HCM Income Plus Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
7.8%
1 yr return
31.6%
3 Yr Avg Return
2.4%
5 Yr Avg Return
10.2%
Net Assets
$642 M
Holdings in Top 10
100.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.25%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 03/26/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HCMKX - Profile
Distributions
- YTD Total Return 7.8%
- 3 Yr Annualized Total Return 2.4%
- 5 Yr Annualized Total Return 10.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.55%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHCM Income Plus Fund
-
Fund Family NameHoward Capital Management
-
Inception DateNov 09, 2016
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerVance Howard
Fund Description
The Fund seeks to achieve its investment objective through investments in ETFs that invest in foreign (including emerging markets) and domestic: (i) equity securities of any market capitalization; (ii) fixed income securities of any maturity, duration and credit quality (including junk bonds), plus (iii) investment companies (mutual funds, closed-end funds and ETFs), sometimes referred to in this Prospectus as Underlying Funds, including investment companies that use leverage; and (iv) cash and cash equivalents and put and call options.
The Adviser (as defined below) uses the HCM – BuyLine® (HCM-BuyLine®), its proprietary quantitative model, to assist in determining when and which asset classes are bought and sold. The HCM-BuyLine® mathematically attempts to keep the Fund in the strongest sector or sectors at any given time as measured by the model. If a sector weakens, the HCM-BuyLine® suggests a stronger sector into which the Fund should allocate its assets. The models calculations are updated daily and evaluated weekly to determine whether the Funds holdings require a reallocation. If a reallocation is required, weaker holdings are replaced with the stronger assets as determined by the model.
The Adviser uses HCM-BuyLine® to determine when the Fund should be in or out of the market. HCM-BuyLine® uses trend analysis to help identify the broad trend in the equity market. When the trend is down, the Adviser reduces the Funds exposure to equities, and, when the trend is up, the Adviser increases the Funds exposure to equities. The Adviser uses its discretion to determine how much the Fund will be in or out of the market based on the strength of the trend identified by HCM-BuyLine®. When the Fund is out of the market, it invests in cash and cash equivalents and/or put options to hedge the portfolios equity securities and to reduce volatility. Put options generally have an inverse relationship to the underlying security on which the option is held. When the Fund is in the market, it invests in equity securities and/or call options. Call options generally have a direct relationship to the underlying security on which the option is held. The Fund may be invested from 0-100% in cash and cash equivalents and/or put and call options and0-100% in equities depending on the strength of the trend identified by HCM-BuyLine®.
The Adviser maintains the ability to invest a large percentage of the Funds holdings in one asset class of the market. The overall asset allocation of the Fund is not fixed. It can and will change significantly over time as the Adviser decides to buy and sell any holding of the portfolio in response to changes in the models quantitative measures as a means to take advantage of changes in U.S. and global market trends. The Adviser may engage in frequent buying and selling of the portfolio securities to achieve the Funds investment objectives.
HCMKX - Performance
Return Ranking - Trailing
Period | HCMKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.8% | -0.9% | 26.1% | 2.24% |
1 Yr | 31.6% | -5.9% | 45.8% | 1.26% |
3 Yr | 2.4%* | -5.8% | 8.6% | 70.01% |
5 Yr | 10.2%* | -4.1% | 15.9% | 4.75% |
10 Yr | N/A* | 0.7% | 10.9% | N/A |
* Annualized
Return Ranking - Calendar
Period | HCMKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.6% | -12.2% | 23.9% | 0.98% |
2022 | -25.0% | -34.7% | 2.8% | 92.45% |
2021 | 8.7% | -11.9% | 18.1% | 26.99% |
2020 | 39.1% | -20.9% | 39.7% | 0.46% |
2019 | 14.5% | 0.8% | 25.7% | 44.52% |
Total Return Ranking - Trailing
Period | HCMKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 7.8% | -0.9% | 26.1% | 2.24% |
1 Yr | 31.6% | -5.9% | 45.8% | 1.26% |
3 Yr | 2.4%* | -5.8% | 8.6% | 70.01% |
5 Yr | 10.2%* | -4.1% | 15.9% | 4.75% |
10 Yr | N/A* | 0.7% | 10.9% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | HCMKX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 20.7% | -12.2% | 26.8% | 3.79% |
2022 | -25.0% | -29.0% | 10.9% | 99.29% |
2021 | 9.0% | -3.0% | 24.2% | 88.05% |
2020 | 39.5% | -19.5% | 40.6% | 0.46% |
2019 | 14.6% | 4.4% | 32.7% | 93.32% |
NAV & Total Return History
HCMKX - Holdings
Concentration Analysis
HCMKX | Category Low | Category High | HCMKX % Rank | |
---|---|---|---|---|
Net Assets | 642 M | 733 K | 195 B | 61.16% |
Number of Holdings | 8 | 2 | 15716 | 95.70% |
Net Assets in Top 10 | 643 M | 618 K | 62.8 B | 46.60% |
Weighting of Top 10 | 100.12% | 11.4% | 118.9% | 2.22% |
Top 10 Holdings
- ISHARES CORE U.S. AGGREGA 21.28%
- VANGUARD MEGA CAP GROWTH 17.09%
- PROSHARES ULTRA QQQ 16.45%
- INVESCO QQQ TRUST SERIES 15.68%
- VANGUARD GROWTH ETF 11.21%
- PROSHARES ULTRA SP500 10.01%
- WISDOMTREE FLOAT 7.66%
- BBH SWEEP VEHICLE 0.75%
Asset Allocation
Weighting | Return Low | Return High | HCMKX % Rank | |
---|---|---|---|---|
Stocks | 99.37% | 0.00% | 103.09% | 23.44% |
Convertible Bonds | 10.95% | 0.00% | 23.84% | 2.79% |
Cash | 0.75% | -10.21% | 100.00% | 65.88% |
Preferred Stocks | 0.00% | 0.00% | 23.88% | 71.84% |
Other | 0.00% | -41.62% | 117.44% | 72.95% |
Bonds | 0.00% | 0.00% | 77.27% | 82.25% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HCMKX % Rank | |
---|---|---|---|---|
Technology | 44.21% | 0.00% | 44.21% | 0.42% |
Consumer Cyclical | 17.43% | 0.00% | 19.36% | 1.40% |
Communication Services | 15.03% | 0.00% | 38.10% | 2.24% |
Healthcare | 6.67% | 0.00% | 29.35% | 92.16% |
Consumer Defense | 4.89% | 0.00% | 15.14% | 82.49% |
Financial Services | 4.16% | 0.00% | 38.77% | 96.92% |
Industrials | 3.59% | 0.00% | 24.37% | 98.18% |
Utilities | 1.75% | 0.00% | 99.55% | 82.63% |
Real Estate | 1.05% | 0.00% | 65.01% | 89.22% |
Basic Materials | 0.89% | 0.00% | 33.35% | 93.98% |
Energy | 0.34% | 0.00% | 85.65% | 91.88% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HCMKX % Rank | |
---|---|---|---|---|
US | 99.37% | 0.00% | 103.09% | 23.44% |
Non US | 0.00% | 0.00% | 38.68% | 72.68% |
HCMKX - Expenses
Operational Fees
HCMKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.25% | 0.03% | 17.63% | 6.76% |
Management Fee | 0.95% | 0.00% | 1.83% | 96.01% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 92.56% |
Administrative Fee | N/A | 0.01% | 0.83% | N/A |
Sales Fees
HCMKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
HCMKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.00% | 2.00% | 75.00% |
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.
HCMKX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 5.00% | 0.00% | 343.00% | 2.07% |
HCMKX - Distributions
Dividend Yield Analysis
HCMKX | Category Low | Category High | HCMKX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.03% | 0.00% | 15.61% | 95.45% |
Dividend Distribution Analysis
HCMKX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Monthly | Annual |
Net Income Ratio Analysis
HCMKX | Category Low | Category High | HCMKX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.55% | -2.34% | 19.41% | 97.18% |
Capital Gain Distribution Analysis
HCMKX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 20, 2023 | $0.006 | OrdinaryDividend |
Dec 20, 2019 | $0.018 | OrdinaryDividend |
Dec 21, 2018 | $0.081 | OrdinaryDividend |
Dec 22, 2017 | $0.162 | OrdinaryDividend |
Dec 23, 2016 | $0.059 | OrdinaryDividend |
HCMKX - Fund Manager Analysis
Managers
Vance Howard
Start Date
Tenure
Tenure Rank
Nov 09, 2016
5.56
5.6%
Vance Howard has been the President, CEO, Chairman of the Board and founder of Howard since 1999. Prior to forming Howard, he was the President, CEO, Chairman and founder of Chartered Financial Services, Inc., an investment advisory firm. Vance Howard began his professional money management career in 1992 with the formation of Chartered Financial Services, Inc., which was renamed Howard Capital Management, Inc. in 1999. Vance specializes in research, development, and implementation of various types of trading systems. Mr. Howard holds a Bachelor’s degree in General Business from Sam Houston State University.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 34.51 | 6.33 | 2.41 |