SURFX: Hawaii Municipal Inv

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SURFX Hawaii Municipal Inv


Profile

SURFX - Profile

Vitals

  • YTD Return 0.8%
  • 3 Yr Annualized Return 0.9%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $165 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$11.31
$10.92
$11.33

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.98%

SALES FEES

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

BROKERAGE FEES

  • Turnover 23.83%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $10,000
  • IRA N/A

Fund Classification

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

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.33%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Hawaii Municipal Fund Class Investor
  • Fund Family Name
    LeeHawaii
  • Inception Date
    Nov 23, 1988
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Terrence Lee

Fund Description

The fund will invest at least 80% of its net assets, including borrowings for investment purposes, in a portfolio of primarily investment grade municipal securities issued by or on behalf of the State of Hawaii or any of its political subdivisions or agencies that pay interest that is exempt from regular federal and State of Hawaii income tax. More than 25% of the fund's assets may be invested in a particular segment of the municipal securities market. The fund is non-diversified.


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Categories

Performance

SURFX - Performance

Return Ranking - Trailing

Period SURFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% 0.0% 1.7% 65.38%
1 Yr 3.6% 0.1% 11.6% 80.00%
3 Yr 0.9%* -1.0% 7.5% 63.51%
5 Yr -0.1%* -1.2% 5.9% 51.35%
10 Yr 0.5%* -0.6% 6.2% 56.36%

* Annualized

Return Ranking - Calendar

Period SURFX Return Category Return Low Category Return High Rank in Category (%)
2019 2.9% 0.0% 8.0% 73.33%
2018 -2.0% -4.8% 7.4% 41.33%
2017 1.2% -6.5% 3.5% 63.51%
2016 -2.2% -6.4% -1.1% 21.62%
2015 -0.4% -4.7% 0.6% 63.51%

Total Return Ranking - Trailing

Period SURFX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% 0.0% 1.7% 65.38%
1 Yr 3.6% 0.1% 9.8% 77.33%
3 Yr 0.9%* -1.0% 6.8% 68.92%
5 Yr -0.1%* -1.2% 5.1% 52.70%
10 Yr 0.5%* -0.6% 5.7% 56.36%

* Annualized

Total Return Ranking - Calendar

Period SURFX Return Category Return Low Category Return High Rank in Category (%)
2019 2.9% 0.0% 8.5% 73.33%
2018 -2.0% -4.8% 7.3% 41.33%
2017 1.2% -6.5% 3.5% 67.57%
2016 -2.2% -6.4% -1.1% 21.62%
2015 -0.4% -4.7% 0.6% 64.86%

NAV & Total Return History


Holdings

SURFX - Holdings

Concentration Analysis

SURFX Category Low Category High SURFX % Rank
Net Assets 165 M 55.7 M 1.76 B 64.10%
Number of Holdings N/A 49 564 88.41%
Net Assets in Top 10 N/A 9.28 M 336 M 30.43%
Weighting of Top 10 N/A 10.2% 42.5% 2.90%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High SURFX % Rank
Bonds
99.05% 17.56% 139.76% 43.59%
Stocks
0.00% 0.00% 0.00% 82.05%
Preferred Stocks
0.00% 0.00% 0.00% 98.55%
Other
0.00% -7.55% 26.55% 75.36%
Convertible Bonds
0.00% 0.00% 0.00% 98.55%
Cash
0.00% -40.79% 82.44% 44.93%

Expenses

SURFX - Expenses

Operational Fees

SURFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.98% 0.33% 2.75% 58.44%
Management Fee 0.50% 0.30% 0.80% 56.41%
12b-1 Fee 0.15% 0.00% 1.00% 10.20%
Administrative Fee 0.10% 0.10% 0.30% 20.00%

Sales Fees

SURFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 4.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

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

SURFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 23.83% 4.67% 67.00% 75.64%

Distributions

SURFX - Distributions

Dividend Yield Analysis

SURFX Category Low Category High SURFX % Rank
Dividend Yield 0.57% 0.00% 2.10% 33.33%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SURFX Category Low Category High SURFX % Rank
Net Income Ratio 2.33% 1.05% 4.59% 71.43%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SURFX - Fund Manager Analysis

Managers

Terrence Lee


Start Date

Tenure

Tenure Rank

Feb 01, 2015

4.92

4.9%

Terrence K.H. Lee, lead member, portfolio manager, CEO and President of Lee Financial Group Hawaii Inc, which he founded in 1988, and serves as the Chief Investment Officer for the Investment Committee of Lee Financial Group.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.11 29.18 5.85 0.11