HCMSX Performance — HCM Tactical Plus Fund, Class R
Data updated: 2026-09-11
HCMSX returned +10.86% year to date and +29.10% over one year to Jun 2026. Annualised returns are +22.25% over 3 years and +10.76% over 5 years. The fund trailed its Technology Equity category average: $100 invested three years ago grew to $183, against $225 for the category, and to $129 over one year, against $146. Volatility over the past three years was 20.76% a year. In the 12 months to Jun 2026 the fund lost a net $24.3M, and assets reached $2.21B.
HCMSX Growth of $100
What $100 invested in HCM Tactical Plus Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Technology Equity category average over the same months.
| Period | HCMSX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $129 | $146 |
| 3 years (Jul 2023 – Jun 2026) | $183 | $225 |
| 5 years (Jul 2021 – Jun 2026) | $167 | $201 |
| Since data start (Jan 2020 – Jun 2026) | $305 | $342 |
HCMSX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.86% |
| 1 year | +29.10% |
| 3 years (annualised) | +22.25% |
| 5 years (annualised) | +10.76% |
HCMSX Annual Returns
Calendar-year total returns of HCM Tactical Plus Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +10.86% |
| 2025 | +17.45% |
| 2024 | +33.82% |
| 2023 | +33.09% |
| 2022 | −38.54% |
| 2021 | +39.68% |
| 2020 | +53.25% |
HCMSX 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 | +0.8% | −4.4% | −6.8% | +11.3% | +12.2% | −1.2% | — | — | — | — | — | — |
| 2025 | −2.6% | −5.4% | −8.5% | +0.7% | +8.5% | +9.5% | +4.0% | +1.3% | +7.8% | +6.7% | −2.7% | −1.2% |
| 2024 | +0.4% | +7.7% | +1.5% | −6.4% | +9.5% | +9.0% | −0.1% | −4.1% | +6.6% | −2.0% | +8.7% | +0.1% |
| 2023 | +5.3% | −2.3% | +4.2% | +1.3% | +7.0% | +9.3% | +4.9% | −2.7% | −8.1% | −3.3% | +6.7% | +8.3% |
| 2022 | −13.7% | −3.8% | +1.9% | −12.8% | −1.5% | −8.0% | +6.9% | −5.9% | −6.3% | +1.6% | +2.6% | −6.4% |
| 2021 | −0.7% | +1.8% | +3.6% | +8.4% | −1.8% | +7.3% | +3.6% | +5.1% | −7.3% | +10.2% | +2.8% | +2.4% |
| 2020 | +2.1% | −6.8% | −8.2% | +9.9% | +8.6% | +6.2% | +10.1% | +14.8% | −7.7% | −4.5% | +16.7% | +6.5% |
HCMSX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 20.76%
- 3-year Sharpe ratio: 0.86 (vs 4.5% risk-free rate)
- Best month: +12.18% (May 2026)
- Worst month: −8.49% (Mar 2025)
HCMSX Fund Flows
Monthly money in and out of HCM Tactical Plus Fund, from SEC Form N-PORT.
- 12-month net flow: −$24.3M
- 12-month gross sales (incl. reinvestments): $459.1M
- Sales ÷ redemptions: 0.95×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $39.9M | $49.8M | −$9.9M |
| May 2026 | $23.3M | $31.7M | −$8.3M |
| Apr 2026 | $43.9M | $29.4M | $14.5M |
| Mar 2026 | $41.3M | $39.6M | $1.7M |
| Feb 2026 | $39.4M | $36.9M | $2.6M |
| Jan 2026 | $43.9M | $50.6M | −$6.7M |
| Dec 2025 | $88.7M | $68.9M | $19.8M |
| Nov 2025 | $27.2M | $35.8M | −$8.6M |
| Oct 2025 | $32.3M | $34.7M | −$2.4M |
| Sep 2025 | $28.2M | $32.1M | −$3.9M |
| Aug 2025 | $24.7M | $35.3M | −$10.6M |
| Jul 2025 | $26.3M | $38.8M | −$12.5M |
HCMSX Assets Under Management
Net assets of HCM Tactical Plus Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $2.21B |
| 2026-03-31 | $1.79B |
| 2025-12-31 | $2.00B |
| 2025-09-30 | $2.00B |
| 2025-06-30 | $1.79B |
| 2025-03-31 | $1.51B |
| 2024-12-31 | $1.75B |
| 2024-09-30 | $1.64B |
| 2024-06-30 | $1.62B |
| 2024-03-31 | $1.45B |
| 2023-12-31 | $1.33B |
| 2023-09-30 | $1.20B |
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.