White Papers
Compliance Documents
Fourth Quarter 2021 Update
January 2022

Hamlin equity accounts advanced approximately 10.90% over the last three months while the S&P 500 Index increased 11.03% over the same period. Strong corporate earnings outlooks and pervasive signs of economic strength trumped Omicron and monetary policy concerns. Hamlin bond accounts increased 1.59% as Bloomberg-Barclays High Yield Municipal Bond Index returned 1.16% over the quarter.

Third Quarter 2021 Update
October 2021

Hamlin equity accounts decreased approximately 75 basis points over the last three months while the S&P 500 Index increased 0.58% over the same period. Favorable reactions to a strong second quarter earnings season offset concern about the Delta variant, China’s Evergrande crisis and fewer Federal Reserve bond purchases. Hamlin bond accounts delivered a positive total return despite a 44 basis point drop for the broader municipal bond market.

Second Quarter 2021 Update
June 2021

Hamlin equity accounts increased approximately 6.06% over the last three months as investors reacted favorably to strong Q1 earnings reports and optimistic outlooks related to a re-opening economy. Our municipal bond portfolios increased in value, benefiting from both lower Treasury yields and concern over proposed income tax rate increases.

First Quarter 2021 Update
April 2021

Hamlin equity accounts increased 12.48% during the first quarter. The S&P 500 Index advanced 6.17% for the quarter as investors anticipated strong earnings growth driven by flush consumers spending stimulus checks in a re-opening economy. Hamlin bond accounts increased modestly in value despite an 80-basis point back-up in the 10-year Treasury yield to 1.73% over the first three months of 2021.