Hancock Horizon Funds Launches Diversified Income Fund
New addition seeks to generate income from strategic mix of investments
GULFPORT, Miss., Sept. 26, 2012
GULFPORT,Miss., Sept. 26,2012 /PRNewswire/ --Hancock Holding Company
(Nasdaq: HBHC) announced today the launch of the Hancock Horizon Diversified
Income Fund as a new addition to the company's growing $1.5 billion family of
investment funds. The fund seeks to generate steady income from a combination
of financial investments.
"The launch of the new Hancock Horizon Diversified Income Fund marks another
important milestone in the continued growth of our family of investment funds,
and we believe the fund has strong potential to generate income during the
current challenging interest rate environment," said Hancock Horizon Funds
Senior Vice President and Chief Investment Strategist John Portwood, CFA.
"This will be an alternative for investors who have seen diminishing returns
from traditional income-producing investment products as interest rates have
The new fund will invest in a mix of Master Limited Partnerships (MLPs),
dividend paying stocks, Real Estate Investment Trusts (REITs), preferred
stock, and high yield bonds. Fund managers at Hancock Horizon Funds (HHF) said
they have flexibility to add other assets as deemed strategic.
To lead the Diversified Income Fund, the Hancock Horizon Funds has tapped
20-year investment industry veteran Greg Hodlewsky, CFA. "We actively manage
all of our funds, and the Diversified Income Fund will be no different," says
Hodlewsky. "We will move in concert with changes in the market and focus on
the areas of the market where the income is greatest to generate the best
While there are similar type funds available, Hodlewsky said the number of
those funds is small – perhaps 20-50 – compared to the number of generic stock
funds available, such as large cap stock funds that may number 1,500 or more.
Hancock Holding Company is the parent company of Hancock Bank and Whitney
Bank. The investment management team for Hancock and Whitney banks comprises
18 members responsible for managing $5.4 billion in assets under management.
"As we move forward, we believe Greg Hodlewsky's experience and expertise will
be very valuable in managing the Diversified Income Fund for the benefit of
its shareholders," said Mark Duthu, Executive Vice President for Hancock and
Whitney Bank's Trust & Asset Management Department. "With the combined
strength of Hancock Bank and Whitney Bank, our investors will benefit from the
professional expertise and financial resources we have as one of the largest
financial institutions headquartered in the Gulf South."
About Hancock Horizon Funds
Founded with three funds worth $240 million at its inception in 2000, the
Hancock Horizon Funds family has grown to include 10 funds with
$1.5billioninassets today. It is one of the largest mutual fund families
in the Gulf South region and includes the Burkenroad Small Cap Fund, which is
rated 5 stars by Morningstar and celebrated its 10th anniversary in January
About Hancock Holding Company
Hancock Holding Company operates almost 250 full-service bank branches and
more than 350 ATMs across the Gulf South spanning metropolitan Houston, Texas;
southern Mississippi; southern Alabama; and the Panhandle, northern, and
central regions of Florida. The company operates its bank branches in Texas
and Louisiana under the Whitney Bank brand. All branches in Mississippi,
Alabama, and Florida operate as Hancock Bank locations.
To determine if this Fund is an appropriate investment for you, carefully
consider the Fund's investment objectives, risk factors, and charges and
expenses before investing. This and other information can be found in the
Fund's prospectus, which may be obtained by visiting
www.hancockhorizonfunds.com or by calling 1-800-990-2434. Please read it
carefully before investing.
Diversification may not protect against market risk.
Mutual fund investing involves risk including the loss of principal.
International investments may involve risk of capital loss from unfavorable
fluctuation in currency values, from differences in generally accepted
accounting principles, or from social, economic, or political instability in
other nations. In addition to the normal risks associated with investing, REIT
investments are subject to changes in economic conditions, credit risk and
interest rate fluctuations. Bonds and bond funds are subject to interest rate
risk and will decline in value as interest rates rise. Mortgage-backed
securities are subject to prepayment and extension risk and therefore react
differently to changes in interest rates than other bonds. Small movements in
interest rates may quickly and significantly reduce the value of certain
mortgage-backed securities. High yield bonds involve greater risks of default
or downgrade and are more volatile than investment grade securities, due to
the speculative nature of their investments. In addition to international
investments, securities focusing on a single country may be subject to higher
MLP's interests are all in a particular industry and the MLP will be
negatively impacted by economic events adversely impacting that industry. The
risks of investing in a MLP are generally those involved in investing in a
partnership as opposed to a corporation, such as a limited control of
management, limited voting rights and tax risks. MLP's may be subject to
state taxation in certain jurisdictions, which will have the effect of
reducing the amount of income paid by the MLP to its investors.
For each fund with at least a three-year history, Morningstar calculates a
Morningstar Rating™ metric each month by subtracting the return on a 90-day
U.S. Treasury Bill from the fund's load adjusted return for the same period,
and then adjusting this excess return for risk. The top 10 percent of funds in
each category receive 5 stars, the next 22.5 percent receive 4 stars, the next
35 percent receive 3 stars, the next 22.5 percent receive 2 stars and the
bottom 10 percent receive 1 star. The Overall Morningstar Rating for a fund is
derived from a weighted average of the performance figures associated with its
three, five and ten-year (if applicable) Morningstar Rating metrics. As of
8/31/2012, the Hancock Horizon Burkenroad Fund, Class A was rated against 588
Small Blend Funds over a three year period, 510 over a five-year period, and
308 over a 10 year period and received 4, 5, and 5 stars respectively.
Hancock Horizon Funds are distributed by SEI Investments Distribution Co.,
which is not affiliated with Hancock Holding Company or any of its affiliates.
Not insured. No guarantee. May lose value.
SOURCE Hancock Holding Company
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