Colorado Bond Shares A Tax Exempt Fund (HICOX)
The manager will attempt to invest up to 100% and, except for temporary investments, will invest at least 80% of the value of its net assets (plus the amount of any borrowings for investment purposes) in tax-exempt bonds and other tax-exempt securities, including tax-exempt notes and tax-exempt municipal leases of the State of Colorado, its political subdivisions, municipalities and public authorities ("Tax-Exempt Obligations").
Fund Info
| ISIN | US1963321005 |
|---|---|
| Issuer | Freedom Funds |
| Inception Date | Jun 3, 1987 |
| Category | Municipal Bonds |
| Min. Investment | $500 |
| Asset Class | Bond |
Expense Ratio
HICOX features an expense ratio of 0.55%, falling within the medium range.
Share Price Chart
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Compare to other instruments
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Popular comparisons: HICOX vs. SCHD, HICOX vs. DBSCX, HICOX vs. VTEB, HICOX vs. ENIAX, HICOX vs. SPY, HICOX vs. NVDA
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Colorado Bond Shares A Tax Exempt Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Colorado Bond Shares A Tax Exempt Fund had a return of 6.98% year-to-date (YTD) and 12.23% in the last 12 months. Over the past 10 years, Colorado Bond Shares A Tax Exempt Fund had an annualized return of 4.20%, while the S&P 500 had an annualized return of 11.43%, indicating that Colorado Bond Shares A Tax Exempt Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.98% | 25.82% |
| 1 month | 0.48% | 3.20% |
| 6 months | 4.74% | 14.94% |
| 1 year | 12.23% | 35.92% |
| 5 years (annualized) | 3.94% | 14.22% |
| 10 years (annualized) | 4.20% | 11.43% |
Monthly Returns
The table below presents the monthly returns of HICOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.76% | 0.84% | 0.44% | -0.78% | 0.52% | 1.83% | 1.03% | 0.73% | 1.54% | -0.46% | 6.98% | ||
| 2023 | 2.94% | -1.63% | 1.06% | 0.53% | -0.10% | 0.95% | 0.43% | -0.51% | -1.79% | -0.97% | 4.47% | 2.28% | 7.74% |
| 2022 | -0.89% | -0.33% | -1.71% | -2.27% | 1.83% | -1.96% | 3.11% | -1.01% | -3.46% | -1.04% | 2.63% | 0.34% | -4.87% |
| 2021 | 1.00% | 0.17% | 0.57% | 0.55% | 0.52% | 0.44% | 0.43% | 0.18% | -0.10% | 0.09% | 0.65% | 0.15% | 4.74% |
| 2020 | 0.82% | 0.87% | -4.83% | 0.07% | 1.90% | 2.14% | 1.13% | 0.42% | 0.51% | 0.22% | 1.09% | 0.77% | 5.05% |
| 2019 | 0.49% | 0.44% | 1.26% | 0.38% | 0.94% | 0.46% | 0.47% | 0.86% | 0.07% | 0.26% | 0.31% | 0.00% | 6.09% |
| 2018 | 0.12% | 0.53% | 0.62% | 0.11% | 0.79% | 0.45% | 0.31% | 1.20% | -0.11% | -0.20% | 0.25% | 0.09% | 4.24% |
| 2017 | 0.56% | 0.59% | 0.42% | 0.59% | 0.80% | 1.07% | 0.43% | 0.55% | 0.23% | 0.22% | 0.39% | 0.13% | 6.14% |
| 2016 | 0.49% | 0.30% | 0.48% | -0.37% | 0.57% | 0.85% | 0.26% | 1.02% | 0.50% | -0.11% | -1.52% | -0.40% | 2.07% |
| 2015 | 0.84% | 0.04% | 0.31% | 0.17% | 0.21% | 0.29% | 0.77% | 0.43% | 0.37% | 0.32% | 0.41% | -0.06% | 4.17% |
| 2014 | 0.87% | 0.50% | 0.39% | 0.55% | 0.93% | 0.31% | 0.27% | 0.61% | 0.35% | 0.65% | 0.27% | 0.09% | 5.93% |
| 2013 | 0.41% | 0.32% | 0.23% | 0.49% | 0.10% | -0.97% | -0.02% | -0.37% | 0.43% | 0.50% | 0.34% | 0.27% | 1.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of HICOX is 95, placing it in the top 5% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Colorado Bond Shares A Tax Exempt Fund (HICOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Colorado Bond Shares A Tax Exempt Fund provided a 4.99% dividend yield over the last twelve months, with an annual payout of $0.45 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.44 | $0.38 | $0.36 | $0.37 | $0.38 | $0.37 | $0.42 | $0.42 | $0.38 | $0.44 | $0.40 |
Dividend yield | 4.99% | 4.97% | 4.43% | 3.84% | 4.00% | 4.07% | 4.03% | 4.69% | 4.73% | 4.13% | 4.79% | 4.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Colorado Bond Shares A Tax Exempt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.37 | |
| 2023 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.44 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.36 |
| 2020 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.37 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.38 |
| 2018 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.04 | $0.37 |
| 2017 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.05 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.42 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.04 | $0.03 | $0.03 | $0.42 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.38 |
| 2014 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.03 | $0.07 | $0.03 | $0.04 | $0.44 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Colorado Bond Shares A Tax Exempt Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Colorado Bond Shares A Tax Exempt Fund was 8.07%, occurring on Oct 25, 2022. Recovery took 276 trading sessions.
The current Colorado Bond Shares A Tax Exempt Fund drawdown is 0.33%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.07% | Dec 16, 2021 | 216 | Oct 25, 2022 | 276 | Nov 30, 2023 | 492 |
| -7.31% | Mar 2, 2020 | 15 | Mar 20, 2020 | 88 | Jul 27, 2020 | 103 |
| -4.03% | Jul 24, 1990 | 29 | Aug 31, 1990 | 120 | Feb 15, 1991 | 149 |
| -3.18% | Sep 16, 2008 | 65 | Dec 16, 2008 | 144 | Jul 15, 2009 | 209 |
| -3.07% | Dec 27, 1991 | 42 | Feb 24, 1992 | 114 | Jul 31, 1992 | 156 |
Volatility
Volatility Chart
The current Colorado Bond Shares A Tax Exempt Fund volatility is 1.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.