Our mission is to preserve and grow client wealth through tax-exempt income
Overview
Portfolio
Performance
Strategy Facts
Commentary
Performance vs. Benchmark (NET) as of 6/30/2022
Fund
1 Year
3 Year
5 Year
10 Year
Since Inception
Hamlin HY Muni (Net of Fees)
-1.34
3.52
4.46
4.97
5.15
Barclays High Yield (BHYMBI)
-10.40
1.15
3.63
4.42
5.27
Returns are net of management fees. Please see the disclaimer below.
Performance By Year (NET) as of 12/31/2021
Year
Hamlin HY Muni (Net Of Fees)
Barclays High Yield Muni Index (BHYMBI)
2001
4.54
4.45
2002
7.22
1.97
2003
9.14
13.22
2004
8.27
10.52
2005
7.94
8.58
2006
6.81
10.74
2007
4.27
-2.28
2008
-16.73
-27.01
2009
16.35
32.73
2010
7.06
7.80
2011
6.13
9.25
2012
7.43
18.14
2013
2.48
-5.51
2014
7.18
13.84
2015
4.80
1.81
2016
3.84
2.99
2017
8.22
9.69
2018
4.25
4.76
2019
8.69
10.68
2020
5.17
4.89
2021
5.43
7.77
Returns are net of management fees. Please see the disclaimer below.
The performance shown is that of the Hamlin Bond Only Composite. As such, it is not representative of any particular account and not every client’s account will be identical. The Bond Only Composite consists of fully discretionary bond only accounts that are comprised of any amount of bonds and cash. There is a 1 year waiting period to be included in the composite. There is no minimum account size for inclusion in the composite. The Barclays High Yield Municipal Bond Index (“BHYMBI”) is provided solely to allow for comparison to a widely recognized index. The index is in no way indicative of the strategy employed in this composite. It is the position of Hamlin Capital Management, LLC (“Hamlin”) that a meaningful benchmark is not available for this strategy due to the frequent and customized changes in allocation in individual accounts. Benchmark returns are not covered by the report of independent verifiers. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. Investing entails the risk of loss of principal. The U.S. Dollar is the currency used to express performance. Returns are presented net of custodial and management fees and includes the reinvestment of all income. Net of fee performance was calculated using actual management fees. Results are based on fully discretionary accounts under management, including those accounts no longer with the firm. The management fee schedule is as follows: 1.00% on all assets. Actual investment advisory fees incurred by clients may vary. Hamlin is an independent registered investment advisory firm. Hamlin invests in fixed income and equities for separately managed accounts, as well as funds. In January 2004, Hamlin merged with RRH Capital Management Inc. and the performance returns are linked. Hamlin maintains a complete list and description of composites, which is available upon request. A copy of our current written disclosure statement discussing our advisory services and fees continues to remain available for your review upon request. The Bond Only Composite was created April 1, 2006. Hamlin claims compliance with the Global Investment Performance Standards (GIPS®). Hamlin has been independently verified for the periods January 1, 2001 through December 31, 2008 by Ashland Partners & Company LLP. ACA Performance Services began verification for Hamlin on January 1, 2009 through March 31, 2022. A firm that claims compliance with the GIPS standards must establish policies and procedure for complying with all the applicable requirements of the GIPS standards. Verification provides assurance on whether the firm’s policies and procedures related to composite and pooled fund maintenance, as well as the calculation, presentation, and distribution of performance, have been designed in compliance with the GIPS standards and have been implemented on a firm-wide basis. The Bond Only Composite has been examined for the periods beginning January 1, 2001 through March 31, 2022. The verification and performance examination reports are available upon request. The policies for valuing portfolios, calculating performance and preparing compliant presentations are available upon request.
