Hawaiian Tax Fr Tr Shs -I-
Name
As of 02/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
N/A
1 yr return
N/A
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$507 M
Holdings in Top 10
38.7%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.03%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 71.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 02/28/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HITIX - Profile
Distributions
- YTD Total Return N/A
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.73%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHartford Schroders Securitized Income Fund
-
Fund Family NameHartford Mutual Funds
-
Inception DateFeb 28, 2019
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMichelle Russell-Dowe
Fund Description
Under normal circumstances, at least 80% of the Trust’s assets will be invested in municipal obligations that pay interest exempt, in the opinion of bond counsel, from Hawaii State and regular Federal income taxes. In general, almost all of these obligations are issued by the State of Hawaii, its counties and various other local authorities; these obligations may also include certain other governmental issuers. We call these “Hawaiian Obligations.” These securities may include participation or other interests in municipal securities and variable rate demand notes. Some Hawaiian Obligations, such as general obligation issues, are backed by the issuer’s taxing authority, while other Hawaiian Obligations, such as revenue bonds, are backed only by revenues from certain facilities or other sources and not by the issuer itself. These obligations can be of any maturity, but the Trust’s weighted average maturity has traditionally been between 5 and 15 years. The Trust is classified as a “non-diversified” investment company under the Investment Company Act of 1940 (the “1940 Act”), which means it may invest a greater percentage of its assets in a smaller number of issuers than a diversified fund.
At the time of purchase, the Trust’s Hawaiian Obligations must be of investment grade quality. This means that they must either
· | be rated within the four highest credit ratings assigned by nationally recognized statistical rating organizations or, |
· | if unrated, be determined to be of comparable quality by the Trust’s investment adviser, Asset Management Group of Bank of Hawaii (the “Adviser”). |
The Adviser selects obligations for the Trust’s portfolio in order to achieve the Trust’s objective by considering various characteristics including quality, maturity and coupon rate.
HITIX - Performance
Return Ranking - Trailing
Period | HITIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -6.2% | 4.7% | 6.43% |
1 Yr | N/A | -11.9% | 3.5% | 63.78% |
3 Yr | N/A* | -6.5% | 1.3% | 22.14% |
5 Yr | N/A* | -11.0% | 3.5% | N/A |
10 Yr | N/A* | -11.6% | 2.3% | N/A |
* Annualized
Return Ranking - Calendar
Period | HITIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -8.5% | -17.7% | -2.5% | 79.07% |
2022 | -0.2% | -2.0% | 2.2% | 5.91% |
2021 | -1.6% | -2.8% | 4.6% | 96.59% |
2020 | N/A | -28.6% | 3.0% | N/A |
2019 | N/A | -3.7% | 0.4% | N/A |
Total Return Ranking - Trailing
Period | HITIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -6.2% | 4.7% | 3.30% |
1 Yr | N/A | -11.9% | 0.9% | 59.45% |
3 Yr | N/A* | -6.5% | 4.5% | 22.26% |
5 Yr | N/A* | -8.6% | 1.7% | N/A |
10 Yr | N/A* | -10.2% | 2.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | HITIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -5.1% | -17.7% | -2.5% | 58.68% |
2022 | 1.4% | -2.0% | 2.2% | 15.71% |
2021 | 0.7% | -2.8% | 4.6% | 98.86% |
2020 | N/A | -28.6% | 3.0% | N/A |
2019 | N/A | -1.0% | 1.3% | N/A |
NAV & Total Return History
HITIX - Holdings
Concentration Analysis
HITIX | Category Low | Category High | HITIX % Rank | |
---|---|---|---|---|
Net Assets | 507 M | 5.81 M | 70.5 B | 63.37% |
Number of Holdings | 113 | 4 | 4919 | 87.83% |
Net Assets in Top 10 | 46.9 M | -23.9 M | 9.45 B | 76.70% |
Weighting of Top 10 | 38.71% | 1.7% | 100.0% | 20.85% |
Top 10 Holdings
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
- 2 Year Treasury Note Future Mar 22 41.23%
Asset Allocation
Weighting | Return Low | Return High | HITIX % Rank | |
---|---|---|---|---|
Bonds | 93.46% | 49.71% | 194.71% | 44.70% |
Cash | 5.57% | -102.46% | 39.20% | 31.30% |
Stocks | 0.97% | -0.66% | 11.31% | 5.91% |
Preferred Stocks | 0.00% | 0.00% | 25.64% | 43.30% |
Other | 0.00% | -2.59% | 10.19% | 30.09% |
Convertible Bonds | 0.00% | 0.00% | 27.71% | 95.30% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HITIX % Rank | |
---|---|---|---|---|
Real Estate | 100.00% | 0.00% | 100.00% | 1.54% |
Utilities | 0.00% | 0.00% | 81.48% | 46.15% |
Technology | 0.00% | 0.00% | 24.45% | 44.62% |
Industrials | 0.00% | 0.00% | 100.00% | 50.77% |
Healthcare | 0.00% | 0.00% | 23.11% | 43.08% |
Financial Services | 0.00% | 0.00% | 100.00% | 63.08% |
Energy | 0.00% | 0.00% | 100.00% | 76.92% |
Communication Services | 0.00% | 0.00% | 65.64% | 56.92% |
Consumer Defense | 0.00% | 0.00% | 21.37% | 40.00% |
Consumer Cyclical | 0.00% | 0.00% | 10.75% | 43.08% |
Basic Materials | 0.00% | 0.00% | 22.71% | 43.08% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HITIX % Rank | |
---|---|---|---|---|
US | 0.97% | -0.54% | 9.00% | 5.91% |
Non US | 0.00% | -0.66% | 2.31% | 26.78% |
Bond Sector Breakdown
Weighting | Return Low | Return High | HITIX % Rank | |
---|---|---|---|---|
Securitized | 64.37% | 0.00% | 97.27% | 2.61% |
Government | 26.86% | 0.00% | 73.63% | 34.26% |
Cash & Equivalents | 5.62% | 0.00% | 44.09% | 38.96% |
Corporate | 3.15% | 0.00% | 100.00% | 98.61% |
Derivative | 0.00% | 0.00% | 45.97% | 40.35% |
Municipal | 0.00% | 0.00% | 17.46% | 65.22% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | HITIX % Rank | |
---|---|---|---|---|
US | 84.69% | 0.00% | 165.96% | 30.78% |
Non US | 8.77% | 0.00% | 72.71% | 71.65% |
HITIX - Expenses
Operational Fees
HITIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.03% | 0.01% | 19.98% | 25.05% |
Management Fee | 0.40% | 0.00% | 1.19% | 73.78% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
HITIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.50% | 5.75% | N/A |
Deferred Load | N/A | 0.50% | 4.00% | N/A |
Trading Fees
HITIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 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.
HITIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 71.00% | 2.00% | 500.00% | 44.11% |
HITIX - Distributions
Dividend Yield Analysis
HITIX | Category Low | Category High | HITIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.75% | 10.96% |
Dividend Distribution Analysis
HITIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
HITIX | Category Low | Category High | HITIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.73% | -1.27% | 4.98% | 18.12% |
Capital Gain Distribution Analysis
HITIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 30, 2022 | $0.038 | OrdinaryDividend |
Oct 31, 2022 | $0.034 | OrdinaryDividend |
Sep 29, 2022 | $0.031 | OrdinaryDividend |
Aug 31, 2022 | $0.030 | OrdinaryDividend |
Jul 29, 2022 | $0.021 | OrdinaryDividend |
Jun 29, 2022 | $0.019 | OrdinaryDividend |
May 31, 2022 | $0.017 | OrdinaryDividend |
Apr 29, 2022 | $0.016 | OrdinaryDividend |
Mar 30, 2022 | $0.013 | OrdinaryDividend |
Feb 28, 2022 | $0.015 | OrdinaryDividend |
Jan 31, 2022 | $0.010 | OrdinaryDividend |
Dec 30, 2021 | $0.034 | OrdinaryDividend |
Nov 30, 2021 | $0.012 | OrdinaryDividend |
Oct 29, 2021 | $0.011 | OrdinaryDividend |
Sep 29, 2021 | $0.012 | OrdinaryDividend |
Aug 31, 2021 | $0.011 | OrdinaryDividend |
Jul 30, 2021 | $0.010 | OrdinaryDividend |
Jun 29, 2021 | $0.011 | OrdinaryDividend |
May 28, 2021 | $0.011 | OrdinaryDividend |
Apr 30, 2021 | $0.012 | OrdinaryDividend |
Mar 30, 2021 | $0.012 | OrdinaryDividend |
Feb 26, 2021 | $0.012 | OrdinaryDividend |
Jan 29, 2021 | $0.014 | OrdinaryDividend |
Dec 30, 2020 | $0.044 | OrdinaryDividend |
Nov 27, 2020 | $0.015 | OrdinaryDividend |
Oct 30, 2020 | $0.013 | OrdinaryDividend |
Sep 29, 2020 | $0.015 | OrdinaryDividend |
Aug 31, 2020 | $0.014 | OrdinaryDividend |
Jul 31, 2020 | $0.017 | OrdinaryDividend |
Jun 29, 2020 | $0.014 | OrdinaryDividend |
May 29, 2020 | $0.016 | OrdinaryDividend |
Apr 30, 2020 | $0.016 | OrdinaryDividend |
Mar 30, 2020 | $0.019 | OrdinaryDividend |
Feb 28, 2020 | $0.027 | OrdinaryDividend |
Jan 31, 2020 | $0.016 | OrdinaryDividend |
Dec 30, 2019 | $0.029 | OrdinaryDividend |
Nov 29, 2019 | $0.020 | OrdinaryDividend |
Oct 31, 2019 | $0.019 | OrdinaryDividend |
Sep 30, 2019 | $0.015 | OrdinaryDividend |
Aug 30, 2019 | $0.018 | OrdinaryDividend |
Jul 31, 2019 | $0.019 | OrdinaryDividend |
Jun 28, 2019 | $0.016 | OrdinaryDividend |
May 31, 2019 | $0.023 | OrdinaryDividend |
Apr 30, 2019 | $0.023 | OrdinaryDividend |
Mar 29, 2019 | $0.013 | OrdinaryDividend |
HITIX - Fund Manager Analysis
Managers
Michelle Russell-Dowe
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Michelle Russell-Dowe is the Head of Securitized Credit at Schroders, she is responsible for managing the Securitized Credit Team and the Securitized Credit Portfolio Strategies. She joined Schroders in 2016 and is based in New York. Michelle was the Head of Securitized Products at Brookfield Investment Management (previously Hyperion Capital Management) from 1999 to 2016, she was responsible for managing the Securitized Products Investment Team. She was the Lead Portfolio Manager responsible for the Securitized Investment Strategies. She was a Vice President at Duff & Phelps Credit Rating Co from 1994 to 1999, where she was responsible for rating securities including residential mortgage-backed securities and asset-backed securities. Previously, Ms. Russell-Dowe has been a Co-Head of the Investor Committee of the American Securitization Forum (ASF) Qualifications: MBA in Finance (Valedictorian) from Columbia Graduate School of Business; BA in economics from Princeton University.
Anthony Breaks
Start Date
Tenure
Tenure Rank
Feb 28, 2019
3.25
3.3%
Anthony Breaks,Portfolio Manager on Schroders Securitized Credit Team. Mr. Breaks joined Schroders in 2016. Mr. Breaks is a Portfolio Manager on the Securitized Products Investments team. Mr. Breaks is maintains responsibility for portfolio management with a focus on high grade strategies. As well, Mr. breaks focusses on security evaluation of RMBS and esoteric ABS and CLO assets.. Mr. Breaks has experience in managing securitized product vehicles, such as SIV, ABCP, CDOs, CLOs and TRUPPS as well as insurance company asset management experience. Mr. Breaks earned a Bachelor of Science degree in Electrical Engineering from the Massachusetts Institute of Technology. He holds the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.07 | 28.77 | 6.06 | 2.41 |