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The U.S. Corporate Fixed Income Securities Portfolio

mutual fund
HCXSX
Payout Change
Pending
Price as of:
$8.74 +0.02 +0.23%
primary theme
N/A
share class
HCXSX (Mutual Fund)

The U.S. Corporate Fixed Income Securities Portfolio

Payout Change
Pending
Price as of:
$8.74 +0.02 +0.23%
primary theme
N/A
share class
HCXSX (Mutual Fund)

The U.S. Corporate Fixed Income Securities Portfolio

Payout Change
Pending
Price as of:
$8.74 +0.02 +0.23%
primary theme
N/A
share class

Name

As of 05/21/2024

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

$8.74

$270 M

4.71%

$0.41

0.21%

Vitals

YTD Return

-0.3%

1 yr return

5.5%

3 Yr Avg Return

-1.5%

5 Yr Avg Return

1.9%

Net Assets

$270 M

Holdings in Top 10

30.1%

52 WEEK LOW AND HIGH

$8.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.21%

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

Open End Mutual Fund


Name

As of 05/21/2024

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

$8.74

$270 M

4.71%

$0.41

0.21%

HCXSX - Profile

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return -1.5%
  • 5 Yr Annualized Total Return 1.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 4.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    The U.S. Corporate Fixed Income Securities Portfolio
  • Fund Family Name
    N/A
  • Inception Date
    Dec 06, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

Under normal circumstances, the Portfolio seeks to achieve its objective by investing primarily (i.e. at least 80% of net assets) in fixed income securities issued by U.S. corporations. In the unlikely event that a change in this investment policy is adopted by the Board of Trustees, shareholders will receive at least 60 days prior written notice before such change is implemented. In general, the Portfolio invests predominantly in investment grade fixed income securities and will maintain aggregate characteristics similar to the Bloomberg U.S. Corporate Index. Securities held by the Portfolio will primarily be rated investment-grade or better by one of the established rating agencies or, if not rated by an agency, of comparable credit quality as determined by the Specialist Manager at the time of purchase. Additionally, investment-grade securities held by the Portfolio which are downgraded below investment-grade may be retained provided this would not result in the total percentage of below investment grade securities in the Portfolio exceeding a maximum market value of 20% of the Portfolio. Securities purchased for the Portfolio will have varying maturities, but under normal circumstances the Portfolio will have an effective dollar weighted average portfolio maturity that is within the range of the average portfolio maturity in the Bloomberg U.S. Corporate Investment Grade Index, which range, as of June 30, 2023, was between 1 and 99 years. The weighted average maturity of the Bloomberg U.S. Corporate Investment Grade Index as of June 30, 2023 was 10.64 years. The Portfolio may

invest in securities issued by other investment companies, including ETFs, that invest in investment grade fixed income securities issued by U.S. corporations. The Portfolio may also invest up to 20% of its assets in municipal bonds (i.e., debt securities issued by municipalities and related entities).

The Portfolio may invest in fixed income securities of foreign issuers. The Portfolio may engage in transactions involving instruments such as option or futures contracts in order to hedge against investment risks, seek to efficiently obtain or adjust exposure to certain securities or groups of securities, or otherwise to increase returns. The Portfolio may also write (sell) call options and put options, in order to receive premiums, on individual securities, broad-based market indexes, and/or on substitutes for such indexes, which may include futures contracts or ETFs. The Portfolio normally writes covered call and put options which have an initial maturity of up to nine months and that are "out of the money" at the time of initiation such that the call options sold generally will be above the current price level of the index when written and the exercise price of put options sold generally will be below the current price level of the index when written. In accordance with applicable interpretations of the SEC, certain derivative instruments may be counted as equity securities for purposes of the Portfolio's policies regarding investments in equity securities, to the extent that such derivative instruments have economic characteristics similar to those of equity securities.

The Portfolio may be managed using an "active" investment approach and/or a "passive" investment approach designed to approximate as closely as practicable, before expenses, the performance of either the Portfolio's benchmark index or, from time to time, one or more identifiable subsets or other portions of that index. The relative weighting of these two approaches may vary anywhere from 0% to 100% of the Portfolio's assets at any given time.

The Portfolio is authorized to operate on a multi-manager basis. This means that a single Portfolio may be managed by more than one Specialist Manager. The multi-manager structure is generally designed to provide investors access to broadly diversified investment styles. The Trust seeks to engage skilled Specialist Managers to provide a broad exposure to the relevant asset class and returns in excess of the Portfolio's benchmark over time.

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HCXSX - Performance

Return Ranking - Trailing

Period HCXSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% N/A N/A N/A
1 Yr 5.5% N/A N/A N/A
3 Yr -1.5%* N/A N/A N/A
5 Yr 1.9%* N/A N/A N/A
10 Yr 2.5%* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period HCXSX Return Category Return Low Category Return High Rank in Category (%)
2023 3.7% N/A N/A N/A
2022 -15.6% N/A N/A N/A
2021 -7.0% N/A N/A N/A
2020 4.2% N/A N/A N/A
2019 9.9% N/A N/A N/A

Total Return Ranking - Trailing

Period HCXSX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.3% N/A N/A N/A
1 Yr 5.5% N/A N/A N/A
3 Yr -1.5%* N/A N/A N/A
5 Yr 1.9%* N/A N/A N/A
10 Yr 2.5%* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period HCXSX Return Category Return Low Category Return High Rank in Category (%)
2023 8.3% N/A N/A N/A
2022 -12.7% N/A N/A N/A
2021 -0.6% N/A N/A N/A
2020 10.6% N/A N/A N/A
2019 14.0% N/A N/A N/A

NAV & Total Return History


HCXSX - Holdings

Concentration Analysis

HCXSX Category Low Category High HCXSX % Rank
Net Assets 270 M N/A N/A N/A
Number of Holdings 171 N/A N/A N/A
Net Assets in Top 10 81.1 M N/A N/A N/A
Weighting of Top 10 30.08% N/A N/A N/A

Top 10 Holdings

  1. VANGUARD SHORT TERM CORPORATE BOND ETF 14.90%
  2. SS INST TREAS PLUS MM FUN 2.08%
  3. BANK OF AMERICA CORP 1.84%
  4. BANK OF AMERICA CORP 1.82%
  5. JP MORGAN CHASE CO 1.80%
  6. WELLS FARGO COMPANY 1.77%
  7. MORGAN STANLEY 1.77%
  8. MORGAN STANLEY 1.42%
  9. MICROCHIP TECHNOLOGY INC 1.38%
  10. CITIGROUP INC 1.30%

Asset Allocation

Weighting Return Low Return High HCXSX % Rank
Bonds
81.99% N/A N/A N/A
Cash
3.11% N/A N/A N/A
Stocks
0.00% N/A N/A N/A
Preferred Stocks
0.00% N/A N/A N/A
Other
0.00% N/A N/A N/A
Convertible Bonds
0.00% N/A N/A N/A

Bond Sector Breakdown

Weighting Return Low Return High HCXSX % Rank
Cash & Equivalents
2.86% N/A N/A N/A
Derivative
0.00% N/A N/A N/A
Securitized
0.00% N/A N/A N/A
Corporate
0.00% N/A N/A N/A
Municipal
0.00% N/A N/A N/A
Government
0.00% N/A N/A N/A

Bond Geographic Breakdown

Weighting Return Low Return High HCXSX % Rank
US
81.99% N/A N/A N/A
Non US
0.00% N/A N/A N/A

HCXSX - Expenses

Operational Fees

HCXSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.21% N/A N/A N/A
Management Fee 0.09% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

HCXSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

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

HCXSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

HCXSX - Distributions

Dividend Yield Analysis

HCXSX Category Low Category High HCXSX % Rank
Dividend Yield 4.71% N/A N/A N/A

Dividend Distribution Analysis

HCXSX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly

Net Income Ratio Analysis

HCXSX Category Low Category High HCXSX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

HCXSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

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HCXSX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A