Expense Ratio History

HFCVX expense ratio history

Hennessy Cornerstone Value Fund, Investor Class

Fund company
Hennessy
Type
Mutual fund

1.21%

In basis points
121 basis points
Yearly cost per $10,000
$121
Prospectus dated
2 March 2026, filed with the SEC; rounded to 0.01%
Last change
Cut from 1.22% on 2 March 2026

Fee over time

HFCVX expense ratio: 1.22% until 27 Feb 2015, then 1.09%; 1.09% until 29 Feb 2016, then 1.25%; 1.25% until 28 Feb 2017, then 1.22%; 1.22% until 28 Feb 2020, then 1.23%; 1.23% until 1 Mar 2021, then 1.30%; 1.30% until 28 Feb 2022, then 1.23%; 1.23% until 28 Feb 2025, then 1.22%; 1.22% until 2 Mar 2026, then 1.21%; read at 1.21% on 2 Mar 2026.0.00%0.50%1.00%1.50%2.00%Feb 2014Mar 2016Apr 2018May 2020Jun 2022Jul 20241.22% before1.21% from 2 Mar 2026
HFCVX expense ratio: 1.22% until 27 Feb 2015, then 1.09%; 1.09% until 29 Feb 2016, then 1.25%; 1.25% until 28 Feb 2017, then 1.22%; 1.22% until 28 Feb 2020, then 1.23%; 1.23% until 1 Mar 2021, then 1.30%; 1.30% until 28 Feb 2022, then 1.23%; 1.23% until 28 Feb 2025, then 1.22%; 1.22% until 2 Mar 2026, then 1.21%; read at 1.21% on 2 Mar 2026.0.00%0.50%1.00%1.50%2.00%Feb 2014Mar 2018Apr 20221.22% before1.21% from 2 Mar 2026
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 2 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
HFCVX (this page) Investor Class 1.21% — 2 Mar 2026
HICVX Institutional Class 0.99% — 2 Mar 2026

Every figure we've recorded

DateFeeWhat happened
2 Mar 2026 1.21% In the prospectusTotal annual fund operating expenses in the prospectus dated 2026-03-02 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
2 Mar 2026 1.21% Cut from 1.22% to 1.21%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2026-03-02
28 Feb 2025 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2025 1.22% Cut from 1.23% to 1.22%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-02-28
28 Feb 2024 1.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2023 1.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2022 1.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2022 1.23% Cut from 1.30% to 1.23%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-02-28
1 Mar 2021 1.30% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-03-01 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
1 Mar 2021 1.30% Raised from 1.23% to 1.30%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-03-01
28 Feb 2020 1.23% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2020 1.23% Raised from 1.22% to 1.23%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-01-15
28 Feb 2019 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2018 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Feb 2017 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-02-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Feb 2017 1.22% Cut from 1.25% to 1.22%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2017-03-20
29 Feb 2016 1.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Feb 2016 1.25% Raised from 1.09% to 1.25%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-03-18
27 Feb 2015 1.09% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-02-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Feb 2015 1.09% Cut from 1.22% to 1.09%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2015-03-12
28 Feb 2014 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-02-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 1.21% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,473 in fees over 10 years

After fees, $10,000 grows to $14,464.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$124
3 years$386
5 years$669
10 years$1,473

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 13 prospectuses for this share class since 2014. Each one is listed above with a link to the filing.

How we read fees

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