HIMDX – Hennessy Cornerstone Mid Cap 30 Instl Investment Strategy | Morningstar

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Strategy

The investment seeks long-term growth of capital. The fund normally invests at least 80% of its net assets in mid-cap growth-oriented common stocks by utilizing a quantitative formula known as the Cornerstone Mid Cap 30 Formula (the “Mid Cap 30 Formula”). It purchases 30 stocks weighted equally by dollar amount, with 3.33% of the portfolio's assets invested in each. Using the Mid Cap 30 Formula, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the fall.

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
HFMDX	Hennessy Cornerstone Mid Cap 30 Fund Investor Class	No Load	Open			Sep 17, 2003	$406.62M	1.340%	High	$2,500	−$85.45M
HIMDX	Hennessy Cornerstone Mid Cap 30 Fund Institutional Class	Institutional	Open			Mar 3, 2008	$715.91M	0.980%	Above Average	$250,000	−$166.78M

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