HSCIX — U.S. Small Cap Fund

HSCIX Fund Overview

HSCIX — U.S. Small Cap 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: $17.70M
• Ticker: HSCIX
• SEC CIK: 0000890540
• SEC series ID: S000043514
• Share class ID: C000134933

HSCIX Investment Objective and Strategy

U.S. Small Cap 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 U.S. Small Cap Fund (the ""U.S. Small Cap 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 common stocks and other equity securities of U.S. companies with small 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 Fund considers small-capitalization companies to be those with market capitalizations that fall within or below the current range of companies in either the Russell 2000 Index or the S&P Small Cap 600 Index, or below the average of the maximum market capitalizations of companies in either index as of January 31 of each of the three preceding years. As of January 31, 2018, the market capitalization ranges for the Russell 2000 Index and the S&P Small Cap 600 Index were approximately $20.20 million to $10.05 billion and $90.40 million to $4.61 billion, respectively.

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 small-capitalization range."

HSCIX Costs and Fees

HSCIX costs about $110 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.10%
• Gross expense ratio: 1.14%
• Portfolio turnover: 113%
• Brokerage commissions: 32.59 bps of average net assets (SEC N-CEN)

HSCIX Cashflows

Over the 12 months to 2019-10, U.S. Small Cap Fund had net inflows of $9.12M, from monthly SEC N-PORT filings.

HSCIX Debt Constituents

No individual debt constituents are reported in U.S. Small Cap Fund's latest SEC N-PORT filing.

HSCIX Prospectus and SEC Filings

Official U.S. Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-06-12
• Prospectus (485BPOS) — filed 2018-06-12
• Prospectus (485BPOS) — filed 2017-06-20
• Portfolio holdings (N-PORT) — filed 2019-12-30
• Annual census (N-CEN) — filed 2019-04-15

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.