Hilton Tactical Income Instl
HCYIX
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
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- C. Craig O'Neill
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10019 Kansas City MO United States of America 64111
- IPO Date
- Sep 16, 2013
- CIK
- 0001511699
- Website
- americancentury.com
- Similar Companies
- Business
- Hilton Tactical Income Fund Institutional Class (HCYIX) is an actively managed open-end mutual fund that seeks current income as its primary objective, with a secondary goal of capital appreciation consistent with capital preservation. The Fund employs a tactical asset allocation strategy balancing fixed-income securities and higher income-producing equities; it invests in a diversified mix of U.S. bonds, U.S. stocks, non-U.S. stocks, non-U.S. bonds, cash equivalents, and other assets, including exchange-traded funds such as JPMorgan Nasdaq Equity Premium Income ETF, iShares MBS ETF, Janus Henderson AAA CLO ETF, and individual holdings like Apple Inc., Microsoft Corp., and United States Treasury notes; monthly income distributions are provided through this multi-sector approach focused on high-quality issuers with attractive risk-adjusted yields, lower cyclicality, and volatility mitigation across market cycles. Managed by Hilton Capital Management, LLC, an affiliate of Rafferty Holdings, LLC and investment adviser Rafferty Asset Management, LLC, the Fund utilizes a collaborative team-based process led by portfolio managers including Alexander D. Oxenham, CFA, Timothy W. Reilly, C. Craig O’Neill, and others, targeting institutional investors with a minimum initial investment of $50,000. Launched on September 16, 2013, with performance history incorporating the predecessor Hilton Yield Plus Fund from December 5, 2014, and share class conversions including Investor Class to Class A in 2015 and Class A to Investor in 2018, the Fund is distributed by Direxion Funds and operates from headquarters in Garden City, New York, serving U.S. investors through platforms like Fidelity and Schwab. Recent portfolio adjustments as of Q2 2025 by Hilton Capital Management include significant increases in holdings like Vanguard Short-Term Treasury ETF (VGSH) by 302,754 shares and Treasury Bills (TBIL) by 81,866 shares, alongside reductions in Walmart (WMT) and Analog Devices (ADI), alongside new positions in areas like gold strategy ETFs; the firm grew client assets to over $3 billion by September 2025 and launched complementary strategies such as Dividend & Yield Strategy (DIVYS) and Efficient Tactical Income (ETI) using passive ETFs. The Fund maintains a net expense ratio of 1.05% for Institutional shares through fee waivers until September 2026 and focuses on U.S.-centric markets with global diversification elements.