HCM Sector Plus Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, HCM Sector Plus Fund held 61 positions with $2.04B in net assets. Its ten largest holdings made up 89.3% of the fund. The HCMNX share class costs 1.97% a year. Over the 12 months to May 2026, HCMNX returned 32.3%, with dividends reinvested. In 2026 Q2 it added 4 new positions and exited 2.
Long-term capital appreciation.
The fund invests in dividend-paying S&P 500 stocks and underlying funds (mutual funds, closed-end funds, and ETFs), including those employing leverage, alongside cash and options. A proprietary quantitative model called HCM-BuyLine uses trend analysis to shift the fund's equity exposure up or down; when bearish, it moves to cash and put options, and when bullish, to equities and call options. Because the fund may hold underlying funds that use leverage, returns can amplify market moves beyond what direct S&P 500 exposure would produce.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
PROSHARES TRUST | 16.62% | $339.14M | 3.5M | $96.76 |
PROSHARES TRUST | 16.31% | $332.87M | 4.9M | $67.38 |
VANGUARD SPECIALIZED FUNDS | 13.94% | $284.41M | 1.2M | $236.62 |
DIREXION SHARES ETF TRUST | 10.43% | $212.91M | 786.6K | $270.67 |
SPDR S&P 500 ETF TRUST | 9.82% | $200.35M | 268.3K | $746.77 |
VANGUARD WHITEHALL FUNDS | 8.77% | $179.04M | 1.1M | $158.03 |
ISHARES TRUST | 7.75% | $158.09M | 1.0M | $156.30 |
HCM BBH SWEEP | 4.67% | $95.27M | — | — |
0.52% | $10.57M | 26.3K | $401.41 | |
0.51% | $10.33M | 73.8K | $139.96 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 61 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 95.43% |
| Cash & short-term | 4.67% |
By sector
- Other
- 83.9%
- Cash
- 4.7%
- Industrials
- 1.6%
- Financials
- 1.6%
- 9 other sectors
- 8.2%
- Other
- 83.9%
- Cash
- 4.7%
- Industrials
- 1.6%
- Financials
- 1.6%
- Consumer Discretionary
- 1.5%
- Utilities
- 1.2%
- Communication Services
- 1.1%
- Energy
- 1.0%
- Materials
- 0.9%
- Consumer Staples
- 0.9%
- Information Technology
- 0.8%
- Health Care
- 0.8%
- Real Estate
- 0.0%
How it has done
HCMNX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.36%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.97% | +32.27% | +74.43% | +66.86% | -14.90% | |
| 2.12% | +32.11% | +73.63% | +65.64% | -15.00% | |
| 2.72% | +31.35% | +70.51% | +60.79% | -15.22% | |
| 1.72% | +32.62% | +75.77% | +69.05% | -14.86% | |
| — | +32.66% | +74.95% | +67.35% | -14.94% |
These classes hold the same portfolio, so the 8.26pp spread over 5 years is the cost difference between them — roughly 1.65pp a year — not a difference in what they own.
Fees & fund details
HCM Sector Plus Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 1.72% – 2.72%· HCMNX 1.97%
- Portfolio turnover
- 226.00% a year · as of 2025 Q4
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
4 new· the largest 3
2 exited
Understand how this fund fits with the rest.
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