HMIIX — Hancock Horizon Microcap Fund

HMIIX Fund Overview

HMIIX — Hancock Horizon Microcap Fund is a US mutual fund managed by Advisors' Inner Circle Fund II, categorised as United States Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Advisors' Inner Circle Fund II
• Category: United States Real Estate
• Assets under management: $14.14M
• 1-year return: 48.9%
• Ticker: HMIIX
• SEC CIK: 0000890540
• SEC series ID: S000049425
• Share class ID: C000156293

HMIIX Investment Objective and Strategy

Hancock Horizon Microcap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund II.

Investment objective

"The Hancock Horizon Microcap Fund (the ""Microcap Fund"" or the ""Fund"") seeks long-term capital appreciation."

Principal investment strategy

"Under normal market conditions, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of U.S. companies with micro capitalizations. The Fund may also invest in real estate investment trusts (""REITs""). This investment policy may be changed by the Fund upon 60 days' prior written notice to shareholders. The securities in which the Fund invests are primarily common stock. The Fund considers micro-capitalization companies to be those with market capitalizations under $750 million at the time of purchase. In selecting securities, the Adviser primarily considers sales and expense trends, market position, historic and expected earnings and dividends. The Adviser continually monitors the Fund's portfolio and may sell a security when there is a fundamental change in the security's prospects or better investment opportunities become available.

The Fund will not automatically sell or cease to purchase stock of a company it already owns just because the company's market capitalization grows above the Fund's micro-capitalization range."

HMIIX Performance

Total returns for HMIIX (as of 2026-10-01), from SEC filings.

HMIIX Risk Information

Risk metrics for HMIIX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 21.6%

HMIIX Costs and Fees

HMIIX costs about $130 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.30%
• Gross expense ratio: 1.54%
• Portfolio turnover: 137%
• Brokerage commissions: 157.69 bps of average net assets (SEC N-CEN)

HMIIX Cashflows

Over the 12 months to 2021-06, Hancock Horizon Microcap Fund had net inflows of $8.84M, from monthly SEC N-PORT filings.

HMIIX Debt Constituents

No individual debt constituents are reported in Hancock Horizon Microcap Fund's latest SEC N-PORT filing.

HMIIX Prospectus and SEC Filings

Official Hancock Horizon Microcap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2021-04-30
• Prospectus (485BPOS) — filed 2020-06-16
• Prospectus (485BPOS) — filed 2019-06-12
• Portfolio holdings (N-PORT) — filed 2021-08-26
• Portfolio holdings (N-PORT) — filed 2021-05-28
• Portfolio holdings (N-PORT) — filed 2021-03-01
• Annual census (N-CEN) — filed 2021-03-15
• Annual census (N-CEN) — filed 2020-04-15

Related Funds

Other United States Real Estate funds tracked on ABC INVEST:

• Vanguard Real Estate Index Fund (VGSIX)
• Vanguard Real Estate II Index Fund (VRTPX)
• Schwab U.S. REIT ETF (SCHH)
• Cohen & Steers Real Estate Securities Fund (CSEIX)
• The Real Estate Select Sector SPDR Fund (XLRE)

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.