Hancock Horizon Funds Launches New U.S. Small Cap Fund
Success of regional Burkenroad Small Cap Fund becomes roadmap for new offering
GULFPORT, Miss., Jan. 7, 2014
GULFPORT,Miss., Jan. 7,2014 /PRNewswire/ -- Hancock Holding Company (Nasdaq:
HBHC) announced today the launch of the Hancock Horizon U.S. Small Cap Fund as
a new addition to the company's growing $2 billion family of mutual funds. The
fund offers investors exposure to a diverse portfolio of small cap stocks and
is managed by the same team that oversees the 5-star Morningstar-rated
Burkenroad Small Cap Fund.
"Diversification has always been an important component of all investment
portfolios, and our new small cap fund will build on the principles we've used
to create and manage the Burkenroad Small Cap Fund while offering exposure to
growing companies across the country," said Hancock Horizon Fund Manager David
Lundgren, CFA. "Small cap stocks have great potential, and we see them as an
important element of a well-diversified portfolio."
The new fund will invest in small companies that are positioned to be
successful in their respective industries and market sectors, which include
energy, industrials, information technology, healthcare, consumer-focused, and
others. Fund managers at Hancock Horizon Funds (HHF) said their goal is to
create another successful fund modeled after similar funds the financial team
has established over the last 13 years.
HHF Manager Greg Hodlewsky, CFA, says the strategy the team is using to manage
the U.S. Small Cap Fund has been in place for several years for select clients
as separately managed accounts.
"We're not starting from scratch with this new fund," Hodlewsky said. "We've
been managing similar small cap portfolios for many of our affluent clients
for a very long time. Now all of our clients will have access to a diverse
small cap offering that lets investors get in with companies on the ground
floor that may become the next Intel or Apple – all start off as small
Lundgren, who is the Burkenroad Small Cap Fund manager, will also serve as the
lead manager on the new U.S. Small Cap Fund, and Hodlewsky–who has managed and
developed the strategy behind the separately-managed funds that guided the new
fund's design and approach–will work with Lundgren as a fund manager.
Hancock Holding Company is the parent company of Hancock Bank and Whitney
Bank. The investment management team for Hancock and Whitney banks comprises
17 members responsible for managing more than $5.6 billion in assets under
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 11 funds with over $2
billioninassets today. It is one of the largest mutual fund families in the
Gulf South region and includes the 5-star Morningstar-rated Burkenroad Small
Cap Fund and the 4-star Morningstar-rated Quantitative Long/Short Fund.
About Hancock Holding Company
Helping create opportunities for consumers, businesses, and communities across
a five-state Gulf South footprint, Gulfport, Miss., based Hancock Holding
Company (Nasdaq: HBHC) operates Hancock Bank in Mississippi, Alabama, and
Florida and Whitney Bank in Louisiana and Texas. The company's comprehensive
regional network of financial services includes traditional and online
banking; commercial and energy banking; small business banking; trust and
investments; corporate trust services; insurance; private banking; and
mortgage services. Both founded more than a century ago to help people achieve
their financial goals and dreams, Hancock Bank, headquartered in Gulfport, and
Whitney Bank, headquartered in New Orleans, La., consistently rank among
America's strongest, safest financial institutions, according to
BauerFinancial, Inc. More information and online banking services are
available at www.hancockbank.com or www.whitneybank.com.
There are specific risks inherent in investing primarily in small companies.
Smaller companies typically have a higher risk of failure and historically
have experienced a greater degree of volatility.
There is no guarantee that the Fund will perform or be managed in a similar
manner as the Burkenroad Small Cap Fund. Past performance of any fund does
not guarantee future results.
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.
Mutual fund investing involves risk including the loss of principal.
Diversification may not protect against market risk. With short sales, you
risk paying more for a security than you received from its sale.
© 2013Morningstar, Inc. All Rights Reserved. The information contained herein:
(1) is proprietary to Morningstar; (2) may not be copied or distributed; and
(3) is not warranted to be accurate, complete or timely. Neither Morningstar
nor its content providers are responsible for any damages or losses arising
from any use of this information. Past performance is no guarantee of future
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
11/30/2013, the Hancock Horizon Burkenroad Small Cap Fund, Class A was rated
against 602 Small Blend Funds over a three year period, 539 over a five-year
period, and 331 over a 10 year period and received 4, 4, and 5 stars
respectively. For the same time period, the Hancock Horizon Quantitative
Long/Short Fund was rated against 121 Long/Short Equity Funds over a three
year period and 71 over a five year period. The Class A shares received a
rating of 4 and 3 stars, and the Class A load waived received 4 and 4 stars
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
Contact: R. Paul Maxwell, VP & Corporate Communications Director,
228.563.7953, email@example.com, Larry Lovell, PR Management
Supervisor, Peter A Mayer Public Relations, 504.289.7713,
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