4 / 5 Stars
3 2 4 3 2
Zacks Investment Research
Standard & Poor's
4 / 5 Stars
U.S. News evaluated 330 Large Value Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
Note: Profile written for different share class.
The fund has returned 26.18 percent over the past year, 15.51 percent over the past three years, 17.79 percent over the past five years, and 9.04 percent over the past decade.
|Trailing Returns||Updated 06.30.2014|
|Year to date||6.4%|
|3 Years (Annualized)||15.5%|
|5 Years (Annualized)||17.8%|
|10 Years (Annualized)||9.0%|
The sun is beginning to rise for investors in Hancock Horizon Value.
As of July 03, 2014, the fund has assets totaling almost $204.47 million invested in 68 different holdings. Its portfolio consists of shares of small and midsized companies.
When the market rebounded in 2009, this fund largely sat on the sidelines. Its return of just over 12 percent that year was more than 14 percentage points worse than that of the broader market. Since then, however, management has mounted a respectable comeback. UnitedHealth Group and Limited Brands have been strong contributors to performance this year. Indeed, as of early July, each of the fund's top five companies had returned at least 20 percent year-to-date. Getting support from a variety of different holdings is crucial to this fund's strategy, which de-emphasizes large bets on individual companies. As of the end of May, for instance, its top 10 holdings combined to make up less than 20 percent of its assets. Lately, management has been focusing on financial services companies, whose stake in the fund's portfolio is at a three-year high. The fund has returned 26.18 percent over the past year and 15.51 percent over the past three years.
Compared with many of its large value peers, this fund invests heavily in mid-cap companies. As of the end of May, they accounted for upwards of 26 percent of its stock holdings. Meanwhile, its average market cap is roughly a third as big as that of the S&P 500. Over time, the fund has been a strong performer. The fund has returned 17.79 percent over the past five years and 9.04 percent over the past decade.
According to the fund's prospectus: "The Fund invests in 'undervalued' companies with medium to large capitalizations (in excess of $2 billion) that the Adviser believes are of sound financial quality and are actively traded in the market. While capital appreciation is the primary purpose for investing in a company, the Fund will emphasize companies that pay current dividends. The Adviser employs a quantitative method of analysis in its investment decision making. These measurable quantitative factors include relative price to earnings ratio, cash flow, increasing growth measured by a company's profitability, earnings surprise, estimate revision, and book value of a company relative to its stock price."
Role in Portfolio
This fund could lend support to a well-balanced portfolio.
David Lundgren and John Portwood manage the fund.
Hancock Horizon Value Fund has an expense ratio of 0.99 percent.
Like all stock funds, this one comes with some risks.