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HCM Tactical Growth Fund - Class C Shares

HCMDX · NASDAQ

Market closed$31.96$-0.680000 (-2.08%)

Key statistics

Previous close$32.64
Open$31.96
Day high$31.96
Day low$31.96
52-week high$35.30
52-week low$27.36
Market cap2.21B
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026HCM Tactical Growth Fund - Class C Shares tumbled sharply, underperforming the broader financial services sector as a semiconductor-led tech selloff rippled through equity markets. The Nasdaq fell roughly 1.47% on Thursday amid a rotation out of chip stocks and Alphabet weakness, with safe-haven demand building on escalating Middle East tensions and reports of a new Chinese AI model—headwinds that weighed on tactically managed growth-oriented funds. The XLF financial sector ETF held relatively steady, highlighting how concentrated the pressure was on growth and tech-exposed strategies, with Morningstar noting that financial services stocks have already been the second-worst-performing sector over the past year amid AI disruption concerns and cracks in private credit.

-4.3114

July 14, 2026HCM Tactical Growth Fund - Class C Shares edged lower as the broader financial services sector faced headwinds from a complex macro backdrop, even as Wall Street's biggest banks posted blowout Q2 earnings. JPMorgan reported its highest quarterly profit ever and Goldman Sachs beat estimates on a trading and dealmaking surge, yet the asset management space lagged, with Morningstar flagging financial stocks as the second-worst-performing sector over the past year amid concerns over AI disruption and cracks in private credit. The Financial Select Sector SPDR ETF (XLF) also dipped in after-hours trading, reflecting cautious sentiment despite strong bank results.

-1.1535

July 9, 2026HCM Tactical Growth Fund - Class C Shares rose amid a broadly resilient equity session, with the S&P 500 holding near record highs despite ongoing U.S.-Iran military exchanges threatening the fragile ceasefire and reigniting oil-driven inflation fears. As a tactically managed fund in the asset management space, HCMDX likely benefited from the financial sector's relative outperformance—XLF closed higher—and the broader market's focus on the upcoming Q2 earnings season, with major banks including JPMorgan and Goldman Sachs set to report next week amid expectations for ~12.7% Finance sector earnings growth.

2.4056

July 8, 2026HCM Tactical Growth Fund - Class C Shares declined amid a broad risk-off selloff, as geopolitical escalation in the Middle East — including U.S.-Iran military exchanges and Trump declaring the Iran MOU 'over' — sent oil surging over 5% and dragged U.S. equities lower. The financial services sector (XLF) also pulled back on the day, with macro headwinds including rising Treasury yields, inflation concerns, and uncertainty ahead of the Fed's June meeting minutes weighing on asset managers and growth-oriented funds.

-2.1707

July 1, 2026HCM Tactical Growth Fund - Class C Shares edged modestly higher as the broader financial services sector navigated a mixed session to close out Q2 2026. The Finance sector posted an impressive 10.9% gain for the quarter, supported by surging retail trading activity, higher capital market volumes, and fading recession fears, though it trailed the S&P 500's stellar 14.9% quarterly return. Investor attention on July 1 centered on Fed Chair Kevin Warsh's hawkish tone at the ECB forum and a weaker-than-expected ADP jobs report (98K vs. 118K forecast), which kept rate hike bets elevated and weighed on tech-heavy names while asset managers benefited from broadly rising equity valuations.

0.477

June 29, 2026HCM Tactical Growth Fund - Class C Shares closed up 1.54%, aided by a broad market rebound as the U.S. and Iran agreed to halt tit-for-tat strikes in the Strait of Hormuz, easing geopolitical risk that had roiled equities the prior week. The S&P 500 gained ground and the financial sector XLF held steady, while improving sentiment around Fed independence and a steady macro backdrop supported asset managers broadly heading into a week packed with key economic data including the June jobs report.

1.5441

Peers

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