HAMCX: Hancock Horizon MS Tax-Free Income C

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HAMCX Hancock Horizon MS Tax-Free Income C

  • Fund
  • HAMCX
  • Price as of: May 24, 2019
  • $16.58 - $0.00 - 0.00%
  • Primary Category
  • N/A
  • Fund Company
  • N/A
  • Share Class

HAMCX - Profile

Vitals

  • YTD Return 3.5%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 2.6%
  • Net Assets $12.6 M
  • Holdings in Top 10 47.7%

52 WEEK LOW AND HIGH

$16.58
$15.53
$16.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 40.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

N/A

Fund Classification

PRIMARY CATEGORY

N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Interm

Distributions

  • YTD Total Return 3.8%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Hancock Horizon Mississippi Tax-Free Income Fund
  • Fund Family Name Hancock Horizon
  • Inception Date May 31, 2013
  • Shares Outstanding 1986
  • Share Class C
  • Currency USD
  • Domiciled Country United States
  • Manager Jeffery R. Tanguis

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds that pay interest that is exempt from federal and Mississippi income tax. It may invest up to 35% of its total assets in municipal securities issued by U.S. territories. The fund may invest up to 20% of its net assets in securities that pay interest subject to the federal alternative minimum tax and in securities that pay taxable interest. It is non-diversified.

HAMCX - Mutual Fund Categories

HAMCX - Performance

Return Ranking - Trailing

Period HAMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.5% -3.2% 7.6% 29.61%
1 Yr 4.6% -6.4% 8.5% 18.98%
3 Yr 0.6%* -2.3% 3.6% 82.50%
5 Yr 2.6%* -1.3% 1.7% 15.67%
10 Yr N/A* -1.1% 4.2% N/A

* Annualized


Return Ranking - Calendar

Period HAMCX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.8% -7.2% 11.0% 79.59%
2017 1.4% -10.1% 6.8% 50.96%
2016 -2.9% -4.9% 0.0% 52.62%
2015 0.3% -5.6% 1.8% 13.15%
2014 11.0% -34.8% 15.6% 0.94%

Total Return Ranking - Trailing

Period HAMCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.8% -3.2% 7.6% 17.03%
1 Yr 4.6% -6.4% 8.5% 6.50%
3 Yr 0.6%* -2.3% 3.6% 8.43%
5 Yr 2.6%* -1.3% 4.4% 1.96%
10 Yr N/A* -1.1% 5.6% N/A

* Annualized


Total Return Ranking - Calendar

Period HAMCX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.2% -7.2% 11.0% 13.78%
2017 3.3% -10.1% 6.9% 6.13%
2016 -1.1% -4.9% 1.0% 5.87%
2015 2.1% -5.6% 4.0% 2.17%
2014 14.5% -34.8% 16.3% 0.94%

NAV & Total Return History

HAMCX - Holdings

Concentration Analysis

HAMCX Category Low Category High HAMCX % Rank
Net Assets 12.6 M 6.28 M 20.6 B 98.86%
Number of Holdings 35 31 4231 98.22%
Net Assets in Top 10 5.99 M -4.71 M 2.92 B 96.95%
Weighting of Top 10 47.72% 2.5% 58.7% 1.40%

Top 10 Holdings

  1. MISSISSIPPI ST 4% 7.41%

  2. MISSISSIPPI DEV BK SPL OBLIG 3.38% 6.04%

  3. MISSISSIPPI ST GAMING TAX REV 5% 4.68%

  4. OXFORD MISS 3.12% 4.64%

  5. MISSISSIPPI DEV BK SPL OBLIG 5% 4.63%

  6. MISSISSIPPI ST UNIV EDL BLDG CORP REV 4% 4.23%

  7. MISSISSIPPI ST 3.75% 4.16%

  8. OXFORD MISS SCH DIST 3.5% 4.07%

  9. MISSISSIPPI DEV BK 5.25% 3.96%

  10. MISSISSIPPI ST 3% 3.91%


Asset Allocation

Weighting Return Low Return High HAMCX % Rank
Bonds
97.66% -0.60% 103.72% 76.62%
Cash
2.34% -3.73% 93.39% 19.82%
Stocks
0.00% 0.00% 0.32% 13.47%
Preferred Stocks
0.00% 0.00% 0.00% 12.20%
Other
0.00% -2.39% 8.43% 24.14%
Convertible Bonds
0.00% 0.00% 0.00% 12.20%

Bond Sector Breakdown

Weighting Return Low Return High HAMCX % Rank
Municipal
97.66% 0.00% 103.73% 78.27%
Cash & Equivalents
2.34% -3.73% 93.39% 20.33%
Derivative
0.00% -0.20% 0.00% 12.20%
Securitized
0.00% 0.00% 0.00% 12.20%
Corporate
0.00% 0.00% 4.72% 20.58%
Government
0.00% -17.97% 1.02% 12.20%

Bond Geographic Breakdown

Weighting Return Low Return High HAMCX % Rank
US
97.66% -0.60% 102.38% 47.14%
Non US
0.00% 0.00% 22.38% 79.03%

HAMCX - Expenses

Operational Fees

HAMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.20% 0.09% 2.58% 0.25%
Management Fee 0.60% 0.08% 1.30% 97.59%
12b-1 Fee 0.75% 0.00% 1.00% 65.42%
Administrative Fee 0.10% 0.00% 0.33% 35.69%

Sales Fees

HAMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.50% 5.00% N/A

Trading Fees

HAMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

HAMCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 40.00% 3.32% 293.00% 90.60%

HAMCX - Distributions

Dividend Yield Analysis

HAMCX Category Low Category High HAMCX % Rank
Dividend Yield 0.01% 0.00% 2.83% 93.14%

Dividend Distribution Analysis

HAMCX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

HAMCX Category Low Category High HAMCX % Rank
Net Income Ratio 1.61% -0.21% 4.62% 94.41%

Capital Gain Distribution Analysis

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

HAMCX - Managers

Jeffery R. Tanguis

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 2011

8.25

8.3%

Jeffery Tanguis serves as Investment Director of Horizon Advisers. Prior to joining Hancock Bank in 2005, Mr. Tanguis served as the Senior Fixed Income Manager of Hibernia National Bank from 1987 to 2005. He has been working in the investment industry since 1987. He received his B.S. in Finance from Louisiana State University and is a member of the CFA Institute.


Nathan Grant

Manager

Start Date

Tenure

Tenure Rank

May 31, 2018

0.92

0.9%

Nathan Grant, CFA, serves as a Corporate Credit Analyst for the Adviser and has managed the Louisiana Tax-Free Income Fund and Mississippi Tax-Free Income Fund since 2018. Mr. Grant joined the Adviser in 2009 and has over 20 years of investment experience.


Tenure Analysis

Category Low

0.75

Category High

28.92

Category Average

11.47

Category Mode

16.51