Name
As of 10/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
2.5%
1 yr return
0.0%
3 Yr Avg Return
1.4%
5 Yr Avg Return
6.4%
Net Assets
$23.8 M
Holdings in Top 10
24.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 8.82%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 78.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/27/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HOPCX - Profile
Distributions
- YTD Total Return 2.5%
- 3 Yr Annualized Total Return 1.4%
- 5 Yr Annualized Total Return 6.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.60%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameHSBC RadiantESG U.S. Smaller Companies Fund
-
Fund Family NameHSBC
-
Inception DateNov 04, 1998
-
Shares Outstanding15341
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEthan Meyers
Fund Description
RadiantESG Global Investors LLC, the Portfolio’s subadviser (“RadiantESG” or the “Subadviser”), uses proprietary models to evaluate companies along key fundamental characteristics as well as ESG criteria. In managing the Portfolio, RadiantESG seeks to identify and invest in companies with compelling fundamentals and attractive ESG profiles.
The Subadviser’s fundamental view of companies is primarily assessed using two proprietary models: Comprehensive Quality and Stock Sentiment.
· | The Comprehensive Quality Model seeks to identify companies with higher profitability, greater earnings stability, and higher perceived sustainability of earnings as indicated by lower levels of asset growth, lower use of accruals, and other measures. |
· | The Stock Sentiment Model seeks to identify companies with attractive earnings revisions, positive industry momentum, and positive news sentiment. |
The Subadviser uses its proprietary Positive Change Model to evaluate companies using ESG criteria. The Positive Change Model seeks to identify companies that are “ESG Leaders” (companies believed to have leading ESG positioning in their relevant industries/sectors), “ESG Evolvers” (companies believed to be improving their ESG positioning in their relevant industries/sectors), and “Impact Leaders” (companies with products and services believed to be aligned to the United Nations Sustainable Development Goals (“UNSDGs”)). The Positive Change Model assigns multiple “scores” to each company in the Portfolio’s investment universe based on these ESG and Impact criteria. Company-level E, S, and G scores and combined ESG scores, along with company-level Impact scores, are the primary criteria in RadiantESG’s assessment of a company’s ESG profile. The Subadviser believes that these scores convey material information on a company’s operational strengths and weaknesses as well as a company’s positioning with respect to systemic forces (including climate change) that RadiantESG believes will economically affect all companies. The Subadviser uses proprietary and third-party data to assess ESG and Impact exposure to specific criteria, including, for example, greenhouse gas (“GHG”) emissions, water use, diversity, human rights, corporate ethical behavior, and board structure/independence. The importance and weighting of ESG and Impact criteria will vary by industry/sector. RadiantESG defines “Impact” as the percentage of net revenue aligned to the UNSDGs, a globally accepted standard for evaluating investment impact.
RadiantESG uses a “bottom-up” investment process in which stocks deemed to exhibit excessive tail risk (e.g., micro-cap companies, companies with excessive valuations or volatility, companies that operate in controversial business lines, and companies facing severe controversies) are first excluded from the Portfolio’s investment universe and not considered for investment. Companies that operate in controversial business lines are generally those that are directly engaged in, and/or derive significant revenue from, business lines that are believed to be inconsistent with environmental and socially-aware investing, including:
· | Tobacco; |
· | Coal mining/production; and |
· | Casinos and gambling.* |
* | Please see SAI for complete list of all business-line exclusions. |
Companies facing severe controversies are generally those that are believed to be the worst offenders when it comes to unethical behavior, environmental damage, legal liability or violation of human rights and liberties.
After excluding stocks that are deemed to exhibit excessive tail risk, an initial portfolio is constructed from companies scoring highly along both fundamental and ESG criteria, subject to risk management criteria (e.g., industry/sector exposure and position size), then RadiantESG performs a qualitative review before constructing the final Portfolio. After purchase, the Subadviser will sell a stock if the company no longer exhibits both compelling fundamentals and an attractive ESG profile.
The Subadviser believes that incorporating ESG criteria into its investment process is an important complement to its two fundamental models (Comprehensive Quality and Stock Sentiment). The Subadviser’s objective in evaluating ESG considerations is to identify threats faced by companies, including transition and regulatory risk, as well as investment opportunities associated with the more efficient use of natural resources, more effective use of human resources, and better governance. The Subadviser also believes that attractive ESG characteristics will economically advantage companies relative to their peers, potentially characterized by superior earnings growth, fewer incidents of legal or regulatory action, greater talent attraction and retention, and fewer incidents of value-destroying ethical or governance malfeasance. |
The Fund will invest primarily in U.S. common stocks, but may, to a limited extent, invest in other types of securities, such as non-U.S. securities listed on U.S. securities exchanges.
HOPCX - Performance
Return Ranking - Trailing
Period | HOPCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -21.0% | 39.9% | 92.82% |
1 Yr | 0.0% | -28.8% | 29.6% | 89.59% |
3 Yr | 1.4%* | -25.2% | 81.6% | 26.17% |
5 Yr | 6.4%* | -6.2% | 95.4% | 85.18% |
10 Yr | 6.6%* | -0.7% | 34.4% | 91.15% |
* Annualized
Return Ranking - Calendar
Period | HOPCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -27.3% | -85.6% | 350.1% | 26.90% |
2022 | -70.1% | -77.0% | 238.3% | 99.63% |
2021 | 17.5% | -44.1% | 2474.5% | 75.67% |
2020 | 15.2% | -50.2% | 44.0% | 84.81% |
2019 | -37.9% | -51.7% | 102.3% | 96.91% |
Total Return Ranking - Trailing
Period | HOPCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.5% | -21.0% | 39.9% | 92.82% |
1 Yr | 0.0% | -28.8% | 29.6% | 89.59% |
3 Yr | 1.4%* | -25.2% | 81.6% | 26.17% |
5 Yr | 6.4%* | -6.2% | 95.4% | 85.18% |
10 Yr | 6.6%* | -0.7% | 34.4% | 91.15% |
* Annualized
Total Return Ranking - Calendar
Period | HOPCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -27.3% | -67.0% | 440.7% | 44.40% |
2022 | 15.1% | -23.5% | 342.2% | 35.62% |
2021 | 32.1% | 2.6% | 2549.1% | 67.05% |
2020 | 32.9% | 14.6% | 44.8% | 55.82% |
2019 | -9.6% | -25.2% | 124.7% | 88.89% |
NAV & Total Return History
HOPCX - Holdings
Concentration Analysis
HOPCX | Category Low | Category High | HOPCX % Rank | |
---|---|---|---|---|
Net Assets | 23.8 M | 1.94 M | 84.5 B | 96.07% |
Number of Holdings | 63 | 24 | 3681 | 70.71% |
Net Assets in Top 10 | 19.4 M | 889 K | 8.58 B | 90.18% |
Weighting of Top 10 | 24.08% | 0.4% | 96.7% | 66.07% |
Top 10 Holdings
- Atkore Inc 2.91%
- Icon PLC 2.67%
- American Financial Group Inc 2.60%
- Paylocity Holding Corp 2.57%
- Douglas Emmett Inc 2.45%
- National Vision Holdings Inc 2.44%
- Acceleron Pharma Inc 2.42%
- Charles River Laboratories International Inc 2.41%
- Catalent Inc 2.38%
- Splunk Inc 2.37%
Asset Allocation
Weighting | Return Low | Return High | HOPCX % Rank | |
---|---|---|---|---|
Stocks | 99.39% | 0.95% | 104.09% | 18.75% |
Cash | 0.60% | 0.00% | 99.05% | 69.64% |
Preferred Stocks | 0.00% | 0.00% | 6.81% | 37.50% |
Other | 0.00% | -0.06% | 14.15% | 54.11% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 28.75% |
Bonds | 0.00% | -2.66% | 3.43% | 34.11% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HOPCX % Rank | |
---|---|---|---|---|
Technology | 29.31% | 0.04% | 62.17% | 65.36% |
Healthcare | 19.38% | 0.00% | 37.06% | 32.68% |
Industrials | 19.25% | 0.00% | 38.23% | 15.18% |
Consumer Cyclical | 9.52% | 0.00% | 57.41% | 83.21% |
Financial Services | 8.61% | 0.00% | 43.01% | 36.25% |
Basic Materials | 5.21% | 0.00% | 17.25% | 13.75% |
Real Estate | 5.19% | 0.00% | 19.28% | 17.68% |
Energy | 2.19% | 0.00% | 62.10% | 41.79% |
Communication Services | 1.35% | 0.00% | 18.33% | 71.07% |
Utilities | 0.00% | 0.00% | 12.94% | 46.61% |
Consumer Defense | 0.00% | 0.00% | 16.40% | 88.39% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HOPCX % Rank | |
---|---|---|---|---|
US | 90.10% | 0.69% | 104.09% | 91.96% |
Non US | 9.29% | 0.00% | 36.79% | 2.86% |
HOPCX - Expenses
Operational Fees
HOPCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 8.82% | 0.02% | 18.45% | 0.90% |
Management Fee | 0.60% | 0.00% | 1.50% | 19.68% |
12b-1 Fee | 0.75% | 0.00% | 1.00% | 80.63% |
Administrative Fee | 0.04% | 0.00% | 0.40% | 17.46% |
Sales Fees
HOPCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.00% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 5.00% | 31.75% |
Trading Fees
HOPCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
HOPCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 78.00% | 0.00% | 250.31% | 80.48% |
HOPCX - Distributions
Dividend Yield Analysis
HOPCX | Category Low | Category High | HOPCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.01% | 35.71% |
Dividend Distribution Analysis
HOPCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
HOPCX | Category Low | Category High | HOPCX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.60% | -2.24% | 2.75% | 95.47% |
Capital Gain Distribution Analysis
HOPCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
HOPCX - Fund Manager Analysis
Managers
Ethan Meyers
Start Date
Tenure
Tenure Rank
Dec 31, 2003
18.43
18.4%
Ethan is a Managing Partner and Director of Research at Westfield Capital. As a member of the Investment Committee, he contributes ideas to all of Westfield’s products, with a specific concentration in Business, Financial, and Consumer Services. In 1999, Ethan joined the Westfield team after working as a Research Analyst at Johnson Rice & Company LLC, in New Orleans, LA. A Chartered Financial Analyst, Ethan earned a Bachelor of Science degree from the A.B. Freeman School of Business at Tulane University in 1996. He is a member of the Boston Society of Security Analysts. In addition to spending time with his family, Ethan enjoys guitar, basketball, golf and scuba diving.
William Muggia
Start Date
Tenure
Tenure Rank
Dec 31, 2003
18.43
18.4%
Will joined Westfield Capital Management in April 1994. In addition to his executive duties, he chairs the Investment Committee, serves as Market Strategist and contributes investment ideas primarily within the Health Care and Energy sectors. In 2001, Will was promoted to President and Chief Investment Officer and now oversees all of Westfield's US equity and hedge fund strategies. In this role, Will and his team have grown the firm from $2 billion to $13 billion in assets under management. Prior to joining Westfield, Will worked in the Technology Investment Banking Group at Alex Brown & Sons, where his responsibilities included mergers and acquisitions, restructuring, and spin-offs. Before that, he was a Vice President at Kidder, Peabody & Company. Will graduated from Middlebury College in 1983 and received a Masters in Business Administration from the Harvard Business School in 1992. Will and his family are very active in community service, focusing their efforts on education for underprivileged youth. He is a member of the Board of Directors of SquashBusters and the Advisory Board of The Base.
Richard Lee
Start Date
Tenure
Tenure Rank
Dec 31, 2004
17.42
17.4%
Westfield Capital welcomed Rich to the team in 2004. He is a Managing Partner, Deputy Chief Investment Officer and a member of the Investment Committee. Rich brings 24 years of experience to his focus on the Information Technology sector for all the Products that the Investment Committee oversees. Before joining Westfield, Rich cultivated his investment experience at Wit Soundview Technology Group, Hambrecht & Quist, LLC and Smith Barney and KL Financial Group, holding various Analyst positions. Rich earned his Bachelor of Arts degree from Harvard College in 1994 and is a Chartered Financial Analyst. He enjoys playing tennis and spending time with his young family.
John Montgomery
Start Date
Tenure
Tenure Rank
Dec 31, 2006
15.42
15.4%
A Managing Partner and Portfolio Strategist on the Westfield Capital Investment Committee, John joined Westfield in 2006, after spending five years as a Managing Director, Equities Division at Lehman Brothers. He has also held equities-related positions at JP Morgan Securities and Morgan Stanley in Boston. John began his career at Procter and Gamble in 1987. John holds a Masters in Management from the JL Kellogg Graduate School of Management at Northwestern University and earned his undergraduate degree at Trinity College. He is a member of the Market Technicians Association, The Boston Eco
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 36.3 | 9.32 | 2.25 |