Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

HighMark Short Term Bond Fund

HMSAX |

-

$164 M

-

1.22%

Vitals

YTD Return

N/A

1 yr return

-0.1%

3 Yr Avg Return

1.4%

5 Yr Avg Return

2.5%

Net Assets

$164 M

Holdings in Top 10

14.8%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.22%

SALES FEES

Front Load 2.25%

Deferred Load N/A

TRADING FEES

Turnover 45.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

HighMark Short Term Bond Fund

HMSAX |

-

$164 M

-

1.22%

HMSAX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return 2.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.71%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    HighMark Short Term Bond Fund
  • Fund Family Name
    HighMark
  • Inception Date
    Nov 02, 2004
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    E. Jack Montgomery

Fund Description

HMSAX - Performance

Return Ranking - Trailing

Period HMSAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 268.1% N/A
1 Yr -0.1% -64.8% 268.1% N/A
3 Yr 1.4%* -100.0% 115.6% N/A
5 Yr 2.5%* -100.0% 58.6% N/A
10 Yr N/A* -12.1% 26.2% N/A

* Annualized

Return Ranking - Calendar

Period HMSAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -100.0% 73.0% N/A
2022 N/A -76.0% 212.6% N/A
2021 N/A -65.0% 900.0% N/A
2020 N/A -87.3% 336.8% N/A
2019 N/A -60.1% 304.1% N/A

Total Return Ranking - Trailing

Period HMSAX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -50.0% 268.1% N/A
1 Yr -2.4% -64.8% 268.1% N/A
3 Yr 0.6%* -100.0% 115.6% N/A
5 Yr 2.1%* -100.0% 58.6% N/A
10 Yr N/A* -12.1% 26.3% N/A

* Annualized

Total Return Ranking - Calendar

Period HMSAX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -100.0% 76.6% N/A
2022 N/A -30.7% 212.6% N/A
2021 N/A -65.0% 900.0% N/A
2020 N/A -87.3% 341.1% N/A
2019 N/A -60.1% 304.1% N/A

HMSAX - Holdings

Concentration Analysis

HMSAX Category Low Category High HMSAX % Rank
Net Assets 164 M 10 804 B N/A
Number of Holdings 191 1 17333 N/A
Net Assets in Top 10 25.5 M -7.11 B 145 B N/A
Weighting of Top 10 14.78% 0.0% 20474.3% N/A

Top 10 Holdings

  1. Cards Ii Tr 2012-4 FRN 2.03%
  2. Ally Auto Recv Tr 2013-1 0.63% 1.57%
  3. Csfb Coml Mtg Ptc 2004-C2 CMO 1.53%
  4. Abbvie 144A 1.2% 1.51%
  5. Amer Express Credit 2012-4 FRN 1.44%
  6. Bk New York Mtn Bk Ent 1.35% 1.41%
  7. Bb&T Corporation 2.15% 1.38%
  8. General Elec Cap Corp Mtn Be 2.3% 1.32%
  9. Walgreen 1.8% 1.30%
  10. US Treasury Note 1% 1.28%

Asset Allocation

Weighting Return Low Return High HMSAX % Rank
Bonds 		85.70% -955.59% 2458.15% N/A
Cash 		13.93% -2458.20% 7388.76% N/A
Other 		0.36% -7288.76% 493.15% N/A
Stocks 		0.00% -142.98% 259.25% N/A
Preferred Stocks 		0.00% -21.20% 80.89% N/A
Convertible Bonds 		0.00% -0.37% 144.58% N/A

Bond Sector Breakdown

Weighting Return Low Return High HMSAX % Rank
Corporate 		43.48% -46.36% 3345.86% N/A
Securitized 		40.94% -24.16% 264.51% N/A
Cash & Equivalents 		13.93% -2458.20% 7388.76% N/A
Government 		1.28% -3298.93% 2458.15% N/A
Derivative 		0.00% -511.61% 54.22% N/A
Municipal 		0.00% 0.00% 165.37% N/A

Bond Geographic Breakdown

Weighting Return Low Return High HMSAX % Rank
US 		76.22% -955.59% 2458.15% N/A
Non US 		9.48% -153.97% 464.75% N/A

HMSAX - Expenses

Operational Fees

HMSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.22% -2.86% 950.64% N/A
Management Fee 0.40% 0.00% 2.87% N/A
12b-1 Fee 0.25% 0.00% 1.00% N/A
Administrative Fee 0.15% 0.00% 52000.00% N/A

Sales Fees

HMSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 2.25% 0.00% 25.00% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

HMSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% 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.

HMSAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 45.00% 0.00% 5067.00% N/A

HMSAX - Distributions

Dividend Yield Analysis

HMSAX Category Low Category High HMSAX % Rank
Dividend Yield 0.00% 0.00% 84.51% N/A

Dividend Distribution Analysis

HMSAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Annually

Net Income Ratio Analysis

HMSAX Category Low Category High HMSAX % Rank
Net Income Ratio 1.71% -46.00% 10.88% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

HMSAX - Fund Manager Analysis

Managers

E. Jack Montgomery

Start Date

Tenure

Tenure Rank

Nov 02, 2004

8.83

8.8%

Montgomery has been working with HighMark and its predecessors since 1994. He is team leader for the taxable fixed income strategies and has more than twenty years of investment management experience. Formerly, he was the portfolio manager of the San Francisco Employees' Retirement Systems fixed income portfolio. He spent eleven years at First Interstate Bank of Oregon. Montgomery is a member of the San Francisco Society of Financial Analysts and holds the Chartered Financial Analyst designation.

David Wines

Start Date

Tenure

Tenure Rank

Jun 18, 2013

0.2

0.2%

David Wines joined HighMark Capital Management in 2004. He is responsible for overseeing the trading and portfolio management activities for all institutional liquidity management clients. David is also a member of HighMark's Investment Policy Committee and Asset Allocation Committee. He has more than 23 years of fixed income management experience. Prior to joining HighMark, David was director of investment strategies at AssetMark Investment Services. Other positions held include director of Reserve Asset Management Group at Deutsche Asset Management and director of Investment Management Group at Stone & Youngberg. David received a Bachelor of Science degree in Finance from the University of Oregon and a Master's degree in Business Administration with an emphasis in Management from Golden Gate University. In addition, he is a CFA charterholder.

Gregory B. Lugosi

Start Date

Tenure

Tenure Rank

Nov 02, 2004

8.83

8.8%

Mr. Lugosi is a Vice President and Fixed Income Funds Manager for HighMark Capital Management, Inc.; associated with HighMark Capital Management and its predecessors since 1991.

Jeffrey L. Klein

Start Date

Tenure

Tenure Rank

Dec 01, 2010

2.75

2.8%

Jeff joined HSBC Halbis Partners in March 2005 to co-lead the US Fixed Income Team. Jeff is also head of Credit management. Prior to joining HSBC, he was a portfolio manager and shareholder at Dodge & Cox where he served as credit strategist and head of corporate bond trading. He worked at Dodge & Cox from 1992-2004. Jeff earned his BA from Columbia University in 1991. He is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.52 5.37 3.25

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.