Hennessy Focus shines at times, but inconsistent execution and persistently high fees lead to a Morningstar Analyst Rating downgrade to Neutral from Bronze.
Will HFCIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of HFCIX’s parent organization’s priorities and whether they’re in line with investors’ interests.