HCIMX Performance — The Intermediate Term Municipal Bond Portfolio
Data updated: 2026-09-10
HCIMX returned +1.86% year to date and +6.30% over one year to Jun 2026. Annualised returns are +3.85% over 3 years and +1.48% over 5 years. The fund beat its Intermediate Municipal Bond category average: $100 invested three years ago grew to $112, against $111 for the category, and to $106 over one year, against $106. Volatility over the past three years was 4.36% a year. In the 12 months to Jun 2026 the fund took in a net $837K, and assets reached $566.89M.
HCIMX Growth of $100
What $100 invested in The Intermediate Term Municipal Bond 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 | HCIMX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $106 | $106 |
| 3 years (Jul 2023 – Jun 2026) | $112 | $111 |
| 5 years (Jul 2021 – Jun 2026) | $108 | $105 |
| Since data start (Jul 2019 – Jun 2026) | $114 | $112 |
HCIMX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.86% |
| 1 year | +6.30% |
| 3 years (annualised) | +3.85% |
| 5 years (annualised) | +1.48% |
HCIMX Annual Returns
Calendar-year total returns of The Intermediate Term Municipal Bond Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +1.86% |
| 2025 | +5.44% |
| 2024 | +1.28% |
| 2023 | +4.38% |
| 2022 | −5.27% |
| 2021 | +0.62% |
| 2020 | +3.70% |
| 2019 (Jul–Dec) | +1.65% |
HCIMX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.1% | +1.1% | −2.4% | +1.1% | +0.4% | +0.6% | — | — | — | — | — | — |
| 2025 | +0.9% | +0.9% | −1.3% | −0.5% | +0.4% | +0.7% | +0.1% | +0.9% | +2.1% | +0.9% | 0.0% | +0.2% |
| 2024 | −0.1% | 0.0% | +0.1% | −1.0% | −0.5% | +1.5% | +0.8% | +1.1% | +1.1% | −1.5% | +1.3% | −1.3% |
| 2023 | +2.0% | −1.7% | +1.7% | −0.4% | −1.0% | +0.8% | +0.3% | −1.1% | −1.9% | −0.3% | +4.4% | +1.7% |
| 2022 | −2.4% | −0.4% | −2.6% | −1.7% | +1.3% | −0.4% | +1.8% | −1.4% | −2.6% | −0.2% | +2.8% | +0.4% |
| 2021 | +0.4% | −1.0% | +0.2% | +0.6% | +0.2% | +0.1% | +0.6% | −0.1% | −0.5% | −0.4% | +0.5% | 0.0% |
| 2020 | +1.2% | +0.6% | −2.1% | −0.7% | +2.2% | +0.4% | +1.0% | 0.0% | +0.1% | −0.1% | +0.6% | +0.4% |
| 2019 | — | — | — | — | — | — | +1.0% | +0.8% | −0.7% | +0.2% | +0.1% | +0.3% |
HCIMX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 4.36%
- 3-year Sharpe ratio: -0.15 (vs 4.5% risk-free rate)
- Best month: +4.39% (Nov 2023)
- Worst month: −2.39% (Mar 2026)
HCIMX Fund Flows
Monthly money in and out of The Intermediate Term Municipal Bond Portfolio, from SEC Form N-PORT.
- 12-month net flow: $837K
- 12-month gross sales (incl. reinvestments): $75.2M
- Sales ÷ redemptions: 1.01×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $9.1M | $2.1M | $7.0M |
| May 2026 | $2.4M | $3.1M | −$683K |
| Apr 2026 | $3.8M | $13.4M | −$9.6M |
| Mar 2026 | $9.1M | $4.3M | $4.8M |
| Feb 2026 | $7.1M | $2.3M | $4.7M |
| Jan 2026 | $9.4M | $3.7M | $5.6M |
| Dec 2025 | $8.8M | $5.2M | $3.7M |
| Nov 2025 | $1.8M | $4.4M | −$2.6M |
| Oct 2025 | $7.3M | $4.5M | $2.8M |
| Sep 2025 | $5.6M | $9.6M | −$4.0M |
| Aug 2025 | $4.6M | $17.9M | −$13.2M |
| Jul 2025 | $6.1M | $3.9M | $2.2M |
HCIMX Assets Under Management
Net assets of The Intermediate Term Municipal Bond Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $566.89M |
| 2026-03-31 | $563.11M |
| 2025-12-31 | $553.09M |
| 2025-09-30 | $547.65M |
| 2025-06-30 | $550.03M |
| 2025-03-31 | $519.28M |
| 2024-12-31 | $508.10M |
| 2024-09-30 | $512.10M |
| 2024-06-30 | $493.96M |
| 2024-03-31 | $486.00M |
| 2023-12-31 | $486.10M |
| 2023-09-30 | $464.26M |
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.