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Morningstar

Hennessy Large Cap Financial Investor HLFNX

Morningstar Analyst Rating
Quantitative rating as of | See Hennessy Investment Hub
  • NAV / 1-Day Return 25.13  /  0.24 %
  • Total Assets 46.3 Mil
  • Adj. Expense Ratio
    1.690%
  • Expense Ratio 1.680%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Financial
  • Investment Style Large Value
  • Min. Initial Investment 2,500
  • Status Open
  • TTM Yield 0.54%
  • Turnover 78%

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:11 PM GMT+00:00

Morningstar’s Analysis HLFNX

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

People Pillar

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

Summary

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An average Process Pillar and a subpar Parent Pillar help limit Hennessy Large Cap Financial Investor to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

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