthly volume growth was -48% and the average quarterly volume growth was -57%
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Valuation Rating: 51
P/E Growth Rating: 41
Price Growth Rating: 46
SMR Rating: 46
Profit Risk Rating: 38
Seasonality Score: -11 (-100 ... +100)