HICVX Performance — Hennessy Cornerstone Value Fund, Institutional Class
Data updated: 2026-09-28
HICVX returned +16.73% year to date and +27.20% over one year to Jul 2026. Annualised returns are +15.46% over 3 years and +13.24% over 5 years. Against its US Large Value category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $154, against $156 for the category, and to $127 over one year, against $122. Volatility over the past three years was 10.88% a year. In the 12 months to Jul 2026 the fund lost a net $3.4M, and assets reached $336.68M.
HICVX Growth of $100
What $100 invested in Hennessy Cornerstone Value Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | HICVX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $127 | $122 |
| 3 years (Aug 2023 – Jul 2026) | $154 | $156 |
| 5 years (Aug 2021 – Jul 2026) | $186 | $168 |
| Since data start (Aug 2019 – Jul 2026) | $228 | $226 |
HICVX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +16.73% |
| 1 year | +27.20% |
| 3 years (annualised) | +15.46% |
| 5 years (annualised) | +13.24% |
HICVX Annual Returns
Calendar-year total returns of Hennessy Cornerstone Value Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +16.73% |
| 2025 | +18.59% |
| 2024 | +9.84% |
| 2023 | +6.02% |
| 2022 | +6.38% |
| 2021 | +30.21% |
| 2020 | −6.22% |
| 2019 (Aug–Dec) | +8.91% |
HICVX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +5.9% | +4.7% | −1.5% | +3.2% | +0.7% | −2.2% | +5.2% | — | — | — | — | — |
| 2025 | +4.5% | +4.5% | +0.1% | −5.1% | +2.1% | +3.3% | −0.5% | +4.4% | +0.3% | −0.5% | +3.6% | +1.0% |
| 2024 | +0.3% | +0.5% | +5.2% | −2.1% | +3.1% | −1.4% | +4.0% | +3.2% | −0.2% | −0.6% | +3.4% | −5.4% |
| 2023 | +2.9% | −3.2% | −0.4% | +2.4% | −6.2% | +6.1% | +3.6% | −2.7% | −1.6% | −4.0% | +5.5% | +4.5% |
| 2022 | +3.8% | −0.5% | +2.6% | −3.0% | +6.0% | −8.9% | +2.3% | −2.2% | −8.0% | +13.4% | +6.2% | −3.4% |
| 2021 | +0.3% | +6.3% | +7.8% | +1.9% | +4.0% | −0.3% | −1.3% | +1.3% | −1.8% | +3.9% | −2.3% | +7.5% |
| 2020 | −5.3% | −9.5% | −16.4% | +9.2% | +1.9% | +0.9% | +1.6% | +4.1% | −5.0% | −2.4% | +16.2% | +2.2% |
| 2019 | — | — | — | — | — | — | — | −2.5% | +3.9% | +1.2% | +3.1% | +3.0% |
HICVX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 10.88%
- 3-year Sharpe ratio: 1.01 (vs 4.5% risk-free rate)
- Best month: +5.92% (Jan 2026)
- Worst month: −5.39% (Dec 2024)
HICVX Fund Flows
Monthly money in and out of Hennessy Cornerstone Value Fund, from SEC Form N-PORT.
- 12-month net flow: −$3.4M
- 12-month gross sales (incl. reinvestments): $26.1M
- Sales ÷ redemptions: 0.88×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $126K | $1.4M | −$1.3M |
| Jun 2026 | $86K | $2.6M | −$2.5M |
| May 2026 | $508K | $1.9M | −$1.4M |
| Apr 2026 | $938K | $2.1M | −$1.2M |
| Mar 2026 | $451K | $1.7M | −$1.2M |
| Feb 2026 | $658K | $2.2M | −$1.5M |
| Jan 2026 | $489K | $2.8M | −$2.3M |
| Dec 2025 | $20.3M | $3.4M | $16.9M |
| Nov 2025 | $113K | $2.5M | −$2.4M |
| Oct 2025 | $572K | $2.3M | −$1.7M |
| Sep 2025 | $1.7M | $4.0M | −$2.3M |
| Aug 2025 | $205K | $2.6M | −$2.4M |
HICVX Assets Under Management
Net assets of Hennessy Cornerstone Value Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $336.68M |
| 2026-04-30 | $330.26M |
| 2026-01-31 | $314.47M |
| 2025-10-31 | $292.59M |
| 2025-07-31 | $287.25M |
| 2025-04-30 | $280.91M |
| 2025-01-31 | $282.08M |
| 2024-10-31 | $282.01M |
| 2024-07-31 | $279.84M |
| 2024-04-30 | $271.37M |
| 2024-01-31 | $267.39M |
| 2023-10-31 | $253.94M |
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.