HICVX – Hennessy Cornerstone Value Inst Investment Strategy | Morningstar

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Strategy

The investment seeks total return, consisting of capital appreciation and current income. The fund invests in larger, dividend-paying common stocks by utilizing a quantitative formula known as the Cornerstone Value Strategy (the "Value Strategy"). It purchases 50 stocks weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HFCVX	Hennessy Cornerstone Value Fund Investor Class	No Load	Open			Nov 1, 1996	$316.70M	1.210%	High	$2,500	−$19.57M
HICVX	Hennessy Cornerstone Value Fund Class Institutional	Institutional	Open			Mar 3, 2008	$11.42M	0.990%	High	$250,000	−$396,388.86

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