HCM Dynamic Income A (HCMBX)
| Fund Assets | 121.91M |
| Expense Ratio | 2.22% |
| Min. Investment | $50,000 |
| Turnover | 179.00% |
| Dividend (ttm) | 0.21 |
| Dividend Yield | 1.96% |
| Dividend Growth | -17.04% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 19, 2024 |
| Previous Close | 10.25 |
| YTD Return | 3.96% |
| 1-Year Return | 7.18% |
| 5-Year Return | n/a |
| 52-Week Low | 9.23 |
| 52-Week High | 10.47 |
| Beta (5Y) | n/a |
| Holdings | 5 |
| Inception Date | n/a |
About HCMBX
HCM Dynamic Income Fund Class A Shares is a nontraditional bond mutual fund designed to seek total return through a highly flexible and dynamic approach to fixed income investing. Managed since its inception in June 2022, the fund utilizes both long and short positions across various fixed income securities, including Treasury bills, notes, structured notes, corporate and convertible bonds, as well as exchange-traded funds and other investment companies. The fund’s investment strategy is guided by a proprietary trend-based model called the HCM BuyLine®, which aims to identify favorable and unfavorable market trends and dynamically adjust exposure to fixed income assets accordingly. This approach allows the fund to actively manage risk and pursue returns by moving into cash, hedging with options, or allocating to equity index futures during periods of market stress. HCM Dynamic Income Fund Class A Shares is notable for its broad sector reach, including high yield and emerging market bonds, as well as convertible securities, making it relevant for investors seeking diversification beyond traditional bond portfolios. It plays a significant role in the market by offering the potential for income and risk management in changing interest rate and credit environments.
Performance
HCMBX had a total return of 7.18% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.41%.
Top 10 Holdings
99.98% of assets| Name | Symbol | Weight |
|---|---|---|
| HCM BBH SWEEP - BBH SWEEP VEHICLE | n/a | 25.95% |
| SPDR Bloomberg Convertible Securities ETF | CWB | 22.05% |
| iShares Convertible Bond ETF | ICVT | 22.04% |
| iShares iBoxx $ High Yield Corporate Bond ETF | HYG | 20.12% |
| iShares JP Morgan USD Emerging Markets Bond ETF | EMB | 9.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 19, 2024 | $0.2127 | Dec 20, 2024 |
| Dec 19, 2023 | $0.2564 | Dec 20, 2023 |
| Dec 20, 2022 | $0.0445 | Dec 21, 2022 |