Hawaii Municipal Fund (SURFX)
The fund will invest at least 80% of its net assets, including borrowings for investment purposes, in a portfolio of primarily investment grade municipal securities issued by or on behalf of the State of Hawaii or any of its political subdivisions or agencies that pay interest that is exempt from regular federal and State of Hawaii income tax. More than 25% of the fund's assets may be invested in a particular segment of the municipal securities market.
Fund Info
US52378P1093
Nov 22, 1988
$10,000
Expense Ratio
SURFX has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Hawaii Municipal 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
SURFX
N/A
N/A
N/A
N/A
N/A
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SURFX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2.40% | -2.12% | 1.81% | -0.18% | -0.66% | 0.71% | 0.31% | -3.96% | -2.33% | -1.96% | 5.46% | -0.76% | |
| 2022 | -2.27% | -0.48% | -2.74% | -2.64% | 0.35% | -1.54% | 2.03% | -2.06% | -3.20% | -0.64% | 4.51% | -0.13% | -8.72% |
| 2021 | 0.72% | -1.52% | 0.41% | 0.81% | 0.28% | 0.30% | 0.53% | -0.33% | -0.73% | -0.14% | 0.69% | 0.11% | 1.10% |
| 2020 | 1.32% | 1.01% | -2.94% | -1.28% | 3.17% | 0.39% | 1.08% | -0.41% | -0.24% | -0.20% | 1.09% | 0.51% | 3.43% |
| 2019 | 0.67% | 0.37% | 0.93% | 0.09% | 1.10% | 0.28% | 0.63% | 1.28% | -0.76% | -0.05% | 0.00% | 0.26% | 4.88% |
| 2018 | -1.07% | -0.36% | 0.28% | -0.26% | 0.85% | -0.08% | 0.19% | 0.10% | -0.54% | -0.45% | 0.76% | 0.94% | 0.34% |
| 2017 | 0.38% | 0.35% | 0.10% | 0.65% | 0.92% | -0.25% | 0.46% | 0.73% | -0.32% | -0.09% | -0.36% | 0.92% | 3.54% |
| 2016 | 0.93% | 0.12% | 0.21% | 0.48% | 0.12% | 1.17% | 0.20% | 0.03% | -0.24% | -0.69% | -2.82% | 0.76% | 0.22% |
| 2015 | 1.30% | -0.66% | 0.23% | -0.30% | -0.13% | -0.04% | 0.32% | 0.22% | 0.49% | 0.32% | 0.22% | 0.41% | 2.42% |
| 2014 | 2.04% | 0.79% | 0.44% | 1.07% | 1.43% | 0.15% | 0.25% | 0.88% | 0.14% | 0.60% | 0.23% | 0.50% | 8.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Hawaii Municipal Fund (SURFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
| Period | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.19 | $0.23 | $0.26 | $0.21 | $0.25 | $0.26 | $0.28 | $0.31 | $0.33 |
Dividend yield | 1.91% | 2.08% | 2.31% | 1.85% | 2.33% | 2.29% | 2.53% | 2.74% | 2.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Hawaii Municipal 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.01 | $0.00 | $0.14 |
| 2022 | $0.02 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.19 |
| 2021 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.02 | $0.08 | $0.23 |
| 2020 | $0.02 | $0.01 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.10 | $0.26 |
| 2019 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.00 | $0.02 | $0.21 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.25 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.26 |
| 2016 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2015 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
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 Hawaii Municipal 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 Hawaii Municipal Fund was 14.61%, occurring on Oct 30, 2023. The portfolio has not yet recovered.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.61% | Aug 3, 2021 | 565 | Oct 30, 2023 | — | — | — |
| -10.39% | Jan 24, 2008 | 226 | Dec 15, 2008 | 157 | Jul 31, 2009 | 383 |
| -9.68% | Mar 10, 2020 | 9 | Mar 20, 2020 | 92 | Jul 31, 2020 | 101 |
| -8.88% | Dec 18, 1997 | 1 | Dec 18, 1997 | 1 | Dec 19, 1997 | 2 |
| -6.15% | May 3, 2013 | 78 | Aug 22, 2013 | 163 | Apr 16, 2014 | 241 |
Volatility
Volatility Chart
The current Hawaii Municipal Fund volatility is 0.50%, 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.