About HCMFX
The HCM Dynamic Income Fund Investor Class is a nontraditional bond mutual fund designed to pursue total return through a dynamic approach to fixed income investing. Its primary objective is to capitalize on trends in the fixed income market by employing both long and short positions in a diverse array of fixed income securities, including U.S. Treasury bills, notes, structured notes, corporate bonds, convertible bonds, and emerging market debt. The fund also gains exposure through other investment vehicles such as mutual funds, exchange-traded funds, and inverse ETFs, allowing for tactical flexibility and risk management.
A distinguishing feature of the fund is its proprietary HCM BuyLine® methodology, which utilizes trend analysis to adjust fixed income exposure. In periods of positive market trends, the fund increases its holdings in fixed income assets, while during negative trends, it may shift into hedging strategies, equity index futures, or cash equivalents to mitigate volatility and preserve capital. As of the latest reporting, the portfolio is concentrated in convertible bond ETFs, high-yield bond ETFs, and emerging markets bond ETFs, highlighting its diversified sector exposure.
The HCM Dynamic Income Fund Investor Class plays a strategic role for investors seeking flexible, active management in the fixed income space, aiming to provide attractive risk-adjusted returns regardless of the broader bond market environment.
Fund Family Howard Capital Management
Category Nontraditional Bond
Performance Rating Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol HCMFX
Share Class Investor Class Shares
HCMFX had a total return of 6.93% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.71%.
