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HICOX Colorado BondShares A Tax-Exempt

  • Fund
  • HICOX
  • Price as of: Aug 08, 2016
  • $9.13
  • - $0.00
  • - 0.01%
  • Category
  • National Munis

HICOX - Profile

Vitals

  • YTD Return 0.1%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $1.04 B
  • Holdings in Top 10 27.8%

52 WEEK LOW AND HIGH

$9.13
$9.07
$9.15

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.58%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 19.06%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500

IRA

N/A

Investment Themes

CATEGORY

National Munis
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Interm

Distributions

  • YTD Total Return 0.1%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.03%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Colorado Bond Shares A Tax Exempt Fund
  • Fund Family Name Freedom Funds
  • Inception Date Jun 04, 1987
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Fred R. Kelly

Fund Description

The fund will attempt to invest up to 100% and, except for temporary investments, will invest at least 80% of the value of its net assets (plus the amount of any borrowings for investment purposes) in tax-exempt bonds and other tax-exempt securities, including tax-exempt notes and tax-exempt municipal leases of the State of Colorado, its political subdivisions, municipalities and public authorities ("Tax-Exempt Obligations").

HICOX - Performance

Return Ranking - Trailing

Period HICOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.1% -2.5% 99.4% 66.83% 5
1 Yr 4.5% -5.8% 13.3% 59.42% 3
3 Yr 4.7% * -4.5% 9.4% 45.41% 3
5 Yr 4.6% * -0.5% 8.0% 37.82% 2
10 Yr 4.4% * -0.3% 5.9% 29.54% 2

* Annualized


Return Ranking - Calendar

Period HICOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.3% -10.9% 99.6% 10.54% 1
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

Total Return Ranking - Trailing

Period HICOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.1% -2.5% 99.4% 66.72% 5
1 Yr -0.5% -8.9% 13.3% 90.34% 5
3 Yr 3.1% * -5.4% 9.4% 63.78% 4
5 Yr 3.6% * -0.5% 8.0% 55.35% 3
10 Yr 3.9% * -0.3% 5.9% 47.68% 3

* Annualized


Total Return Ranking - Calendar

Period HICOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.3% -10.9% 99.6% 10.54% 1
2014 N/A 4.5% 4.5% N/A N/A
2013 N/A -6.5% -6.5% N/A N/A
2012 N/A 1.5% 1.5% N/A N/A
2011 N/A 3.3% 3.3% N/A N/A

NAV & Total Return History

HICOX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

HICOX Category Low Category High HICOX % Rank Quintile
Net Assets 1.04 B 491 K 52.2 B 15.94% 3
Number of Holdings 148 1 5633 24.35% 4
Net Assets in Top 10 273 M -90.5 M 1.34 B 7.10% 1
Weighting of Top 10 27.8% 0.0% 100.0% 4.19% 1

Top 10 Holdings

  1. Colorado Educational And Cultural Facilities Authority (Stargate Charter Sc 4.49%
  2. Colorado Educational And Cultural Facilities Authority Charter School Refun 3.97%
  3. Meadows Met Dist 7.999% 3.71%
  4. Colorado Educational And Cultural Facilities Authority (Ability Connection 3.33%
  5. Freddie Mac Multifamily M Certificates Class A Series?m-021 0.46% Due 3.05%
  6. Colorado Educational And Cultural Facilities Authority Charter School Refun 2.20%
  7. Colorado Springs Colo Urban Re Rev Bd 7% 1.96%
  8. Marin Met Dist 7.75% 1.78%
  9. Colo Hsg Fin Auth 0.4% 1.74%
  10. Arista Metropolitan District Subordinate (Convertible To Parity) Special Re 1.55%

Asset Allocation

Weighting Category Low Category High HICOX % Rank Quintile
Bonds
68.68% 0.00% 202.21% 32.21% 5
Other
30.50% -2.77% 30.50% 0.16% 1
Cash
0.65% -110.85% 100.00% 28.23% 5
Convertible Bonds
0.16% 0.00% 4.07% 0.48% 1
Preferred Stocks
0.00% 0.00% 11.63% 1.13% 4
Stocks
0.00% 0.00% 1.71% 1.13% 4

Bond Sector Breakdown

Weighting Category Low Category High HICOX % Rank Quintile
Municipal
63.51% 0.00% 146.16% 32.26% 5
Securitized
5.17% 0.00% 30.99% 0.97% 1
Cash & Equivalents
0.65% -110.85% 100.00% 28.39% 5
Corporate
0.16% 0.00% 33.65% 3.06% 1
Derivative
0.00% -0.52% 5.07% 0.48% 4
Government
0.00% -17.17% 117.34% 6.94% 4

Bond Geographic Breakdown

Weighting Category Low Category High HICOX % Rank Quintile
US
68.68% 0.00% 202.21% 32.10% 5
Non US
0.00% 0.00% 24.05% 0.97% 4

HICOX - Expenses

Operational Fees

HICOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.58% 0.09% 4.60% 20.29% 2
Management Fee 0.50% 0.00% 1.00% 1.45% 5
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.35% N/A N/A

Sales Fees

HICOX Fees (% of AUM) Category Low Category High HICOX Rank Quintile
Front Load 4.75% 0.50% 5.75% 1.30% 5
Deferred Load N/A 0.50% 5.50% N/A N/A

Trading Fees

HICOX Fees (% of AUM) Category Low Category High HICOX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HICOX Fees (% of AUM) Category Low Category High HICOX Rank Quintile
Turnover 19.06% 0.00% 783.51% 11.59% 3

HICOX - Distributions

Dividend Yield Analysis

HICOX Category Low Category High HICOX % Rank Quintile
Dividend Yield 0.4% 0.00% 2.86% 16.78% 2

Dividend Distribution Analysis

HICOX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Quarterly Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

HICOX Category Low Category High HICOX % Rank Quintile
Net Income Ratio 4.03% -0.70% 5.26% 4.19% 1

Capital Gain Distribution Analysis

HICOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

HICOX - Managers

Fred R. Kelly

Manager

Start Date

Nov 01, 1990

Tenure

25.76

Tenure Rank

0.5%

Fred R. Kelly, Jr., is President, Secretary Treasurer and Portfolio Manager of the Freedom Funds Management Company. Mr. Kelly is also a registered representative of Smith Hayes Financial Services Corporation. For 10 years preceding his appointment as portfolio manager, Mr. Kelly worked for the investment banking firm of Hanifen, Imhoff Inc. (“Hanifen”) and specialized in the area of tax-exempt public finance, serving as financial adviser and investment banker for public entities primarily in the Rocky Mountain region. More recently, Mr. Kelly has been actively involved in the restructuring of financially troubled projects, has acted as a financial consultant. Prior to joining Hanifen, Mr. Kelly was employed for six years by the U.S. Treasury Department, Comptroller of the Currency, as a Senior Field Examiner. Mr. Kelly is a past director of the Colorado Municipal Bond Dealers Association and currently serves as a director of First National Bancshares, Inc., Carbon County Holding Company, Rawlins National Bank, Cowboy State Bank and is President of Carbon County Holding Company. Mr. Kelly pursued his undergraduate study at the University of Wyoming in Laramie, receiving his bachelor’s degree in Accounting with emphasis in Finance. Subsequently, he attended Northwestern University in Evanston, Illinois, where he completed his postgraduate work in banking.


Tenure Analysis

Category Low

0.1

Category High

36.9

Category Average

7.39

Category Mode

1.6