HHLCX: Hancock Horizon LA Tax-Free Income C

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HHLCX Hancock Horizon LA Tax-Free Income C

  • Fund
  • HHLCX
  • Price as of: May 24, 2019
  • $17.32 - $0.00 - 0.00%
  • Primary Category
  • N/A
  • Fund Company
  • N/A
  • Share Class

HHLCX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 1.9%
  • 5 Yr Annualized Return 3.6%
  • Net Assets $6.28 M
  • Holdings in Top 10 42.4%

52 WEEK LOW AND HIGH

$17.32
$16.40
$17.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.58%

SALES FEES

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

BROKERAGE FEES

  • Turnover 24.00%

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 Long

Distributions

  • YTD Total Return 3.1%
  • 3 Yr Annualized Total Return 1.9%
  • 5 Yr Annualized Total Return 3.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.75%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Hancock Horizon Louisiana Tax-Free Income Fund
  • Fund Family Name Hancock Horizon
  • Inception Date May 31, 2013
  • Shares Outstanding 1019
  • 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 Louisiana income tax. It may invest up to 35% of its total assets in municipal securities issued by U.S. territories. The fund may also invest in other municipal securities. The fund is non-diversified.

HHLCX - Mutual Fund Categories

HHLCX - Performance

Return Ranking - Trailing

Period HHLCX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -3.2% 7.6% 76.49%
1 Yr 4.5% -6.4% 8.5% 23.18%
3 Yr 1.9%* -2.3% 3.6% 29.76%
5 Yr 3.6%* -1.3% 1.7% 4.44%
10 Yr N/A* -1.1% 4.2% N/A

* Annualized


Return Ranking - Calendar

Period HHLCX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.3% -7.2% 11.0% 55.10%
2017 2.3% -10.1% 6.8% 19.03%
2016 -1.8% -4.9% 0.0% 6.13%
2015 1.1% -5.6% 1.8% 3.58%
2014 12.7% -34.8% 15.6% 0.81%

Total Return Ranking - Trailing

Period HHLCX Return Category Return Low Category Return High Rank in Category (%)
YTD 3.1% -3.2% 7.6% 60.86%
1 Yr 4.5% -6.4% 8.5% 6.75%
3 Yr 1.9%* -2.3% 3.6% 2.68%
5 Yr 3.6%* -1.3% 4.4% 0.65%
10 Yr N/A* -1.1% 5.6% N/A

* Annualized


Total Return Ranking - Calendar

Period HHLCX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.6% -7.2% 11.0% 9.57%
2017 4.9% -10.1% 6.9% 1.02%
2016 1.0% -4.9% 1.0% 0.26%
2015 3.9% -5.6% 4.0% 0.26%
2014 15.9% -34.8% 16.3% 0.40%

NAV & Total Return History

HHLCX - Holdings

Concentration Analysis

HHLCX Category Low Category High HHLCX % Rank
Net Assets 6.28 M 6.28 M 20.6 B 100.00%
Number of Holdings 31 31 4231 99.62%
Net Assets in Top 10 2.69 M -4.71 M 2.92 B 99.11%
Weighting of Top 10 42.37% 2.5% 58.7% 4.19%

Top 10 Holdings

  1. IBERIA PARISH LA PARISHWIDE SCH DIST 3.75% 4.50%

  2. LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH REV 5% 4.45%

  3. DE SOTO PARISH LA SCH BRD SALES & USE TAX 3.5% 4.34%

  4. PLAQUEMINE LA SALES & USE TAX 3.5% 4.30%

  5. RED RIVER PARISH LA PARISHWIDE SCH DIST NO 1 4% 4.22%

  6. LAFAYETTE PARISH LA SCH BRD SALES TAX REV 4% 4.22%

  7. LOUISIANA ST TRANSN AUTH 4.5% 4.20%

  8. ST TAMMANY PARISH LA HOSP SVC DIST NO 2 3.12% 4.14%

  9. NEW ORLEANS LA WTR REV 5% 4.05%

  10. LAFOURCHE PARISH LA CONS SCH DIST NO 1 PARISH WIDE 3.12% 3.95%


Asset Allocation

Weighting Return Low Return High HHLCX % Rank
Bonds
94.07% -0.60% 103.72% 94.16%
Cash
5.93% -3.73% 93.39% 5.72%
Stocks
0.00% 0.00% 0.32% 14.10%
Preferred Stocks
0.00% 0.00% 0.00% 12.83%
Other
0.00% -2.39% 8.43% 24.65%
Convertible Bonds
0.00% 0.00% 0.00% 12.83%

Bond Sector Breakdown

Weighting Return Low Return High HHLCX % Rank
Municipal
94.07% 0.00% 103.73% 94.03%
Cash & Equivalents
5.93% -3.73% 93.39% 5.72%
Derivative
0.00% -0.20% 0.00% 12.83%
Securitized
0.00% 0.00% 0.00% 12.83%
Corporate
0.00% 0.00% 4.72% 21.22%
Government
0.00% -17.97% 1.02% 12.83%

Bond Geographic Breakdown

Weighting Return Low Return High HHLCX % Rank
US
94.07% -0.60% 102.38% 76.11%
Non US
0.00% 0.00% 22.38% 79.29%

HHLCX - Expenses

Operational Fees

HHLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.58% 0.09% 2.58% 0.13%
Management Fee 0.60% 0.08% 1.30% 97.71%
12b-1 Fee 0.75% 0.00% 1.00% 65.93%
Administrative Fee 0.10% 0.00% 0.33% 36.04%

Sales Fees

HHLCX 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

HHLCX 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.

HHLCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 24.00% 3.32% 293.00% 73.87%

HHLCX - Distributions

Dividend Yield Analysis

HHLCX Category Low Category High HHLCX % Rank
Dividend Yield 0.01% 0.00% 2.83% 90.47%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

HHLCX Category Low Category High HHLCX % Rank
Net Income Ratio 1.75% -0.21% 4.62% 93.14%

Capital Gain Distribution Analysis

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

HHLCX - 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