Hennessy Focus shines at times, but inconsistent execution and persistently high fees lead to a Morningstar Analyst Rating downgrade to Neutral from Bronze.
Hennessy Focus Institutional HFCIX
NAV / 1-Day Return
64.66
/
1.33
%
Total Assets
1.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.140%
Expense Ratio
1.140%
Fee Level
High
Longest Manager Tenure
12.43
years
Category
Mid-Cap Growth
Investment Style
Mid BlendMin. Initial Investment
250,000
Status
Open
TTM Yield
0.00%
Turnover
4%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will HFCIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable HFCIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the HFCIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of HFCIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
High fees remain a hurdle.
