HCMAX — Hillman Value Fund
Data updated: 2026-05-29
HCMAX — Hillman Value Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. United States Multi-Cap / All-Cap Value Equity · $83.04M AUM · 0.95% expense ratio · 8.6% 1-yr return. From SEC regulatory filings.
HCMAX Fund Overview
HCMAX — Hillman Value Fund is a US mutual fund managed by ALPS Series Trust, categorised as United States Multi-Cap / All-Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: ALPS Series Trust
- Category: United States Multi-Cap / All-Cap Value Equity
- Assets under management: $83.04M
- 1-year return: 8.6%
- Ticker: HCMAX
- SEC CIK: 0001558107
- SEC series ID: S000070920
- Share class ID: C000225205
HCMAX Holdings
Top 10 holdings of Hillman Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Verizon Communications Inc | 3.45% |
| Bristol-myers Squibb Co | 3.39% |
| Pfizer Inc | 3.13% |
| Biogen Inc | 3.11% |
| International Flavors & Fragrances Inc | 3.08% |
| Constellation Brands Inc | 2.96% |
| Warner Bros Discovery Inc | 2.90% |
| Comcast Corp | 2.87% |
| Us Bancorp | 2.85% |
| Dupont De Nemours Inc | 2.83% |
HCMAX Portfolio Allocation
Asset-class allocation of Hillman Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.0% |
| Cash & Equivalents | 4.0% |
HCMAX Performance
Total returns for HCMAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | -1.4% |
| 1 year | 8.6% |
| 3 years (annualised) | 9.2% |
| 5 years (annualised) | 6.5% |
HCMAX Risk Information
Risk metrics for HCMAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 12.1%
HCMAX Costs and Fees
HCMAX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.03%
- Portfolio turnover: 42%
- Brokerage commissions: 3.17 bps of average net assets (SEC N-CEN)
HCMAX Cashflows
Over the 12 months to 2026-03, Hillman Value Fund had net outflows of $54.73M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | −$1.34M |
| 2026-02 | −$2.86M |
| 2026-01 | −$5.31M |
| 2025-12 | $7.45M |
| 2025-11 | −$6.08M |
| 2025-10 | −$2.36M |
HCMAX Debt Constituents
No individual debt constituents are reported in Hillman Value Fund's latest SEC N-PORT filing.
HCMAX Prospectus and SEC Filings
Official Hillman Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other United States Multi-Cap / All-Cap Value Equity 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.