HICOX: Colorado BondShares A Tax-Exempt

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HICOX Colorado BondShares A Tax-Exempt


Profile

HICOX - Profile

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return 0.2%
  • Net Assets $1.48 B
  • Holdings in Top 10 18.8%

52 WEEK LOW AND HIGH

$9.21
$8.62
$9.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.55%

SALES FEES

  • Front Load 4.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 9.62%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Muni Single State Interm

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.02%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Colorado Bond Shares A Tax Exempt Fund
  • Fund Family Name
    Freedom Funds
  • Inception Date
    Jun 04, 1987
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Fred Kelly

Fund Description

The manager will attempt to invest up to 100% and, except for temporary investments, will invest at least 80% of the value of its net assets (plus the amount of any borrowings for investment purposes) in tax-exempt bonds and other tax-exempt securities, including tax-exempt notes and tax-exempt municipal leases of the State of Colorado, its political subdivisions, municipalities and public authorities ("Tax-Exempt Obligations").


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Categories

Performance

HICOX - Performance

Return Ranking - Trailing

Period HICOX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -4.4% 2.4% 87.25%
1 Yr -0.3% -3.9% 2.2% 83.82%
3 Yr 0.6%* -1.6% 3.0% 40.22%
5 Yr 0.2%* -1.0% 1.4% 48.63%
10 Yr 0.0%* -0.9% 0.7% 36.45%

* Annualized

Return Ranking - Calendar

Period HICOX Return Category Return Low Category Return High Rank in Category (%)
2019 2.1% 0.1% 8.0% 88.61%
2018 0.0% -4.8% 7.3% 3.91%
2017 1.7% -6.5% 3.8% 20.00%
2016 -2.5% -6.4% -0.4% 47.95%
2015 0.3% -4.7% 1.1% 9.66%

Total Return Ranking - Trailing

Period HICOX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% -4.4% 2.4% 87.25%
1 Yr -0.3% -3.9% 2.2% 83.82%
3 Yr 0.8%* -1.6% 3.0% 27.37%
5 Yr 0.3%* -1.0% 2.7% 41.78%
10 Yr 0.1%* -0.9% 0.7% 39.25%

* Annualized

Total Return Ranking - Calendar

Period HICOX Return Category Return Low Category Return High Rank in Category (%)
2019 2.1% 0.1% 8.0% 88.61%
2018 0.6% -4.8% 7.3% 5.03%
2017 1.8% -6.5% 4.7% 20.65%
2016 -2.5% -6.4% 0.7% 51.37%
2015 0.3% -4.7% 4.0% 11.72%

NAV & Total Return History


Holdings

HICOX - Holdings

Concentration Analysis

HICOX Category Low Category High HICOX % Rank
Net Assets 1.48 B 6.18 M 2.53 B 6.86%
Number of Holdings 257 29 631 14.78%
Net Assets in Top 10 271 M 2.88 M 338 M 5.91%
Weighting of Top 10 18.77% 9.6% 47.8% 72.41%

Top 10 Holdings

  1. RAVENNA MET DIST COLO 5% 2.25%
  2. MEADOWS MET DIST COLO 7.999% 2.16%
  3. COLORADO EDL & CULTURAL FACS AUTH REV 5.85% 2.08%
  4. PUBLIC FIN AUTH WIS CHARTER SCH REV 4.65% 2.02%
  5. PUBLIC FIN AUTH WIS ED REV 5% 1.96%
  6. COLORADO EDL & CULTURAL FACS AUTH REV 4.5% 1.79%
  7. MEADOWS MET DIST COLO 7.999% 1.68%
  8. FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 0.1 1.67%
  9. COLORADO EDL & CULTURAL FACS AUTH REV 5.375% 1.61%
  10. FEDERAL HOME LN MTG CORP MULTIFAMILY VAR RATE CTFS RELATING TO MUN SECS 0.1 1.55%

Asset Allocation

Weighting Return Low Return High HICOX % Rank
Bonds
65.51% 17.56% 133.94% 98.53%
Cash
34.49% -41.01% 82.44% 1.97%
Stocks
0.00% 0.00% 1.04% 14.22%
Preferred Stocks
0.00% 0.00% 0.00% 11.33%
Other
0.00% -1.48% 7.08% 21.67%
Convertible Bonds
0.00% 0.00% 0.00% 11.33%

Bond Sector Breakdown

Weighting Return Low Return High HICOX % Rank
Municipal
64.59% 17.56% 100.00% 98.52%
Cash & Equivalents
34.49% 0.00% 82.44% 1.97%
Corporate
0.58% 0.00% 0.58% 0.49%
Government
0.34% 0.00% 0.34% 0.49%
Derivative
0.00% 0.00% 0.00% 11.33%
Securitized
0.00% 0.00% 0.00% 11.33%

Bond Geographic Breakdown

Weighting Return Low Return High HICOX % Rank
US
65.51% 17.56% 122.64% 98.52%
Non US
0.00% 0.00% 22.05% 83.74%

Expenses

HICOX - Expenses

Operational Fees

HICOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.25% 2.73% 89.71%
Management Fee 0.50% 0.20% 0.80% 40.69%
12b-1 Fee N/A 0.00% 1.00% 11.90%
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

HICOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.75% 2.00% 4.75% 1.61%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

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

HICOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 9.62% 1.00% 80.68% 26.73%

Distributions

HICOX - Distributions

Dividend Yield Analysis

HICOX Category Low Category High HICOX % Rank
Dividend Yield 0.00% 0.00% 2.47% 15.69%

Dividend Distribution Analysis

HICOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

HICOX Category Low Category High HICOX % Rank
Net Income Ratio 4.02% 1.05% 4.17% 0.98%

Capital Gain Distribution Analysis

HICOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

HICOX - Fund Manager Analysis

Managers

Fred Kelly


Start Date

Tenure

Tenure Rank

Nov 01, 1990

29.85

29.9%

Fred R. Kelly, Jr., is President, Secretary Treasurer and Portfolio Manager of the Freedom Funds Management Company. Mr. Kelly is also a registered representative of Smith Hayes Financial Services Corporation. For 10 years preceding his appointment as portfolio manager, Mr. Kelly worked for the investment banking firm of Hanifen, Imhoff Inc. (“Hanifen”) and specialized in the area of tax-exempt public finance, serving as financial adviser and investment banker for public entities primarily in the Rocky Mountain region. More recently, Mr. Kelly has been actively involved in the restructuring of financially troubled projects, has acted as a financial consultant. Prior to joining Hanifen, Mr. Kelly was employed for six years by the U.S. Treasury Department, Comptroller of the Currency, as a Senior Field Examiner. Mr. Kelly is a past director of the Colorado Municipal Bond Dealers Association and currently serves as a director of First National Bancshares, Inc., Carbon County Holding Company, Rawlins National Bank, Cowboy State Bank and is President of Carbon County Holding Company. Mr. Kelly pursued his undergraduate study at the University of Wyoming in Laramie, receiving his bachelor’s degree in Accounting with emphasis in Finance. Subsequently, he attended Northwestern University in Evanston, Illinois, where he completed his postgraduate work in banking.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.34 33.77 14.23 30.69