Hancock Horizon MS Tax-Free Income Instl
Name
As of 09/24/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.0%
1 yr return
1.7%
3 Yr Avg Return
4.4%
5 Yr Avg Return
2.3%
Net Assets
$11.6 M
Holdings in Top 10
48.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.75%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 6.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 09/24/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HHMTX - Profile
Distributions
- YTD Total Return -1.0%
- 3 Yr Annualized Total Return 4.4%
- 5 Yr Annualized Total Return 2.3%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.16%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHancock Horizon Mississippi Tax-Free Income Fund
-
Fund Family NameHancock Horizon
-
Inception DateFeb 01, 2011
-
Shares Outstanding567305
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffery Tanguis
Fund Description
HHMTX - Performance
Return Ranking - Trailing
Period | HHMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.0% | -88.5% | 100.7% | 64.27% |
1 Yr | 1.7% | -20.5% | 20.4% | 78.40% |
3 Yr | 4.4%* | -6.2% | 10.9% | 48.20% |
5 Yr | 2.3%* | -3.5% | 7.1% | 62.93% |
10 Yr | 3.6%* | -0.2% | 9.3% | 48.83% |
* Annualized
Return Ranking - Calendar
Period | HHMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -91.1% | 310.0% | 24.36% |
2022 | 4.7% | -79.8% | 15.4% | 21.20% |
2021 | -2.8% | -72.6% | 97.2% | 63.72% |
2020 | 1.4% | -100.0% | 7.6% | 50.80% |
2019 | -2.9% | -35.9% | 96.8% | 51.11% |
Total Return Ranking - Trailing
Period | HHMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.0% | -88.5% | 100.7% | 64.27% |
1 Yr | 1.7% | -24.2% | 24.2% | 50.19% |
3 Yr | 4.4%* | -7.0% | 11.7% | 39.15% |
5 Yr | 2.3%* | -4.0% | 7.1% | 48.99% |
10 Yr | 3.6%* | -0.6% | 9.3% | 44.77% |
* Annualized
Total Return Ranking - Calendar
Period | HHMTX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 2.2% | -91.1% | 310.0% | 24.36% |
2022 | 5.1% | -79.8% | 15.4% | 13.68% |
2021 | -0.2% | -72.6% | 11.0% | 9.33% |
2020 | 4.3% | -100.0% | 7.6% | 5.08% |
2019 | -0.1% | -35.9% | 3.0% | 2.92% |
NAV & Total Return History
HHMTX - Holdings
Concentration Analysis
HHMTX | Category Low | Category High | HHMTX % Rank | |
---|---|---|---|---|
Net Assets | 11.6 M | 882 K | 88.1 B | 98.72% |
Number of Holdings | 33 | 1 | 12437 | 69.75% |
Net Assets in Top 10 | 5.55 M | -308 M | 3.93 B | 71.84% |
Weighting of Top 10 | 48.04% | 2.4% | 100.0% | 30.35% |
Top 10 Holdings
- MISSISSIPPI DEV BK SPL OBLIG 3.38% 6.62%
- OXFORD MISS 3.12% 5.38%
- MISSISSIPPI ST GAMING TAX REV 5% 5.13%
- MISSISSIPPI ST UNIV EDL BLDG CORP REV 4% 5.03%
- MISSISSIPPI DEV BK 5.25% 4.77%
- MISSISSIPPI ST 3% 4.76%
- MISSISSIPPI ST 3.75% 4.44%
- MISSISSIPPI DEV BK SPL OBLIG 5% 4.38%
- STARKVILLE MISS 4% 4.10%
- S M EDL BLDG CORP REV MISS 3.25% 3.95%
Asset Allocation
Weighting | Return Low | Return High | HHMTX % Rank | |
---|---|---|---|---|
Bonds | 96.15% | 46.14% | 145.79% | 79.34% |
Cash | 3.85% | -45.79% | 53.86% | 20.47% |
Stocks | 0.00% | -0.15% | 2.80% | 68.99% |
Preferred Stocks | 0.00% | -3.40% | 1.05% | 67.62% |
Other | 0.00% | -9.70% | 30.00% | 68.89% |
Convertible Bonds | 0.00% | -0.02% | 1.09% | 68.81% |
Bond Sector Breakdown
Weighting | Return Low | Return High | HHMTX % Rank | |
---|---|---|---|---|
Municipal | 96.15% | 46.14% | 100.00% | 77.04% |
Cash & Equivalents | 3.85% | 0.00% | 53.86% | 21.78% |
Derivative | 0.00% | 0.00% | 0.09% | 68.73% |
Securitized | 0.00% | 0.00% | 8.03% | 69.42% |
Corporate | 0.00% | 0.00% | 11.97% | 73.97% |
Government | 0.00% | 0.00% | 50.63% | 70.81% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | HHMTX % Rank | |
---|---|---|---|---|
US | 96.15% | 0.00% | 141.11% | 60.91% |
Non US | 0.00% | 0.00% | 100.00% | 93.74% |
HHMTX - Expenses
Operational Fees
HHMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.75% | 0.04% | 4.23% | 31.97% |
Management Fee | 0.60% | 0.00% | 1.60% | 96.39% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.47% | 58.36% |
Sales Fees
HHMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 0.25% | 5.50% | N/A |
Trading Fees
HHMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 1.00% | 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.
HHMTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 6.00% | 0.00% | 299.40% | 6.50% |
HHMTX - Distributions
Dividend Yield Analysis
HHMTX | Category Low | Category High | HHMTX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 35.27% | 69.24% |
Dividend Distribution Analysis
HHMTX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
HHMTX | Category Low | Category High | HHMTX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.16% | -0.53% | 24.00% | 52.54% |
Capital Gain Distribution Analysis
HHMTX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Feb 28, 2019 | $0.031 | |
Jan 31, 2019 | $0.039 | |
Dec 31, 2018 | $0.032 | |
Nov 30, 2018 | $0.035 | |
Oct 31, 2018 | $0.038 | |
Sep 28, 2018 | $0.033 | |
Aug 31, 2018 | $0.035 | |
Jul 31, 2018 | $0.036 | |
Jun 29, 2018 | $0.033 | |
May 31, 2018 | $0.038 | |
Apr 30, 2018 | $0.032 | |
Mar 29, 2018 | $0.034 | |
Feb 28, 2018 | $0.035 | |
Jan 31, 2018 | $0.042 | |
Dec 29, 2017 | $0.036 | |
Nov 30, 2017 | $0.039 | |
Oct 31, 2017 | $0.040 | |
Sep 29, 2017 | $0.036 | |
Aug 31, 2017 | $0.041 | |
Jul 31, 2017 | $0.036 | |
Jun 30, 2017 | $0.038 | |
May 31, 2017 | $0.042 | |
Apr 28, 2017 | $0.037 | |
Mar 31, 2017 | $0.041 | |
Feb 28, 2017 | $0.037 | |
Jan 31, 2017 | $0.044 | |
Dec 30, 2016 | $0.039 | |
Nov 30, 2016 | $0.038 | |
Oct 31, 2016 | $0.036 | |
Sep 30, 2016 | $0.037 | |
Aug 31, 2016 | $0.048 | |
Jul 29, 2016 | $0.038 | |
Jun 30, 2016 | $0.042 | |
May 31, 2016 | $0.037 | |
Apr 29, 2016 | $0.038 | |
Mar 31, 2016 | $0.044 | |
Feb 29, 2016 | $0.038 | |
Jan 29, 2016 | $0.038 | |
Dec 31, 2015 | $0.047 | |
Nov 30, 2015 | $0.038 | |
Oct 30, 2015 | $0.039 | |
Sep 30, 2015 | $0.043 | |
Aug 31, 2015 | $0.039 | |
Jul 31, 2015 | $0.042 | |
Jun 30, 2015 | $0.043 | |
May 29, 2015 | $0.039 | |
Apr 30, 2015 | $0.040 | |
Mar 31, 2015 | $0.043 | |
Jan 30, 2015 | $0.057 | |
Dec 31, 2014 | $0.038 | |
Nov 28, 2014 | $0.037 | |
Oct 31, 2014 | $0.043 | |
Sep 30, 2014 | $0.044 | |
Aug 29, 2014 | $0.042 | |
Jul 31, 2014 | $0.044 | |
Jun 30, 2014 | $0.041 | |
May 30, 2014 | $0.041 | |
Apr 30, 2014 | $0.044 | |
Mar 31, 2014 | $0.039 | |
Feb 28, 2014 | $0.040 | |
Jan 31, 2014 | $0.049 | |
Dec 31, 2013 | $0.040 | |
Nov 29, 2013 | $0.038 | |
Oct 31, 2013 | $0.047 | |
Sep 30, 2013 | $0.044 | |
Aug 30, 2013 | $0.048 | |
Jul 31, 2013 | $0.051 | |
Jun 28, 2013 | $0.044 | |
May 31, 2013 | $0.046 | |
Apr 30, 2013 | $0.051 | |
Mar 28, 2013 | $0.043 | |
Feb 28, 2013 | $0.041 | |
Jan 31, 2013 | $0.049 | |
Dec 31, 2012 | $0.042 | |
Nov 30, 2012 | $0.043 | |
Oct 31, 2012 | $0.052 | |
Sep 28, 2012 | $0.043 | |
Aug 31, 2012 | $0.047 | |
Jul 31, 2012 | $0.046 | |
Jun 30, 2012 | $0.046 | |
May 31, 2012 | $0.051 | |
Apr 30, 2012 | $0.045 | |
Mar 30, 2012 | $0.046 | |
Feb 29, 2012 | $0.046 | |
Jan 31, 2012 | $0.050 | |
Dec 30, 2011 | $0.048 | |
Nov 30, 2011 | $0.052 | |
Oct 31, 2011 | $0.042 | |
Sep 30, 2011 | $0.049 | |
Aug 31, 2011 | $0.055 | |
Jul 29, 2011 | $0.048 | |
Jun 30, 2011 | $0.055 | |
May 31, 2011 | $0.046 | |
Apr 29, 2011 | $0.041 | |
Mar 31, 2011 | $0.037 | |
Feb 28, 2011 | $0.011 |
HHMTX - Fund Manager Analysis
Managers
Jeffery Tanguis
Start Date
Tenure
Tenure Rank
Feb 01, 2011
10.59
10.6%
Jeffrey Tanguis is an investment director at Hancock Whitney Bank, where he is responsible for developing and implementing fixed income strategy and serves as a portfolio manager for high net worth clients. Additionally, he is manages the Louisiana Tax-Free Income Fund and the Mississippi Tax-Free Income Fund for the Hancock Horizon Family of Funds.
Nathan Grant
Start Date
Tenure
Tenure Rank
May 31, 2018
3.25
3.3%
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 |
---|---|---|---|
0.01 | 36.44 | 7.23 | 0.83 |