3 / 5 Stars
3 2 4 3 4
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 138 Mid-Cap Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 22.69 percent over the past year, 15.70 percent over the past three years, 24.61 percent over the past five years, and 11.38 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||4.0%|
|3 Years (Annualized)||15.7%|
|5 Years (Annualized)||24.6%|
|10 Years (Annualized)||11.4%|
The investment seeks long-term growth of capital. The fund invests in mid-cap growth-oriented stocks by utilizing a highly disciplined, purely quantitative formula known as the Cornerstone Mid Cap 30 Formula® (the "Formula"). The Formula selects companies which have between $1 billion and $10 billion in market value, and excludes American Depositary Receipts, or "ADRs". The fund purchases 30 stocks as dictated by the Focus 30 Formula, weighted equally by dollar amount, with 3.33% of the portfolio's assets invested in each.
Fees are Low compared to funds in the same category.
Hennessy Cornerstone Mid Cap 30 Fund has an expense ratio of 0.98 percent.
Risk is Below Average compared to funds in the same category according to Morningstar.