Hancock Horizon Quantitative Long/Short Fund
Name
As of 05/24/2019Price
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
$78.6 M
Holdings in Top 10
30.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio N/A
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Exchange Traded Fund
Name
As of 05/24/2019Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HHQCX - 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 N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHancock Horizon Quantitative Long/Short Fund
-
Fund Family NameN/A
-
Inception DateSep 30, 2008
-
Shares OutstandingN/A
-
Share ClassN/A
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJacob Hartl
Fund Description
The Fund seeks long-term capital appreciation by taking long and short positions in equity securities of publicly-traded companies in the United States. Using a quantitative model developed by Horizon Advisers (the “Adviser”) the Fund buys stocks “long” that the Adviser believes are undervalued relative to their peers, and sells stocks “short” that the Adviser believes are overvalued relative to their peers. The Fund primarily buys and sells U.S. publicly traded stocks with market capitalizations of at least $100 million.
The Fund typically maintains a net long exposure of approximately 45-115% and expects that, on average, 0-35% of the Fund’s assets will be sold “short.” With a long position, the Fund purchases a security outright; with a short position, the Fund sells a security that it has borrowed. When the Fund sells a security short, it borrows the security from a third party and sells it at the then current market price. The Fund is then obligated to buy the security on a later date so that it can return the security to the lender. Short positions may be used either to hedge long positions or may be used speculatively to seek positive returns in instances where the Adviser believes a security’s price will decline. The Fund will either realize a profit or incur a loss from a short position, depending on whether the value of the underlying stock decreases or increases, respectively, between the time it is sold and when the Fund replaces the borrowed security. The Fund may reinvest the proceeds of its short sales by taking additional long positions, thus allowing the Fund to maintain long positions in excess of 100% of its net assets.
The Fund may, but is not required to, use derivatives, such as futures, options, forward contracts, and swap agreements, as an alternative to selling a security short, to increase returns, or as part of a hedging strategy. The Fund may also invest in real estate investment trusts (“REITs”).
In its investment decision making process, the Adviser first utilizes various quantitative screens based on valuation, earnings, and momentum factors. The information provided by the quantitative screens is then supplemented by fundamental and technical analysis. The Adviser continually monitors the Fund’s portfolio and may sell or cover a short position of a security when there is a fundamental change in the company’s prospects or better investment opportunities become available. The Fund may buy and sell investments frequently, which could result in a high portfolio turnover rate.
HHQCX - Performance
Return Ranking - Trailing
Period | HHQCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -14.5% | 26.1% | 71.82% |
1 Yr | N/A | -30.5% | 11.0% | 91.16% |
3 Yr | N/A* | -27.5% | 13.3% | 71.27% |
5 Yr | N/A* | -25.4% | 11.8% | 75.00% |
10 Yr | N/A* | -13.0% | 10.5% | 55.10% |
* Annualized
Return Ranking - Calendar
Period | HHQCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -24.8% | 12.7% | 71.27% |
2022 | N/A | -46.3% | 26.8% | 64.09% |
2021 | N/A | -20.0% | 25.3% | 54.24% |
2020 | N/A | -22.2% | 14.0% | 49.43% |
2019 | -14.0% | -24.3% | 60.7% | 48.28% |
Total Return Ranking - Trailing
Period | HHQCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | N/A | -14.5% | 26.1% | 71.82% |
1 Yr | N/A | -30.5% | 11.0% | 67.40% |
3 Yr | N/A* | -9.2% | 13.3% | 56.91% |
5 Yr | N/A* | -9.0% | 15.7% | 49.40% |
10 Yr | N/A* | -7.0% | 12.8% | 34.69% |
* Annualized
Total Return Ranking - Calendar
Period | HHQCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -24.8% | 12.7% | 35.91% |
2022 | N/A | -12.7% | 26.8% | 70.17% |
2021 | N/A | -15.5% | 25.3% | 59.89% |
2020 | N/A | -14.2% | 22.6% | 34.09% |
2019 | -6.5% | -15.0% | 64.3% | 17.24% |
NAV & Total Return History
HHQCX - Holdings
Concentration Analysis
HHQCX | Category Low | Category High | HHQCX % Rank | |
---|---|---|---|---|
Net Assets | 78.6 M | 2.3 M | 8.1 B | 45.30% |
Number of Holdings | 134 | 3 | 2273 | 43.65% |
Net Assets in Top 10 | 23.9 M | -162 M | 2.21 B | 61.33% |
Weighting of Top 10 | 30.43% | 0.0% | 98.8% | 98.34% |
Top 10 Holdings
- Deckers Outdoor Corp 1.14%
- Visa Inc Class A 1.05%
- Progressive Corp 1.03%
- American Express Co 1.02%
- Texas Instruments Inc 0.95%
- AutoZone Inc 0.91%
- Generac Holdings Inc 0.91%
- Cadence Design Systems Inc 0.89%
- Air Products & Chemicals Inc 0.88%
- KLA-Tencor Corp 0.87%
Asset Allocation
Weighting | Return Low | Return High | HHQCX % Rank | |
---|---|---|---|---|
Stocks | 69.77% | -0.11% | 122.42% | 56.35% |
Cash | 30.23% | -16.33% | 100.06% | 32.60% |
Preferred Stocks | 0.00% | -0.64% | 1.92% | 40.33% |
Other | 0.00% | -4.18% | 46.57% | 54.70% |
Convertible Bonds | 0.00% | -0.01% | 1.15% | 45.86% |
Bonds | 0.00% | -9.42% | 92.61% | 55.25% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HHQCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | -3.64% | 12.16% | 56.74% |
Technology | 0.00% | -4.90% | 37.98% | 32.58% |
Real Estate | 0.00% | -8.92% | 50.29% | 60.67% |
Industrials | 0.00% | -9.10% | 21.99% | 50.00% |
Healthcare | 0.00% | -2.86% | 48.92% | 70.79% |
Financial Services | 0.00% | 0.00% | 69.83% | 57.87% |
Energy | 0.00% | -0.08% | 18.75% | 71.35% |
Communication Services | 0.00% | -4.54% | 12.55% | 91.57% |
Consumer Defense | 0.00% | -4.04% | 18.29% | 67.42% |
Consumer Cyclical | 0.00% | -2.74% | 27.34% | 7.30% |
Basic Materials | 0.00% | -2.92% | 16.51% | 35.39% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HHQCX % Rank | |
---|---|---|---|---|
US | 69.77% | -0.11% | 97.99% | 49.17% |
Non US | 0.00% | -0.93% | 93.74% | 77.90% |
HHQCX - Expenses
Operational Fees
HHQCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | N/A | 0.42% | 4.90% | 46.96% |
Management Fee | N/A | 0.25% | 2.25% | 17.68% |
12b-1 Fee | N/A | 0.00% | 1.00% | 71.20% |
Administrative Fee | N/A | 0.01% | 0.55% | 49.22% |
Sales Fees
HHQCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
HHQCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | 60.38% |
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.
HHQCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 5067.00% | 39.78% |
HHQCX - Distributions
Dividend Yield Analysis
HHQCX | Category Low | Category High | HHQCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.12% | 62.98% |
Dividend Distribution Analysis
HHQCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | Quarterly | Annually |
Net Income Ratio Analysis
HHQCX | Category Low | Category High | HHQCX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | -2.95% | 1.42% | 64.09% |
Capital Gain Distribution Analysis
HHQCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
HHQCX - Fund Manager Analysis
Managers
Jacob Hartl
Start Date
Tenure
Tenure Rank
Sep 30, 2008
10.59
10.6%
Jacob Hartl, CFA, serves a portfolio manager for the Adviser, takes part in the research and analysis for the Hancock Horizon Family of Funds and has co-managed the Quantitative Long/ Short Fund since its inception. Prior to joining the Adviser in 2008, Mr. Hartl served as a portfolio manager for SunTrust Bank in their Private Wealth Management Group. In addition to portfolio management responsibilities involving equities, bonds and alternative investments, he was a member of the investment group’s fixed income strategy committee. His experience also includes analytic and asset allocation responsibilities in Morgan Keegan’s Investment Management Consulting Group. Mr. Hartl has been working in the investment industry since 1999.
Paula Chastain
Start Date
Tenure
Tenure Rank
Sep 30, 2008
10.59
10.6%
Paula Chastain serves as a portfolio manager for Horizon Advisers. Ms. Chastain began working for Horizon in 1996 and has been working in the investment industry since 1996.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
2.33 | 14.5 | 7.03 | 2.33 |