Hennessy Cornerstone Growth Fund Inv Cl
HFCGX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7250 Redwood Boulevard Nevato CA United States of America 94945
- IPO Date
- Nov 1, 1996
- CIK
- 0001017953
- Website
- hennessyfunds.com
- Similar Companies
- Business
- Hennessy Cornerstone Growth Fund Investor Class (HFCGX) is a quantitatively managed mutual fund that seeks capital appreciation by investing in a concentrated portfolio of 50 small- and mid-cap blend common stocks exhibiting growth at a reasonable price. The Fund selects securities using a proprietary formula that targets the highest one-year price appreciation among companies meeting strict criteria, including market capitalization exceeding $175 million; price-to-sales ratio below 1.5; year-over-year earnings growth; and positive price appreciation over the prior three- and six-month periods; the portfolio undergoes an annual 100% turnover rebalance to maintain discipline. It offers Investor Class (HFCGX) shares with a gross expense ratio of 1.29% and a minimum initial investment of $2,500, alongside Institutional Class (HICGX) shares with a 0.97% expense ratio; as of September 30, 2025, total fund assets stood at $489 million, with a median market cap of $5.7 billion, median P/E of 13.1x, and sector overweightings in financials (27.8%), consumer staples (20.1%), and communication services (14.7%) relative to the Russell 2000 Index. Hennessy Advisors, Inc., the Fund's investment adviser founded in 1989 and headquartered in Novato, California, with additional offices in Boston, Massachusetts; Chapel Hill, North Carolina; and Austin, Texas, originally acquired the Cornerstone Growth strategy in 2000 and has since expanded its lineup through strategic fund acquisitions. The Fund primarily targets individual and institutional investors seeking exposure to U.S. small-blend equities, with 91.5% allocated to U.S. companies and 9.9% international as of September 30, 2025; portfolio managers include Neil J. Hennessy (Chief Market Strategist, 25 years on fund), Ryan C. Kelley (Chief Investment Officer, 8 years), and Josh Wein. It benchmarks against the Russell 2000 Index and S&P 500 Index, delivering a 5-star Morningstar rating for 3- and 5-year periods among 568 small-blend funds as of September 30, 2025. In recent developments, Hennessy Advisors reported strong fiscal 2025 results ended September 30, 2025, with a 40% increase in net income to $10.0 million, 38% rise in diluted EPS to $1.01, and average assets under management of $4.5 billion (up 22%), supported by higher average assets despite ending AUM at $4.24 billion; all 17 Hennessy Funds, including HFCGX, posted positive 1- and 3-year returns through that date. In March 2025, the firm signed a definitive agreement to acquire assets of STF Management's Tactical Growth ETF (TUG) and Tactical Growth & Income ETF (TUGN), totaling ~$220 million in AUM, for reorganization into Hennessy ETFs by Q3 2025, adding ETF expansion to its growth-through-acquisition strategy and welcoming portfolio manager Jonathan Molchan. The Cornerstone Growth Fund maintained its rules-based approach amid market volatility, with a July 2025 rebalance emphasizing financials and consumer staples for resilience.