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
US1963321005
Jun 3, 1987
$500
Expense Ratio
HICOX has an expense ratio of 0.55%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Colorado Bond Shares A Tax Exempt Fund (HICOX) returned 0.77% year-to-date (YTD) and 6.25% over the past 12 months. Over the past 10 years, HICOX returned 4.48% annually, underperforming the S&P 500 benchmark at 10.88%.
HICOX
0.77%
1.43%
0.52%
6.25%
5.08%
4.54%
4.48%
^GSPC (Benchmark)
0.68%
7.17%
-1.66%
11.63%
12.51%
14.34%
10.88%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.31% | 1.16% | -0.64% | -0.93% | 0.89% | 0.77% | |||||||
| 2024 | 0.75% | 0.83% | 0.44% | -0.78% | 0.52% | 1.83% | 1.03% | 0.73% | 1.54% | -0.44% | 1.53% | -0.54% | 7.67% |
| 2023 | 2.94% | -1.63% | 1.06% | 0.53% | -0.11% | 0.95% | 0.43% | -0.51% | -1.80% | -0.97% | 4.47% | 2.28% | 7.73% |
| 2022 | -0.90% | -0.33% | -1.71% | -2.26% | 1.83% | -1.96% | 3.11% | -1.01% | -3.46% | -1.04% | 3.02% | 0.34% | -4.51% |
| 2021 | 1.00% | 0.17% | 0.57% | 0.56% | 0.52% | 0.44% | 0.44% | 0.18% | -0.11% | 0.09% | 0.65% | 0.23% | 4.83% |
| 2020 | 0.82% | 0.86% | -4.83% | 0.07% | 1.90% | 2.14% | 1.13% | 0.42% | 0.51% | 0.22% | 1.09% | 0.92% | 5.21% |
| 2019 | 0.49% | 0.44% | 1.26% | 0.38% | 0.94% | 0.46% | 0.47% | 0.86% | 0.07% | 0.26% | 0.32% | 0.34% | 6.45% |
| 2018 | 0.12% | 0.53% | 0.62% | 0.11% | 0.79% | 0.45% | 0.31% | 1.20% | -0.11% | -0.20% | 0.25% | 0.51% | 4.68% |
| 2017 | 0.56% | 0.59% | 0.42% | 0.59% | 0.80% | 1.07% | 0.43% | 0.55% | 0.23% | 0.22% | 0.39% | 0.63% | 6.68% |
| 2016 | 0.49% | 0.30% | 0.48% | -0.37% | 0.58% | 0.85% | 0.27% | 1.02% | 0.50% | -0.11% | -1.52% | 0.39% | 2.89% |
| 2015 | 0.84% | 0.05% | 0.31% | 0.16% | 0.21% | 0.29% | 0.77% | 0.43% | 0.37% | 0.32% | 0.41% | 0.31% | 4.55% |
| 2014 | 0.87% | 0.50% | 0.39% | 0.56% | 0.93% | 0.31% | 0.27% | 0.61% | 0.35% | 0.65% | 0.26% | 0.43% | 6.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 89, HICOX is among the top 11% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Colorado Bond Shares A Tax Exempt Fund provided a 5.57% dividend yield over the last twelve months, with an annual payout of $0.49 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.49 | $0.49 | $0.44 | $0.40 | $0.37 | $0.39 | $0.38 | $0.41 | $0.43 | $0.49 | $0.38 | $0.44 |
Dividend yield | 5.57% | 5.44% | 4.99% | 4.64% | 3.93% | 4.15% | 4.12% | 4.55% | 4.74% | 5.53% | 4.14% | 4.85% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.19 | |||||||
| 2024 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.08 | $0.49 |
| 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 | $0.05 | $0.40 |
| 2021 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2020 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.05 | $0.39 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $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 | $0.09 | $0.41 |
| 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 | $0.43 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.04 | $0.03 | $0.10 | $0.49 |
| 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 |
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.
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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 275 trading sessions.
The current Colorado Bond Shares A Tax Exempt Fund drawdown is 0.96%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.07% | Dec 16, 2021 | 216 | Oct 25, 2022 | 275 | Nov 29, 2023 | 491 |
| -7.31% | Mar 2, 2020 | 15 | Mar 20, 2020 | 88 | Jul 27, 2020 | 103 |
| -4.02% | Jul 24, 1990 | 29 | Aug 31, 1990 | 120 | Feb 15, 1991 | 149 |
| -3.67% | Apr 7, 2025 | 3 | Apr 9, 2025 | — | — | — |
| -3.12% | Sep 16, 2008 | 64 | Dec 15, 2008 | 140 | Jul 8, 2009 | 204 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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