Hennessy Cornerstone Mid Cap 30 Fund Institutional Class (HIMDX)
| Fund Assets | 1.31B |
| Expense Ratio | 0.95% |
| Min. Investment | $250,000 |
| Turnover | 94.00% |
| Dividend (ttm) | 4.45 |
| Dividend Yield | 18.45% |
| Dividend Growth | 128.82% |
| Payout Frequency | Semi-Annual |
| Ex-Dividend Date | Dec 27, 2024 |
| Previous Close | 23.70 |
| YTD Return | -0.34% |
| 1-Year Return | 10.07% |
| 5-Year Return | 236.50% |
| 52-Week Low | 18.84 |
| 52-Week High | 30.63 |
| Beta (5Y) | n/a |
| Holdings | 32 |
| Inception Date | Mar 3, 2008 |
About HIMDX
The Hennessy Cornerstone Mid Cap 30 Fund Institutional Class is an actively managed mutual fund that targets long-term capital growth through a disciplined, quantitatively driven strategy. The fund invests primarily in a concentrated portfolio of 30 U.S. mid-cap companies, selecting stocks based on a proprietary formula emphasizing both value and momentum characteristics. Selection criteria include firms with market capitalizations between $1 and $10 billion, price-to-sales ratios below 1.5, annual earnings growth, and positive recent stock price momentum. This fund is notable for its transparent, rules-based process and annual rebalancing approach, which seeks to identify undervalued mid-cap stocks with proven growth potential. The portfolio is typically diversified across multiple sectors, with significant allocations to consumer discretionary, financial services, and industrials, reflecting its focus on key drivers of the U.S. economy. By maintaining a tight focus on mid-cap equities, the fund serves investors seeking exposure to companies that are often considered to be in the "sweet spot"—large enough to be stable, yet small enough to offer meaningful growth opportunities within the market.
Performance
HIMDX had a total return of 10.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.65%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| HFMDX | Investor Class | 1.33% |
Top 10 Holdings
42.44% of assets| Name | Symbol | Weight |
|---|---|---|
| Brinker International, Inc. | EAT | 5.57% |
| UGI Corporation | UGI | 4.97% |
| Peloton Interactive, Inc. | PTON | 4.53% |
| The Cheesecake Factory Incorporated | CAKE | 4.49% |
| Cinemark Holdings, Inc. | CNK | 3.99% |
| Ingredion Incorporated | INGR | 3.79% |
| Granite Construction Incorporated | GVA | 3.79% |
| Alaska Air Group, Inc. | ALK | 3.78% |
| Post Holdings, Inc. | POST | 3.77% |
| Nordstrom, Inc. | JWN | 3.75% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.12141 | Dec 27, 2024 |
| Dec 5, 2024 | $4.45095 | Dec 5, 2024 |
| Dec 7, 2023 | $1.9982 | Dec 7, 2023 |
| Dec 8, 2022 | $3.7795 | Dec 8, 2022 |
| Dec 29, 2021 | $0.3515 | Dec 29, 2021 |
| Dec 7, 2018 | $4.59433 | Dec 7, 2018 |