Hancock Horizon Diversified International A HHDAX Fund

By
Diversified international stock mutual funds should be part of every investor portfolio. Based on historical data, international stock fund can provide asset diversification and higher return for investors. One of the top international stock funds is Hancock Horizon Diversified International mutual fund. You can find the review below.

Hancock Horizon Diversified International A (HHDAX)

The Hancock Horizon Diversified International mutual fund objective is to provide long-term capital appreciation. This equity mutual fund utilizes its assets to buy equity securities of foreign companies. It may also purchase ADRs, EDRs and GDRs. This HHDAX fund may invest in other investment companies including mutual funds, close-end funds and ETFs.

Fund Profile
  • Fund Inception Date: 09/30/2008
  • Ticker Symbol: HHDAX
  • CUSIP: 41012R779
  • Beta (3yr): 1.07
  • Rank in category (YTD): 85%
  • Category: Foreign Large Blend
  • Distribution: 0.50%
  • Capital Gains: 0%
  • Expense Ratio: 1.75%  
  • Net Assets: $ 182.71 million
  • Number of Years Up: 2 years
  • Number of Years Down: 1 year
  • Annual Turnover Rate: 3.00%
Updated on 3/14/2012

Hancock Horizon Diversified Intl A
This best foreign large blend mutual fund has annual expense ratio of 1.75%. This figure is slightly higher compared to the average in Foreign Large Blend category (1.31%). This mutual fund has small amount of dividend yield (0.50%). The annual holdings turnover as of February 13, 2012 is 3.00%. This fund is currently managed by Paul E. Viera, Jr. He started managing this fund since September 2008.

Morningstar has ranked this stock fund with 5-star rating. This best stock mutual fund has YTD return of 5.10%. The best 1-year total return was achieved in 2009 with 53.88% and the worst 1-year total return was occured in 2011 (-11.88%). Based on the load adjusted return, this fund has returned -13.90% over the past 1-year and 19.96% over the past 3-years. The performance of this fund since its inception is as below:
  • Year 2009: 53.88%
  • Year 2010: 15.09%
  • Year 2011: -11.88%
This top rated fund requires a minimum initial investment of $1,000 for opening the brokerage account. The minimum subsequent investment is $500. There is no 12b1 fee. The maximum sales charge is 5.25%. This fund is available for purchase from 32 brokerages. They are JP Morgan, Scottrade Load, Schwab Institutional, Fidelity Retail Funds Network, Schwab Retail, Common Wealth Core, E Trade No Load Fee, etc. Investors can also the other classes of this stock fund include: Class C (HHDCX), Class A load waived (HHDAX.LW), and Trust Class (HHDTX).

Best International Stock Mutual Funds

As of December 2011, the top 10 sectors are Financials (26.6%), Energy (16.0%), Health Care (13.2%), Materials (10.9%), Information Technology (9.1%), Industrials (8.5%), Consumer Discretionary (5.7%), ETFs (5.0%), Consumer Staples (2.6%) and Telecommunication Services (2.4%). The top 10 holdings are ARM Holdings (4.5%), Core Labs NV (4.0%), Shire PLC (3.9%), Shoeller-Bleckmann Oilfield (3.6%), BHP Biliton Limited (2.6%), Rio Tinto PLC (2.6%), Diageo (2.5%), Weichai Power Company Ltd (2.4%), SECOM (2.4$) and Getinge AB (2.3%).

Pros & Cons

The advantages of investing in this stock fund are:
  • Has highest rating from Morningstar
  • Has consistently outperformed its peers for the past 4 years
The disadvantages are:
  • High expense ratio fee
  • Has a sales load
  • Doesn’t have complete long term performance (5 years and above)
Disclosure: No Position

0 comments:

Post a Comment