HCXSX Performance — The U.S. Corporate Fixed Income Securities Portfolio
Data updated: 2026-02-27
HCXSX returned +8.14% over one year to Dec 2025. Annualised returns are +6.24% over 3 years and +0.70% over 5 years. Against its Intermediate Corporate Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $120, against $121 for the category, and to $108 over one year, against $108. Volatility over the past three years was 6.35% a year. In the 12 months to Dec 2025 the fund took in a net $38.2M, and assets reached $314.29M.
HCXSX Growth of $100
What $100 invested in The U.S. Corporate Fixed Income Securities Portfolio grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Intermediate Corporate Bond category average over the same months.
| Period | HCXSX | Category average |
|---|---|---|
| 1 year (Jan 2025 – Dec 2025) | $108 | $108 |
| 3 years (Jan 2023 – Dec 2025) | $120 | $121 |
| 5 years (Jan 2021 – Dec 2025) | $104 | $105 |
| Since data start (Jul 2019 – Dec 2025) | $119 | $117 |
HCXSX Trailing Returns
Total returns to Dec 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +8.14% |
| 3 years (annualised) | +6.24% |
| 5 years (annualised) | +0.70% |
HCXSX Annual Returns
Calendar-year total returns of The U.S. Corporate Fixed Income Securities Portfolio, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 | +8.14% |
| 2024 | +2.74% |
| 2023 | +7.92% |
| 2022 | −12.89% |
| 2021 | −0.85% |
| 2020 | +10.24% |
| 2019 (Jul–Dec) | +4.02% |
HCXSX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.6% | +2.1% | −0.2% | +0.3% | 0.0% | +1.8% | +0.2% | +1.1% | +1.3% | +0.4% | +0.6% | −0.1% |
| 2024 | +0.2% | −1.4% | +1.0% | −2.2% | +1.8% | +0.6% | +2.5% | +1.5% | +1.7% | −2.4% | +1.2% | −1.7% |
| 2023 | +3.7% | −3.0% | +2.8% | +0.6% | −1.1% | +0.2% | +0.3% | −0.6% | −2.2% | −1.8% | +5.4% | +3.7% |
| 2022 | −2.7% | −1.6% | −2.1% | −4.6% | +0.8% | −2.4% | +2.9% | −2.4% | −4.6% | −0.7% | +4.6% | −0.4% |
| 2021 | −1.0% | −1.5% | −1.7% | +1.2% | +0.6% | +1.7% | +1.2% | −0.2% | −0.9% | −0.1% | +0.1% | −0.1% |
| 2020 | +2.5% | +1.4% | −6.3% | +4.9% | +1.6% | +1.9% | +3.0% | −1.6% | −0.1% | −0.2% | +2.8% | +0.3% |
| 2019 | — | — | — | — | — | — | +0.6% | +3.3% | −0.8% | +0.5% | +0.1% | +0.2% |
HCXSX Risk
Risk measures from monthly returns over Jan 2023 – Dec 2025.
- 3-year volatility (annualised): 6.35%
- 3-year Sharpe ratio: 0.27 (vs 4.5% risk-free rate)
- Best month: +5.37% (Nov 2023)
- Worst month: −3.00% (Feb 2023)
HCXSX Fund Flows
Monthly money in and out of The U.S. Corporate Fixed Income Securities Portfolio, from SEC Form N-PORT.
- 12-month net flow: $38.2M
- 12-month gross sales (incl. reinvestments): $66.0M
- Sales ÷ redemptions: 2.38×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Dec 2025 | $3.2M | $1.7M | $1.5M |
| Nov 2025 | $2.1M | $1.0M | $1.0M |
| Oct 2025 | $6.9M | $98K | $6.8M |
| Sep 2025 | $7.6M | $3.2M | $4.5M |
| Aug 2025 | $4.3M | $847K | $3.5M |
| Jul 2025 | $9.3M | $2.9M | $6.4M |
| Jun 2025 | $1.9M | $1.2M | $657K |
| May 2025 | $6.3M | $837K | $5.4M |
| Apr 2025 | $4.2M | $1.3M | $2.9M |
| Mar 2025 | $3.8M | $14.0M | −$10.2M |
| Feb 2025 | $5.3M | $250K | $5.1M |
| Jan 2025 | $11.1M | $345K | $10.7M |
HCXSX Assets Under Management
Net assets of The U.S. Corporate Fixed Income Securities Portfolio by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-12-31 | $314.29M |
| 2025-09-30 | $306.31M |
| 2025-06-30 | $288.10M |
| 2025-03-31 | $276.52M |
| 2024-12-31 | $266.79M |
| 2024-09-30 | $275.49M |
| 2024-06-30 | $278.37M |
| 2024-03-31 | $279.28M |
| 2023-12-31 | $269.59M |
| 2023-09-30 | $246.76M |
| 2023-06-30 | $265.38M |
| 2023-03-31 | $272.18M |
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.