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15 important things you should know about Hancock Horizon HHQAX mutual fund

Updated: September 19, 2020
67
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • High expense ratio

Before we start: if you’re looking for HHQAX “stock” price, you can quickly find it out by visiting Finny and typing "HHQAX quote". If you’re looking for a quick scoop on HHQAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "HHQAX". You’ll get all this info in one place.

Are you looking to buy or sell HHQAX? Or perhaps you’re looking for HHQAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this HHQAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: HHQAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: HHQAX buy or sell; the pros and cons of investing in HHQAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to HHQAX.

And here is the list of questions we’ll answer:

  1. Describe Advisors' Inner Circle Fund II: Hancock Horizon Quantitative Long/Short Fund; Investor Class Shares (HHQAX).
  2. What are HHQAX holdings?
  3. What is HHQAX performance? What are HHQAX historical returns?
  4. How many up and down years did HHQAX have historically?
  5. What is HHQAX dividend yield?
  6. What is HHQAX minimum initial investment amount?
  7. What is HHQAX expense ratio?
  8. Does HHQAX have any sales loads or 12b-1 distribution expenses?
  9. What is HHQAX tax efficiency (tax-cost ratio)?
  10. What is HHQAX beta? How would you assess HHQAX risk?
  11. What is HHQAX Sharpe ratio?
  12. What is HHQAX Finny Score? HHQAX buy or sell?
  13. What are the pros of investing in HHQAX? What are HHQAX buy reasons?
  14. What are the cons of investing in HHQAX? What are HHQAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Advisors' Inner Circle Fund II: Hancock Horizon Quantitative Long/Short Fund; Investor Class Shares (HHQAX).

The Fund seeks capital appreciation by taking long and short positions of publicly traded companies. Using a quantitative method the advisor takes long positions in equity that it believes are undervalued relative to their peers. It will take short positions in stocks that it deems overvalued relative to its peers.

2. What are HHQAX top holdings?

HHQAX has 112 stock holdings and 0 bond holdings.

The top 10 holdings represent 10.61% of total assets. Here are the top holdings:

Name Symbol % Assets
Horizon Therapeutics PLC HZNP 1.18%
Alphabet Inc A GOOGL 1.17%
Amazon.com Inc AMZN 1.12%
Eli Lilly and Co LLY 1.09%
Regeneron Pharmaceuticals Inc REGN 1.06%
Akamai Technologies Inc AKAM 1.04%
Zebra Technologies Corp ZBRA 1.04%
Apple Inc AAPL 0.97%
Microsoft Corp MSFT 0.97%
Visa Inc Class A V 0.97%

3. What is HHQAX performance? What are HHQAX historical returns?

HHQAX has generated the following returns:

  • 1-month return is -0.95%;
  • 3-month return is 3.54%;
  • 1-year return is -3.10%;
  • 3-year return is 0.39%;
  • 5-year return is 1.53%;
  • 10-year return is 6.56%.

4. How many up and down years did HHQAX have historically?

In the last 10 years, HHQAX had 9 up years and 1 down year. See Performances

5. What is HHQAX dividend yield?

HHQAX yield is 0.5%.

6. What is HHQAX minimum initial investment amount?

HHQAX minimum initial investment amount is N/A.

7. What is HHQAX expense ratio?

HHQAX expense ratio is 1.5%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

8. Does HHQAX have any sales loads or 12b-1 distribution expenses?

HHQAX 12b-1 distribution fee is 0. HHQAX front-end sales load is 0. HHQAX back-end sales load is 0.

9. What is HHQAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 0.2%;
  • 3-year ax cost ratio is 0.82%.

See Taxes

10. What is HHQAX beta? How would you assess HHQAX risk?

  • 3-year beta is 0.64;
  • 5-year beta is 0.60;
  • 10-year beta is 0.74.

See Risks

11. What is HHQAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.15;
  • 5-year Sharpe ratio is -0.04;
  • 10-year Sharpe ratio is 0.59.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 67. Our quantitative analysis shows 4 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 67.

13. What are the pros of investing in HHQAX? What are HHQAX buy reasons?

The following are HHQAX strengths from our perspective:

  • <strong>HHQAX 3-year return</strong> is 0.39%, which is higher than the 3-year return of the benchmark index (HFRX Equity Hedge USD), 0.35%.
  • <strong>HHQAX 5-year return</strong> is 1.53%, which is higher than the 5-year return of the benchmark index (HFRX Equity Hedge USD), 1.16%.
  • <strong>HHQAX 10-year return</strong> is 6.56%, which is higher than the 10-year return of the benchmark index (HFRX Equity Hedge USD), 0.86%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

14. What are the cons of investing in HHQAX? What are HHQAX negatives?

The following are HHQAX weaknesses from our perspective:

  • <strong>HHQAX net assets</strong> are $13.30 million. This fund is not a popular choice with retail investors.
  • <strong>HHQAX expense ratio</strong> is 1.5%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the HHQAX review, we covered HHQAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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