HCBSX Performance — The Intermediate Term Municipal Bond II Portfolio, HC Strategic Shares
Data updated: 2023-07-05
HCBSX returned −3.85% over one year to Mar 2023. The annualised 3-year return is −2.16%. The fund trailed its Intermediate Municipal Bond category average: $100 invested three years ago grew to $94, against $100 for the category, and to $96 over one year, against $99. Volatility over the past three years was 6.02% a year. In the 12 months to Mar 2023 the fund took in a net $156.5M, and assets reached $73.89M.
HCBSX Growth of $100
What $100 invested in The Intermediate Term Municipal Bond II Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Municipal Bond category average over the same months.
| Period | HCBSX | Category average |
|---|---|---|
| 1 year (Apr 2022 – Mar 2023) | $96 | $99 |
| 3 years (Apr 2020 – Mar 2023) | $94 | $100 |
| Since data start (Jul 2019 – Mar 2023) | $95 | $101 |
HCBSX Trailing Returns
Total returns to Mar 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | −3.85% |
| 3 years (annualised) | −2.16% |
HCBSX Annual Returns
Calendar-year total returns of The Intermediate Term Municipal Bond II Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Mar) | +1.66% |
| 2022 | −12.24% |
| 2021 | +1.96% |
| 2020 | +3.54% |
| 2019 (Jul–Dec) | +1.40% |
HCBSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +2.2% | −2.8% | +2.3% | — | — | — | — | — | — | — | — | — |
| 2022 | −3.4% | −0.7% | −3.2% | −2.8% | +1.5% | −1.2% | +2.7% | −2.3% | −4.7% | −0.9% | +2.6% | −0.1% |
| 2021 | +0.3% | −1.1% | +0.7% | +0.8% | +0.7% | +0.4% | +0.8% | −0.2% | −1.0% | −0.3% | +0.7% | +0.3% |
| 2020 | +1.2% | +0.7% | −1.3% | −0.4% | +2.3% | −0.1% | +0.9% | −0.1% | −0.1% | −0.2% | +0.6% | +0.2% |
| 2019 | — | — | — | — | — | — | +0.7% | +0.9% | −0.8% | +0.2% | +0.2% | +0.2% |
HCBSX Risk
Risk measures from monthly returns over Apr 2020 – Mar 2023.
- 3-year volatility (annualised): 6.02%
- 3-year Sharpe ratio: -1.11 (vs 4.5% risk-free rate)
- Best month: +2.72% (Jul 2022)
- Worst month: −4.70% (Sep 2022)
HCBSX Fund Flows
Monthly money in and out of The Intermediate Term Municipal Bond II Portfolio, from SEC Form N-PORT.
- 12-month net flow: $156.5M
- 12-month gross sales (incl. reinvestments): $73.4M
- Sales ÷ redemptions: -0.88×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2023 | $133K | −$1.3M | $1.5M |
| Feb 2023 | $113K | −$247K | $360K |
| Jan 2023 | $81K | −$3.1M | $3.2M |
| Dec 2022 | $276K | −$40.6M | $40.8M |
| Nov 2022 | $58.3M | −$3.6M | $61.9M |
| Oct 2022 | $6.7M | −$1.9M | $8.6M |
| Sep 2022 | $1.2M | −$1.9M | $3.1M |
| Aug 2022 | $1.5M | −$28.6M | $30.0M |
| Jul 2022 | $310K | −$456K | $766K |
| Jun 2022 | $915K | −$549K | $1.5M |
| May 2022 | $1.9M | −$344K | $2.2M |
| Apr 2022 | $1.9M | −$570K | $2.5M |
HCBSX Assets Under Management
Net assets of The Intermediate Term Municipal Bond II Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-03-31 | $73.89M |
| 2022-12-31 | $77.48M |
| 2022-09-30 | $56.30M |
| 2022-06-30 | $86.86M |
| 2022-03-31 | $86.39M |
| 2021-12-31 | $95.10M |
| 2021-09-30 | $90.45M |
| 2021-06-30 | $89.62M |
| 2021-03-31 | $85.41M |
| 2020-12-31 | $83.89M |
| 2020-09-30 | $83.75M |
| 2020-06-30 | $79.88M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.