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Name

As of 10/11/2024

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

Segall Bryant & Hamill Colorado Tax Free Fund

WICOX | Fund

$10.56

$355 M

3.48%

$0.37

0.55%

Vitals

YTD Return

2.6%

1 yr return

8.6%

3 Yr Avg Return

-0.9%

5 Yr Avg Return

0.8%

Net Assets

$355 M

Holdings in Top 10

28.3%

52 WEEK LOW AND HIGH

$10.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.55%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 15.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$250,000

IRA

$250,000

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/11/2024

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

Segall Bryant & Hamill Colorado Tax Free Fund

WICOX | Fund

$10.56

$355 M

3.48%

$0.37

0.55%

WICOX - Profile

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return -0.9%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.54%
DIVIDENDS
  • Dividend Yield 3.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Segall Bryant & Hamill Colorado Tax Free Fund
  • Fund Family Name
    Segall Bryant & Hamill Funds
  • Inception Date
    May 02, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Kenneth Harris

Fund Description

● The Fund focuses primarily on investment-grade quality municipal bonds that are rated in one of the three highest investment-grade categories at the time of purchase by one or more nationally recognized rating agencies such as Moody’s or Standard & Poor’s (“Rating Agencies”).
● Under normal circumstances, the Fund will invest at least eighty percent (80%) of the value of its net assets, plus any borrowings for investment purposes, in securities, the income from which is exempt from both federal and Colorado state income tax.
● Under normal circumstances, a minimum of 80% of the portfolio will be rated investment-grade at the time of purchase.
● The Fund may invest up to twenty percent (20%) of its total assets in municipal bonds rated below investment grade.
● The Fund may invest in unrated bonds. The portfolio management team determines the comparable quality of such instruments to determine if they meet the Fund’s rating requirements.
● The team researches the financial condition of various counties, public projects, school districts, and taxing authorities to seek to fully understand the issuer’s ability to generate revenues or levy taxes in order to meet its obligations.
● Given the Fund’s tax-exempt focus, the team also strives to maintain a low portfolio turnover in an effort to minimize the Fund’s capital gain distributions.
● In addition, the team generally avoids investing in municipal bonds that are subject to the alternative minimum tax but may do so if they believe they provide sufficient relative value.
● The team seeks to purchase securities from many areas of Colorado to reduce the economic risk to the portfolio from any particular local economy within the state.
● SBH also utilizes an “integrated” approach to a company’s environmental, social, and corporate governance (“ESG”) practices within its investment process alongside other non-ESG factors. SBH believes ESG factors may be important drivers of value in conjunction with the underlying strength and potential of an issuer, however its consideration of these factors would not necessarily result in an issuer being included or excluded from the evaluation process but rather would contribute to the overall evaluation of that issuer.
● Securities may be sold when conditions have changed and the security’s prospects are no longer attractive, the security has achieved the team’s valuation target or better relative investment opportunities have been identified. However, an important consideration in all sell decisions is whether the sale would generate a possible realized capital gain.
Read More

WICOX - Performance

Return Ranking - Trailing

Period WICOX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -3.0% 26.3% 47.27%
1 Yr 8.6% 1.7% 37.9% 58.66%
3 Yr -0.9%* -10.2% 3.3% 77.37%
5 Yr 0.8%* -6.8% 1104.6% 52.94%
10 Yr N/A* -1.0% 248.8% 38.98%

* Annualized

Return Ranking - Calendar

Period WICOX Return Category Return Low Category Return High Rank in Category (%)
2023 1.7% -1.4% 41.0% 81.17%
2022 -13.1% -39.7% 0.3% 73.53%
2021 -0.3% -5.6% 6.9% 43.76%
2020 2.3% -2.6% 310.0% 22.50%
2019 3.5% 0.0% 26.0% 61.46%

Total Return Ranking - Trailing

Period WICOX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.6% -3.0% 26.3% 47.27%
1 Yr 8.6% 1.7% 37.9% 58.66%
3 Yr -0.9%* -10.2% 3.3% 77.37%
5 Yr 0.8%* -6.8% 1104.6% 52.94%
10 Yr N/A* -1.0% 248.8% 37.20%

* Annualized

Total Return Ranking - Calendar

Period WICOX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -1.3% 41.0% 63.42%
2022 -10.5% -39.7% 1.1% 68.31%
2021 2.0% -4.8% 23761504.0% 39.54%
2020 5.3% -1.5% 17057.9% 11.74%
2019 6.8% 0.2% 3514.6% 42.97%

NAV & Total Return History

WICOX - Holdings

Concentration Analysis

WICOX Category Low Category High WICOX % Rank
Net Assets 355 M 3.22 M 71.9 B 56.63%
Number of Holdings 158 4 13418 71.37%
Net Assets in Top 10 94.7 M -317 M 3.45 B 46.34%
Weighting of Top 10 28.26% 1.9% 100.1% 13.86%

Top 10 Holdings

  1. Colorado Housing and Finance Authority 6%, Due 5/1/2053 4.78%
  2. Rampart Range Colorado Met District 5.0%, Due 12/01/2047 3.29%
  3. COLORADO HEALTH FACS AUTH REV VAR Due 5/15/2062 2.99%
  4. UNIVERSITY COLO HOSP VAR Due 11/15/2049 2.99%
  5. Berthoud Colorado Cops 4.0%, Due 12/01/2049 2.57%
  6. COLORADO HSG FIN AUTH SINGLE FAMILY MTG 5.75%, Due 11/1/2053 2.50%
  7. City of Colorado Springs CO Utilities 1.25% due 11/01/2037 2.39%
  8. DENVER COLO CITY CNTY ARPT VAR Due 11/15/2031 2.33%
  9. COLORADO SCH MINES INSTL ENTERPRISE REV 5.25%, Due 12/1/2052 2.23%
  10. DENVER COLO CITY CNTY ARPT 5.25%, Due 11/15/2053 2.21%

Asset Allocation

Weighting Return Low Return High WICOX % Rank
Bonds 		87.39% 0.00% 150.86% 97.27%
Cash 		12.61% -50.86% 43.45% 1.40%
Stocks 		0.00% 0.00% 99.89% 94.48%
Preferred Stocks 		0.00% 0.00% 0.08% 93.74%
Other 		0.00% -3.72% 51.88% 86.09%
Convertible Bonds 		0.00% 0.00% 0.93% 93.72%

Bond Sector Breakdown

Weighting Return Low Return High WICOX % Rank
Municipal 		94.29% 44.39% 100.00% 84.76%
Derivative 		0.00% -3.72% 51.88% 85.29%
Cash & Equivalents 		0.00% 0.00% 43.45% 97.27%
Securitized 		0.00% 0.00% 5.93% 93.72%
Corporate 		0.00% 0.00% 9.41% 93.85%
Government 		0.00% 0.00% 52.02% 94.05%

Bond Geographic Breakdown

Weighting Return Low Return High WICOX % Rank
US 		87.39% 0.00% 142.23% 97.07%
Non US 		0.00% 0.00% 23.89% 95.61%

WICOX - Expenses

Operational Fees

WICOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.55% 0.01% 8.02% 77.22%
Management Fee 0.35% 0.00% 1.20% 29.94%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.01% 0.01% 0.44% 1.24%

Sales Fees

WICOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

WICOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

WICOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 15.00% 0.00% 283.00% 42.67%

WICOX - Distributions

Dividend Yield Analysis

WICOX Category Low Category High WICOX % Rank
Dividend Yield 3.48% 0.00% 14.51% 16.30%

Dividend Distribution Analysis

WICOX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

WICOX Category Low Category High WICOX % Rank
Net Income Ratio 1.54% -0.53% 5.33% 70.28%

Capital Gain Distribution Analysis

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

Distributions History

View More +

WICOX - Fund Manager Analysis

Managers

Kenneth Harris

Start Date

Tenure

Tenure Rank

Jun 01, 2005

17.01

17.0%

Kenneth A. Harris is a senior portfolio manager and principal at Segall Bryant & Hamill, LLC. Mr. Harris joined the firm in 2018 as part of Segall Bryant & Hamill’s acquisition of Denver Investments. During his tenure with Denver Investments, he served as the director of Fixed Income and as a portfolio manager on the Fixed Income team. Prior to joining Denver Investments in 2000, Mr. Harris was the treasurer of Blue Cross and Blue Shield of Colorado. Mr. Harris received a BBA from the University of Arizona and an MBA from the University of Colorado at Denver. He has earned the Chartered Financial Analyst (CFA) designation and is a member of CFA Institute and CFA Society Colorado.

Nicholas Foley

Start Date

Tenure

Tenure Rank

May 10, 2016

6.06

6.1%

Nicholas J. Foley is a senior portfolio manager at Segall Bryant & Hamill, LLC. Mr. Foley joined the firm in 2018 as part of Segall Bryant & Hamill’s acquisition of Denver Investments. During his tenure with Denver Investments, he served as a portfolio manager and municipal credit analyst and trader on the Fixed Income team. Prior to joining Denver Investments in 2012, Mr. Foley was an associate portfolio manager and lead fixed income trader at the Bank of the West/BNP Paribas Group and a financial analyst with Janus Capital Group. Prior to that, he was a senior analyst at Washington Mutual Bank. Mr. Foley earned his B.A. from Gonzaga University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 35.05 7.35 1.58

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