HCBSX — The Intermediate Term Municipal Bond II Portfolio
Data updated: 2023-07-05
HCBSX — The Intermediate Term Municipal Bond II Portfolio. Intermediate Municipal - National Bond · $73.89M AUM. Holdings, fees, performance and SEC filings.
HCBSX Fund Overview
HCBSX — The Intermediate Term Municipal Bond II Portfolio is a US mutual fund managed by Hc Capital Trust, categorised as Intermediate Municipal - National Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Hc Capital Trust
- Category: Intermediate Municipal - National Bond
- Assets under management: $73.89M
- 1-year return: -3.8%
- Ticker: HCBSX
- SEC CIK: 0000934563
- SEC series ID: S000028077
- Share class ID: C000085451
HCBSX Investment Objective and Strategy
The Intermediate Term Municipal Bond II Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Hc Capital Trust.
Investment objective
The investment objective of The Intermediate Term Municipal Bond II Portfolio is to provide as high a level of current income exempt from Federal income tax, as is consistent with the preservation of capital.
Principal investment strategy
Under normal circumstances, the Portfolio seeks to achieve its objective by investing primarily (i.e., at least 80% of net assets) in municipal bonds. The policy stated in the foregoing sentence is a fundamental policy of the Portfolio and may not be changed without shareholder approval. Municipal bonds are debt securities issued by municipalities and related entities, the interest on which is exempt from Federal income tax, and include general obligation bonds and notes, revenue bonds and notes (including industrial revenue bonds and municipal lease obligations), as well as participation interests relating to such securities and are referred to as Municipal Securities. The Portfolio invests primarily in securities that are rated in one of the top four rating categories of a nationally recognized statistical rating organization (Baa or higher by Moodys, BBB or higher by Standard & Poors) or, if unrated, that are determined by the Specialist Manager to be of comparable quality.
Municipal 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 Barclays 3-15 Year Blend Municipal Bond Index, currently 2 to 10 years. The Portfolio may invest in securities issued by other investment companies, including ETFs and closed-end funds, that invest in Municipal Securities. 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 Portfolios benchmark over time.
HCBSX Performance
Total returns for HCBSX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -3.8% |
| 3 years (annualised) | -2.2% |
HCBSX Risk Information
Risk metrics for HCBSX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.8%
HCBSX Costs and Fees
HCBSX costs about $69 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.69%
- Gross expense ratio: 0.69%
- Portfolio turnover: 22%
- Brokerage commissions: 0.89 bps of average net assets (SEC N-CEN)
HCBSX Cashflows
Over the 12 months to 2023-03, The Intermediate Term Municipal Bond II Portfolio had net inflows of $156.46M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-03 | $1.45M |
| 2023-02 | $359.79K |
| 2023-01 | $3.16M |
| 2022-12 | $40.85M |
| 2022-11 | $61.90M |
| 2022-10 | $8.63M |
HCBSX Debt Constituents
No individual debt constituents are reported in The Intermediate Term Municipal Bond II Portfolio's latest SEC N-PORT filing.
HCBSX Prospectus and SEC Filings
Official The Intermediate Term Municipal Bond II Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus (485BPOS) — filed 2020-10-28
- Prospectus supplement (497) — filed 2021-11-01
- Portfolio holdings (N-PORT) — filed 2023-05-25
- Portfolio holdings (N-PORT) — filed 2023-02-27
- Portfolio holdings (N-PORT) — filed 2022-11-29
- Annual census (N-CEN) — filed 2023-07-05
- Annual census (N-CEN) — filed 2022-09-08
Related Funds
Other Intermediate Municipal - National Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.