HCVEX — The Value Equity Portfolio
Data updated: 2024-05-28
HCVEX — The Value Equity Portfolio. United States Large Cap Value Equity · $756.03M AUM · 0.17% expense ratio. Holdings, fees, performance and SEC filings.
HCVEX Fund Overview
HCVEX — The Value Equity Portfolio is a US mutual fund managed by Hc Capital Trust, categorised as United States Large 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: Hc Capital Trust
- Category: United States Large Cap Value Equity
- Assets under management: $756.03M
- 1-year return: 30.1%
- Ticker: HCVEX
- SEC CIK: 0000934563
- SEC series ID: S000009378
- Share class ID: C000025693
HCVEX Investment Objective and Strategy
The Value Equity 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 Value Equity Portfolio is to provide total return consisting of capital appreciation and current income.
Principal investment strategy
The Portfolio is a diversified investment company that is designed to implement a value-oriented investment approach. A value investor seeks to select securities that trade for less than the intrinsic value of the issuing company, as measured by fundamental investment considerations such as earnings, book value and dividend paying ability. Under normal circumstances, the Portfolio seeks to achieve its objective by investing primarily (i.e., at least 80% of its net assets) in equity securities. In the unlikely event that a change in this investment policy is adopted by the Board of Trustees, shareholders will receive at least 60 days prior written notice before such change is implemented. The Portfolio may invest up to 20% of the total assets of the actively managed portion of the Portfolio in income-producing securities other than common stock, such as bonds, including those that are convertible into common stock.
These income-producing securities may be of any quality or maturity. The Portfolio will focus its investments in equity securities of large and mid-capitalization issuers. As of the date of this Prospectus, companies with a market capitalization of between $2.5 billion and $34.7 billion would likely be included in the mid cap range. Up to 20% of the total assets of the total Portfolio may also be invested in securities issued by non-U.S. companies. The Portfolio may invest in securities issued by other investment companies, including Exchange-Traded Funds (ETFs) that invest in equity securities. The Portfolio may also invest in option or futures contracts in order to gain market exposure pending investment or to hedge against fluctuations in market price of the securities in which the Portfolio invests.
In accordance with applicable interpretations of the SEC, certain derivative instruments may be counted as equity securities for purposes of the Portfolios policies regarding investments in equity securities, to the extent that such derivative instruments have economic characteristics similar to those of equity securities. Additionally, a portion of the Portfolio may be managed using a passive investment approach designed to approximate as closely as practicable, before expenses, the performance of either the Portfolios benchmark index or, from time to time, one or more identifiable subsets or other portions of that index. The Portfolio is authorized to operate on a multi-manager basis. This means that a single Portfolio may be managed by more than one investment subadviser (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.
HCVEX Holdings
Top 10 holdings of The Value Equity Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Microsoft Corporation | 7.00% |
| Apple Inc. | 5.64% |
| NVIDIA Corporation | 5.19% |
| Amazon.com, Inc. | 3.68% |
| Alphabet Inc. | 2.50% |
| Meta Platforms, Inc. | 1.90% |
| Alphabet Inc. | 1.85% |
| Berkshire Hathaway Inc. | 1.33% |
| Mastercard Incorporated. | 1.17% |
| JPMorgan Chase & Co. | 1.16% |
HCVEX Portfolio Allocation
Asset-class allocation of The Value Equity Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 0.6% |
HCVEX Performance
Total returns for HCVEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 30.1% |
| 3 years (annualised) | 10.2% |
HCVEX Risk Information
Risk metrics for HCVEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.8%
HCVEX Costs and Fees
HCVEX costs about $17 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.17%
- Gross expense ratio: 0.17%
- Portfolio turnover: 5%
- Brokerage commissions: 0.22 bps of average net assets (SEC N-CEN)
HCVEX Cashflows
Over the 12 months to 2024-03, The Value Equity Portfolio had net inflows of $34.59M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-03 | −$1.89M |
| 2024-02 | −$4.99M |
| 2024-01 | −$9.96M |
| 2023-12 | $10.18M |
| 2023-11 | $5.50M |
| 2023-10 | $4.12M |
HCVEX Debt Constituents
No individual debt constituents are reported in The Value Equity Portfolio's latest SEC N-PORT filing.
HCVEX Prospectus and SEC Filings
Official The Value Equity Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-10-30
- Prospectus (485BPOS) — filed 2022-10-28
- Prospectus supplement (497) — filed 2021-11-01
- Portfolio holdings (N-PORT) — filed 2024-05-28
- Portfolio holdings (N-PORT) — filed 2024-02-27
- Portfolio holdings (N-PORT) — filed 2023-11-24
- Annual census (N-CEN) — filed 2023-09-13
- Annual census (N-CEN) — filed 2022-09-08
Related Funds
Other United States Large 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.