Capital Income Fund (HWIIX)

I SHARES    A SHARES   

The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Click quarter-end or month-end to obtain the most recent fund performance.

Performance (%) Average Annual Total Returns for periods greater than one year
As of latest:    MONTH-END     QUARTER-END    (05/31/2017)
  1 MONTH 3 MONTH YTD 1 YEAR 3 YEAR 5 YEAR 10 YEAR SINCE
12/31/2010
HWIIX 1.45 2.25 6.06 21.63 6.25 11.73 -- 10.64
S&P 500 Index 1.41 2.57 8.66 17.47 10.14 15.42 -- 13.07
BofA Merrill Lynch US Corp. Govt. & Mtg Index 0.79 1.51 2.45 1.53 2.60 2.28 -- 3.37
50/50 Blend S&P 500 & BofAML Corp. Govt. & Mtg. Indexes 1.10 2.04 5.53 9.30 6.46 8.80 -- 8.31
HWIIX
S&P 500 Index
BofA Merrill Lynch US Corp. Govt. & Mtg Index
50/50 Blend S&P 500 & BofAML Corp. Govt. & Mtg. Indexes
25%
20%
15%
10%
5%
0%
GROWTH OF $10,000 SINCE FUND INCEPTION AS OF 05/31/2017
Initial Investment $
Investment Date
   
  HWIIX
  50/50 Blend S&P 500 & BofAML Corp. Govt. & Mtg. Indexes
EXPENSES
ANNUAL EXPENSES
As of 06/30/2016
Net Expense Ratio 0.84%
Gross Expense Ratio 1.22%
Management Fee 0.65%
12b-1 Fee None
MINIMUM INVESTMENT
Minimum Investment $1,000,000
Minimum Subsequent Investment $100
Minimum Investment IRA --
Minimum Subsequent Investment IRA --
Fiscal Year End June 30
Open To New Investors Yes

The Advisor has contractually agreed to waive advisory fees and/or reimburse expenses through April 30, 2018 so the net expense ratio does not exceed 0.80%.  Over the past 12 months, the Fund invested in business development companies, which produced acquired fund fees and expenses (“AFFE”) of 0.04%.  The reported net expense ratio is the expense ratio cap plus AFFE, or 0.84%.  Net expense ratios were applicable to investors. 

Mutual fund investing involves risk. Principal loss is possible. Diversification does not assure a profit nor protect against loss in a declining market. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks. Depending on the characteristics of the particular derivative, it could become illiquid. Investment in Asset Backed and Mortgage Backed Securities include additional risks that investors should be aware of such as credit risk, prepayment risk, possible illiquidity and default, as well as increased susceptibility to adverse economic developments. The Fund may invest in foreign as well as emerging markets which involve greater volatility and political, economic and currency risks and differences in accounting methods.

The Growth of $10,000 Since Fund Inception chart reflects a hypothetical $10,000 investment in the class of shares noted with no sales charges applied. Assumes reinvestment of dividends and capital gains. Performance for other share classes will vary.

Investment performance reflects fee waivers in effect. In the absence of such waivers, total return would be reduced. 

Index definitions

Glossary of financial terms