Hilton Tactical Income Fund
HCYAX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 615 East Michigan Street Milwaukee WI United States of America 53202
- IPO Date
- Sep 16, 2013
- CIK
- 0001511699
- Website
- direxion.com
- Similar Companies
- Business
- Hilton Tactical Income Fund (HCYAX) is an actively managed open-end mutual fund that primarily seeks current income with a secondary objective of capital appreciation consistent with the preservation of capital. The Fund employs a disciplined tactical asset allocation approach, balancing investments in fixed income securities, such as mortgage-backed securities ETFs (e.g., iShares MBS ETF, Simplify MBS ETF), collateralized loan obligations (e.g., Janus Henderson AAA CLO ETF), preferred and income securities ETFs, U.S. Treasury notes and bonds, corporate bond ETFs, and business development company debt (e.g., Ares Capital Corp.); and higher income-producing equity securities, including dividend-focused ETFs (e.g., JPMorgan Nasdaq Equity Premium Income ETF, JPMorgan Equity Premium Income ETF), utilities sector funds (e.g., Utilities Select Sector SPDR Fund), and individual large-cap stocks (e.g., Apple Inc., Microsoft Corp., Meta Platforms Inc., Walmart Inc., Eli Lilly & Co.); while maintaining allocations to cash equivalents to mitigate volatility and capture short-term opportunities across market cycles. It provides monthly income distributions and operates within the tactical allocation category, targeting risk-adjusted returns through a collaborative team-based research process focused on high-quality issuers with attractive yields and lower cyclicality. The Fund, domiciled in the United States and launched on September 16, 2013, is managed by Hilton Capital Management, LLC, a privately held firm founded in 2001 and headquartered in Garden City, New York; an affiliate of Rafferty Holdings, LLC and advisor Rafferty Asset Management, LLC, with sub-advisory from Hilton Capital Management, and distributed through Direxion Funds in New York, NY. Geographically, the Fund invests primarily in U.S.-based securities, serving retail and institutional investors seeking diversified income with downside protection. In recent developments, the Fund has benefited from Hilton Capital Management's strategic expansions, including the launch of the Hilton BDC Corporate Bond ETF (HBDC) in 2025 tracking the Solactive Hilton Capital BDC Corporate Bond TR Index for exposure to business development company debt; milestone celebrations for its Dividend & Yield Strategy (DIVYS) at 10 years and Small & Mid Cap Opportunities (SMCO) at five years; growth in firm assets under management to $3 billion as of September 30, 2025; and ongoing enhancements to its Efficient Tactical Income strategy with ETF-focused implementations, alongside sustained monthly distributions such as $0.06120 per share for HCYAX in June 2025.