HFCGX Fees and Costs — Hennessy Cornerstone Growth Fund, Investor Class
Data updated: 2026-09-28
The net expense ratio is 1.32%: a 0.74% management fee, a 0.15% 12b-1 fee plus 0.43% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.5M in broker commissions, 0.2875% of average net assets, and portfolio turnover was 99%.
HFCGX Fees and Expenses
Annual operating expenses and sales charges of HFCGX. Prospectus, as of March 2, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.15% |
| Other expenses | 0.43% |
| Gross expense ratio | 1.32% |
| Fee waiver | — |
| Net expense ratio | 1.32% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
HFCGX Costs Over Time
On $10,000 invested in HFCGX, assuming 5% a year before costs, total costs come to $993 over 5 years, cutting the return by 1.69% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.32%) | $139 | $430 | $740 |
| Trading costs (broker commissions) | $30 | $94 | $161 |
| Lost growth on money paid in costs | $0 | $26 | $92 |
| Total costs | $169 | $549 | $993 |
| Value after costs | $10,331 | $11,027 | $11,769 |
| Impact on return, per year | 1.69% | 1.69% | 1.69% |
HFCGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2875%
- Total broker commissions: $1.5M
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 99%
- Securities lending: none during the year
HFCGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| ITG, Inc. | $374K | 24.96% |
| Mirae Asset Securities Inc. | $223K | 14.92% |
| JonesTrading Institutional Services LLC | $218K | 14.57% |
| BNY Mellon Capital Markets, LLC | $184K | 12.32% |
| Ladenburg Thalmann & Co. Inc. | $160K | 10.66% |
| RBC Capital Markets, LLC | $133K | 8.85% |
| Jefferies LLC | $106K | 7.11% |
| Pershing, LLC | $99K | 6.59% |
Hennessy Cornerstone Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HICGX | Institutional Class | 1.00% | — |
| HFCGX | Investor Class | 1.32% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.