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HICVX Hennessy Cornerstone Value Inst

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Fund HICVX Hennessy Cornerstone Value Inst IUSV iShares Core Russell US Value VLU SPDR® S&P 1500 Value Tilt ETF  
Similarity
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100% 87% 87%
Annual Fees
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$105.64
(1.00% Exp. Ratio)
$5.28
(0.05% Exp. Ratio)
$12.68
(0.12% Exp. Ratio)
Future Est. Balance in 30 yrs
Assuming 5.64% annual return
$38,375.64 $51,107.39 $50,044.43
Est. savings over 30 yrs +$12,731.75 +$11,668.80
Return
As of 12/31/16
1 YR RETURN 17.61%
3 YR 6.30%
5 YR 11.31%
10 YR 5.53%
1 YR RETURN 18.33%
3 YR 8.47%
5 YR 14.65%
10 YR 5.61%
1 YR RETURN 17.76%
3 YR 8.61%
5 YR --
10 YR --
Description
The investment seeks total return, consisting of capital appreciation and current income. The fund invests in larger, dividend-paying companies (companies with market capitalization that exceeds the average of the Database) by utilizing a highly disciplined, quantitative formula known as the Cornerstone Value Strategy® (the "Value Strategy"). It purchases 50 stocks as dictated by the Value Strategy, weighted equally by dollar amount, with 2% of the portfolio's assets invested in each. Using the Value Strategy, the universe of stocks is re-screened and the portfolio is rebalanced annually, generally in the winter.
The investment seeks to track the investment results of the Russell 3000 Value Index (the "underlying index"), which measures the performance of the value sector of the broad U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It may invest the remainder of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the underlying index, but which the advisor believes will help the fund track the underlying index.
The investment seeks investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1500 Low Valuation Tilt Index. The fund employs a sampling strategy in seeking to track the index. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index applies an alternative weighting methodology to the S&P Composite 1500 Index so that stocks with relatively low valuations (i.e., relatively "cheap") are overweight relative to the S&P Composite 1500 Index and stocks with relatively high valuations are underweight. The fund is non-diversified.

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The fees, balance and savings information above are estimated numbers, based on the data FeeX had at the day of publication, but may not be accurate due to incomplete or erroneous data.

The best choice is based on a combined analysis of lowest fees and highest similarity to the original fund.

Similarity

FeeX's similarity algorithm analyzes over 15 investment characteristics like investment category, asset allocation, strategy, geographical allocation and more. FeeX gives each its own weight and calculates the similarity of any two investments based on a scale of 0 to 100%. Funds with a similarity ranking of 85% and higher are considered "similar".

Yes, funds and ETFs charge fees

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