Hilton Capital Tactical Income Fund Receives Top Rating From Morningstar™
4-Star Overall Morningstar Rating™, out of 239 Tactical Allocation Funds as of January 31, 2019, based on risk-adjusted returns.
NEW YORK, February 16, 2019 (Newswire.com) - Hilton Capital Management is pleased to announce that the Hilton Tactical Income Fund (HCYIX) has received a 5-Star Morningstar™ Rating for the 5-Year period and a 3-Star Morningstar™ Rating for the 3-Year period as of 1/31/2019. The Hilton Tactical Income Fund seeks capital preservation with an emphasis on income generation as a key component to total competitive returns while maintaining a focus on minimizing risk and volatility. The principal investment strategy for the Tactical Income Fund remains the same since inception.
“Since 2001, we have maintained a disciplined approach to capital management,” says Bill Garvey, Co-Founder and Co-Chief Investment Officer of Hilton Capital. “We consider ourselves risk managers first and foremost. So in addition to working to mitigate risk for our clients’ assets, we’re thrilled that our performance warrants yet another 5-Star rating.”
The Hilton Tactical Income Fund balances fixed income, equities, and non-traditional investments to provide a diversified path to income generation, risk-adjusted growth, and capital preservation. The Hilton investment team actively manages the portfolio in a nimble but disciplined manner that mitigates risk and volatility.
“Our North Star has never changed,” says Alex Oxenham, Co-Chief Investment Officer of Hilton Capital Management. “Our disciplined approach and intense focus on risk-adjusted returns are the same as it was when the strategy was launched. Our goal is to perform well, preserve capital and provide income in every type of market environment.”
A core element of Hilton’s equity strategy is to examine “needs-based” companies such as energy, financials, consumer staples, and healthcare. These companies typically pay higher equity dividends and dampen the cyclicality of the portfolio, increasing the likelihood of performing well in both rising and falling markets. The investment team actively rebalances the portfolio allocation depending upon market conditions and proprietary economic and risk models.
Hilton Capital Management is a privately held investment management boutique based in Garden City, NY. Founded in 2001, Hilton emphasizes integrity, transparency, and the alignment of the firm’s interests with its clients. Hilton Capital manages more than $1.5 billion in balanced and equity strategies on behalf of a diverse client base comprised of corporate and public pensions, endowments, foundations, sub-advisory, family offices, wealth managers, financial advisors, and individuals, nationwide.
There is no guarantee that the Funds will achieve their objectives.
1 © 2018 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Morningstar RatingTM for funds, or “star rating,” is calculated for managed products with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Morningstar Ratings do not take sales loads into account. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. The Hilton Tactical Income Fund was rated against the following numbers of U.S.-domiciled Tactical Allocation funds over the following time periods: 239 funds in the last three years and 178 funds in the last five years. As of 1/31/2019, HCYAX received a 3-Star rating for the 3-year period, 4-star rating for the 5-year period and overall. HCYIX received a 3-Star rating for the 3-year period, 5-star rating for the 5-year period and a 4-star rating overall. Past performance is no guarantee of future results.
For more information on all Hilton Funds, go to hiltoncapitalmanagement.com, or call us at (516) 693-5380.
An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Funds. To obtain a prospectus and summary prospectus call 866-476-7523 or visit our website at direxioninvestments.com. A Fund’s prospectus and summary prospectus should be read carefully before investing. Distributed by Rafferty Capital Markets, LLC.
Mutual fund investing involves risk. Principal loss is possible. The Fund’s strategy of investing in dividend-paying stocks involves the risk that such stocks may fall out favor with investors and underperform the market. In addition, there is the possibility that such companies could reduce or eliminate the payment of dividends in the future or the anticipated acceleration of dividends could not occur. The Fund may invest in foreign securities and ADR’s which involve political, economic and currency risks, greater volatility and differences in accounting methods. Medium-and small- capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. Investments in REIT securities involve risks such as declines in the value of real estate and increased susceptibility to adverse economic, regulatory expenses. The fund may invest in MLP’s which can be negatively influenced when interest rates rise. These investments also entail many of the general tax risks of investing in a partnership. There is always the risk that an MLP will fail to qualify for favorable tax 2013 treatments. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and nonrated securities presents a greater risk of loss to principal and interest than higher-rated securities. Income from municipal securities may be subject to state and local taxes, and a portion of income may be subject to the federal alternative minimum tax for certain investors. Federal income tax rules will apply to any capital gains distributions. Because the funds invest in ETFs and ETN’s, they are subject to additional risks that do not apply to conventional mutual funds. ETF risk includes the risks that the market price of the shares may trade at a discount to its net asset value (“NAV”), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares. ETN risk includes the risks that the value of an ETN may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in the underlying securities’ markets, changes in the applicable interest rates, changes in the issuer’s credit rating and economic, legal, political or geographic events that affect the referenced index. In addition, ETNs are unsecured debt of the issuer and would lose value if the issuer goes bankrupt.
Source: Hilton Capital Management
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