HCVEX Performance — The Value Equity Portfolio, HC Strategic Shares
Data updated: 2024-05-28
HCVEX returned +30.12% over one year to Mar 2024. The annualised 3-year return is +10.24%. The fund beat its US Large Value category average: $100 invested three years ago grew to $134, against $130 for the category, and to $130 over one year, against $122. Volatility over the past three years was 17.76% a year. In the 12 months to Mar 2024 the fund took in a net $34.6M, and assets reached $756.03M.
HCVEX Growth of $100
What $100 invested in The Value Equity Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | HCVEX | Category average |
|---|---|---|
| 1 year (Apr 2023 – Mar 2024) | $130 | $122 |
| 3 years (Apr 2021 – Mar 2024) | $134 | $130 |
| Since data start (Jul 2019 – Mar 2024) | $187 | $165 |
HCVEX Trailing Returns
Total returns to Mar 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +30.12% |
| 3 years (annualised) | +10.24% |
HCVEX Annual Returns
Calendar-year total returns of The Value Equity Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Mar) | +10.58% |
| 2023 | +25.52% |
| 2022 | −18.82% |
| 2021 | +26.23% |
| 2020 | +19.14% |
| 2019 (Jul–Dec) | +10.05% |
HCVEX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | +1.3% | +5.3% | +3.7% | — | — | — | — | — | — | — | — | — |
| 2023 | +6.4% | −2.5% | +2.9% | +1.6% | +0.4% | +7.0% | +3.6% | −1.6% | −4.9% | −2.2% | +8.8% | +4.6% |
| 2022 | −5.3% | −3.4% | +3.5% | −8.7% | +0.1% | −8.2% | +9.2% | −3.5% | −9.6% | +8.2% | +5.3% | −5.9% |
| 2021 | −0.7% | +2.7% | +4.1% | +5.8% | +0.4% | +2.4% | +2.1% | +3.0% | −4.8% | +6.8% | −1.9% | +4.2% |
| 2020 | +0.5% | −8.1% | −13.4% | +13.2% | +4.8% | +2.3% | +5.3% | +7.1% | −3.4% | −2.3% | +10.5% | +4.3% |
| 2019 | — | — | — | — | — | — | +1.8% | −2.4% | +1.7% | +2.2% | +3.8% | +2.7% |
HCVEX Risk
Risk measures from monthly returns over Apr 2021 – Mar 2024.
- 3-year volatility (annualised): 17.76%
- 3-year Sharpe ratio: 0.32 (vs 4.5% risk-free rate)
- Best month: +9.22% (Jul 2022)
- Worst month: −9.58% (Sep 2022)
HCVEX Fund Flows
Monthly money in and out of The Value Equity Portfolio, from SEC Form N-PORT.
- 12-month net flow: $34.6M
- 12-month gross sales (incl. reinvestments): $39.5M
- Sales ÷ redemptions: 8.09×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Mar 2024 | $4.5M | $6.4M | −$1.9M |
| Feb 2024 | $2.6M | $7.6M | −$5.0M |
| Jan 2024 | $12.7M | $22.6M | −$10.0M |
| Dec 2023 | $5.0M | −$5.1M | $10.2M |
| Nov 2023 | $1.8M | −$3.7M | $5.5M |
| Oct 2023 | $1.4M | −$2.7M | $4.1M |
| Sep 2023 | $4.0M | −$4.6M | $8.6M |
| Aug 2023 | $3.1M | −$7.2M | $10.3M |
| Jul 2023 | $416K | −$910K | $1.3M |
| Jun 2023 | $3.6M | −$4.1M | $7.7M |
| May 2023 | $297K | −$3.0M | $3.3M |
| Apr 2023 | $2K | −$383K | $385K |
HCVEX Assets Under Management
Net assets of The Value Equity Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-03-31 | $756.03M |
| 2023-12-31 | $701.67M |
| 2023-09-30 | $638.56M |
| 2023-06-30 | $665.81M |
| 2023-03-31 | $615.62M |
| 2022-12-31 | $582.03M |
| 2022-09-30 | $551.46M |
| 2022-06-30 | $584.56M |
| 2022-03-31 | $705.07M |
| 2021-12-31 | $748.58M |
| 2021-09-30 | $695.78M |
| 2021-06-30 | $697.64M |
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.