HAMCX: Hancock Horizon MS Tax-Free Income C

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HAMCX Hancock Horizon MS Tax-Free Income C


Profile

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 Caregory 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.


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Categories

HAMCX - Mutual Fund Categories


Performance

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 (%)
2019 -2.8% -7.2% 11.0% 79.59%
2018 1.4% -10.1% 6.8% 50.96%
2017 -2.9% -4.9% 0.0% 52.62%
2016 0.3% -5.6% 1.8% 13.15%
2015 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 (%)
2019 -1.2% -7.2% 11.0% 13.78%
2018 3.3% -10.1% 6.9% 6.13%
2017 -1.1% -4.9% 1.0% 5.87%
2016 2.1% -5.6% 4.0% 2.17%
2015 14.5% -34.8% 16.3% 0.94%

NAV & Total Return History


Holdings

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%

Expenses

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

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%

Distributions

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 Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

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

Dividend Payout History

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Fund Manager Analysis

HAMCX - Fund Manager Analysis

Managers

Jeffery R. Tanguis


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


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 Category High Category Average Category Mode
0.75 28.92 11.47 16.51