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HEMZX

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Analysis and statistics

  • Open
    7.8469$
  • Previous Close
    7.8469$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
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  • Beta
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  • Volume
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About

HEMZX.US represents the Hennessy Cornerstone Mid Cap 30 Fund Investor Class shares. It is a mutual fund that seeks long-term growth of capital. The fund invests primarily in a focused portfolio of approximately 30 mid-capitalization U.S. companies that are believed to possess strong financial fundamentals and attractive growth potential based on the Cornerstone Stock Selection Process. The fund's objective is to outperform the Russell Midcap Growth Index.

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Factors

Underlying Holdings Performance: The price of HEMZX.US is significantly affected by the performance of the underlying mortgage-backed securities (MBS) it holds.

Interest Rate Fluctuations: Changes in interest rates influence the value of MBS and consequently the fund's price. Rising rates typically decrease MBS value.

Prepayment Risk: Unexpectedly high or low prepayment rates on the underlying mortgages affect the cash flow and value of the MBS, influencing the fund's price.

Credit Risk: Perceived or actual changes in the creditworthiness of borrowers underlying the mortgages within the MBS can impact the fund's value.

Market Sentiment: Overall market sentiment and investor demand for fixed-income securities, particularly MBS, can influence the fund's price.

Fund Management Strategy: The fund manager's investment decisions, including security selection and duration management, affect the fund's performance and price.

Expense Ratio and Fees: The fund's expense ratio and any associated fees directly impact investor returns and can influence its relative attractiveness and price.

Economic Conditions: Macroeconomic factors like inflation, unemployment, and GDP growth can indirectly influence mortgage rates, prepayment rates, and overall market sentiment, affecting the fund's price.

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