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Morningstar

Hennessy Cornerstone Value Inst HICVX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 19.24  /  0.72 %
  • Total Assets 300.9 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 0.990%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Large Value
  • Investment Style Large Value
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 2.69%
  • Turnover 36%

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 10:52 PM GMT+00:00

Morningstar’s Analysis HICVX

Will HICVX 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 HICVX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the HICVX 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 HICVX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Hennessy Cornerstone Value Inst earns a Morningstar Quantitative Rating of Negative on the basis of subpar ratings in both the Process and Parent Pillars. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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