Hennessy Funds Trust - Hennessy Cornerstone Mid Cap 30 Fund(NASDAQMUTFUND) HFMDX

Hennessy Cornerstone Mid Cap 30 Fund Inv Class focuses on growth-oriented mid-sized companies, utilizing a proprietary quantitative methodology. The fund allocates at least 80% of its capital to common stocks, structured with 30 distinct holdings.

Products and Services

• Investment in growth-oriented mid-sized companies
• Utilization of the Cornerstone Mid Cap 30 Formula
• Annual rebalancing of portfolio holdings

Growth Outlook

• Market capitalization of approximately $1.4 billion indicates strong investor interest
• Recent stock price range between $21.39 and $28.11 shows potential for growth
• Annual rebalancing allows for adaptation to market changes

Financial Highlights

• Recent dividend yield of 0.77% reflects steady income potential
• Trailing twelve months dividend per share of $0.20713
• Consistent performance with a beta of 1.201, indicating market correlation

Hennessy Cornerstone Mid Cap 30 Fund Inv Class is designed for investors seeking exposure to mid-cap growth stocks. The fund's unique investment strategy, which emphasizes equal dollar allocation across 30 holdings, aims to mitigate risk while maximizing potential returns. The annual rebalancing process ensures that the portfolio remains aligned with market trends, providing a dynamic investment approach. The recent financial metrics highlight a stable dividend yield and a solid market capitalization, suggesting a favorable environment for growth-oriented investors.