At the close of business on Friday, September 24, 2021, the Hancock Horizon Funds (“Funds”) reorganized into the Federated Hermes Funds, as listed below. Please visit https://www.federatedinvestors.com/products.do?productType=4 for more information on Federated Hermes Funds.

 Below is a summary of the transaction mapping.

HANCOCK HORIZON (HH)

HH

HH

HH

 

FEDERATED HERMES (FHI)

FHI

FHI

FHI

FROM FUND NAME

CLASS

NASDAQ

CUSIP

TO FUND NAME

CLASS

NASDAQ

CUSIP

HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND

Investor

HHDAX

41012R779

FEDERATED HERMES INTERNATIONAL LEADERS FUND

A

FGFAX

31428U847

HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND

Institutional

HHDTX

41012R787

FEDERATED HERMES INTERNATIONAL LEADERS FUND

IS

FGFLX

31428U623

HANCOCK HORIZON BURKENROAD SMALL CAP FUND

Investor

HHBUX

41012R829

 

FEDERATED HERMES MDT SMALL CAP CORE

A

QASCX

31421R817

HANCOCK HORIZON BURKENROAD SMALL CAP FUND

Institutional

HIBUX

00766Y216

FEDERATED HERMES MDT SMALL CAP CORE

IS

QISCX

31421R783

HANCOCK HORIZON BURKENROAD SMALL CAP FUND

D

HYBUX

41012R811

FEDERATED HERMES MDT SMALL CAP CORE

A

QASCX

31421R817

HANCOCK HORIZON MICROCAP FUND

Investor

HMIAX

41012R522

 

FEDERATED HERMES MDT SMALL CAP CORE

A

QASCX

31421R817

HANCOCK HORIZON MICROCAP FUND

Institutional

HMIIX

41012R530

 

FEDERATED HERMES MDT SMALL CAP CORE

IS

QISCX

31421R783

HANCOCK HORIZON LOUISIANA TAX-FREE INCOME FUND

Investor

HHLAX

41012R712

 

FEDERATED HERMES MUNICIPAL BOND FUND

A

LMSFX

313913105

HANCOCK HORIZON LOUISIANA TAX-FREE INCOME FUND

Institutional

HHLTX

41012R720

FEDERATED HERMES MUNICIPAL BOND FUND

IS

LMBIX

313913600

HANCOCK HORIZON MISSISSIPPI TAX-FREE INCOME FUND

Investor

HIMAX

41012R688

 

FEDERATED HERMES MUNICIPAL BOND FUND

A

LMSFX

313913105

HANCOCK HORIZON MISSISSIPPI TAX-FREE INCOME FUND

Institutional

HHMTX

41012R696

FEDERATED HERMES MUNICIPAL BOND FUND

IS

LMBIX

313913600

HANCOCK HORIZON DIVERSIFIED INCOME FUND

Investor

HHIAX

41012R662

 

FEDERATED HERMES CAPITAL INCOME FUND

A

CAPAX

31420C878

HANCOCK HORIZON DIVERSIFIED INCOME FUND

Institutional

HHIIX

41012R670

FEDERATED HERMES CAPITAL INCOME FUND

IS

CAPSX

31420C621

HANCOCK HORIZON INTERNATIONAL SMALL CAP FUND

Investor

HISAX

41012R555

 

FEDERATED HERMES INTERNATIONAL SMALL-MID COMPANY FUND

A

ISCAX

31428U748

HANCOCK HORIZON INTERNATIONAL SMALL CAP FUND

Institutional

HICIX

41012R563

FEDERATED HERMES INTERNATIONAL SMALL-MID COMPANY FUND

IS

ISCIX

31428U631

HANCOCK HORIZON DYNAMIC ASSET ALLOCATION FUND

Investor

HDAAX

41012R589

 

FEDERATED HERMES GLOBAL ALLOCATION FUND

A

FSTBX

314183104

HANCOCK HORIZON DYNAMIC ASSET ALLOCATION FUND

Institutional

HDAIX

41012R597

FEDERATED HERMES GLOBAL ALLOCATION FUND

IS

SBFIX

314183500

HANCOCK HORIZON QUANTITATIVE LONG/SHORT FUND

Investor

HHQAX

41012R746

 

FEDERATED HERMES MDT MARKET NEUTRAL FUND

A

QAMNX

31423A440

HANCOCK HORIZON QUANTITATIVE LONG/SHORT FUND

Institutional

HHQTX

41012R753

FEDERATED HERMES MDT MARKET NEUTRAL FUND

IS

QQMNX

31423A432

 

Additional Investor Information

March 31, 2021 Holdings

September 30, 2020 Holdings

 

Semi-Annual Report

 

Annual Report

 

Prospectus

 

Tax Documents

Horizon Advisers serves as investment advisor for the Hancock Horizon Family of Funds. The Hancock Horizon Family of Funds are distributed by SEI Investments Distribution Co. (SIDCO),Oaks, PA 19456, which is not affiliated with Hancock Whitney Corporation, or any of its affiliates. Check the background of SIDCO on FINRA’s BrokerCheck.

If you have any questions about your former investments in the Hancock Horizon Funds, please call 1-800-990-2434.

Mutual fund investing involves risk including loss of principal.

Investments in smaller companies typically exhibit higher volatility. Microcap companies have a higher risk of failure and typically experience a greater degree of volatility. Investing in microcap companies may not be appropriate for all investors.

International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from social, economic or political instability in other nations. In emerging markets, these risks are heightened.

Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Bond funds focusing on a single state may be subject to higher volatility. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments.

REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations.

Narrowly focused investments typically exhibit higher volatility. Investments in commodities are subject to higher volatility than more traditional investments.

Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities.

MLP's interests are all in a particular industry and the MLP will be negatively impacted by economic events adversely impacting that industry. The risks of investing in a MLP are generally those involved in investing in a partnership as opposed to a corporation, such as a limited control of management, limited voting rights and tax risks. MLP's may be subject to state taxation in certain jurisdictions, which will have the effect of reducing the amount of income paid by the MLP to its investors.

With short sales, your risk paying more for a security than you received from its sales. The risk of loss from a short sale is unlimited because the Fund must purchase the shorted security at a higher price to complete the transaction and there is no limit for the security price.

The use of leverage, options, swaps or derivatives has the potential to significantly increase the volatility and potential losses.

The Dynamic Asset Allocation fund’s investments in Underlying ETFs will subject it to substantially the same risks as those associated with the direct ownership of the securities held by such Underlying ETFs, and the Fund's investments in Underlying ETNs will subject it to credit risk.

Diversification may not protect against market loss.

The Hancock Horizon Family of Funds are available to U.S. investors only and are not available in all states.

The Hancock Horizon Family of Funds is distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA 19456), which is not affiliated with Hancock Whitney Corporation, or any of its affiliates. 

Carefully consider the Funds' investment objectives, risks, charges and expenses before investing. This and other information, including performance, can be found in the Funds' full or summary prospectus, which may be obtained by clicking here for a prospectus or by calling 1-800-990-2434 or writing to Hancock Horizon Funds, 2285 Lakeshore Drive, Building 4, New Orleans LA, 70122 for a prospectus. Please read the prospectus carefully before you invest or send money.

Mutual fund investing involves risk including loss of principal.

Investments in smaller companies typically exhibit higher volatility. Microcap companies have a higher risk of failure and typically experience a greater degree of volatility. Investing in microcap companies may not be appropriate for all investors.

International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from social, economic or political instability in other nations. In emerging markets, these risks are heightened.

Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. Bond funds focusing on a single state may be subject to higher volatility. High yield bonds involve greater risks of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments.

REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations.

Narrowly focused investments typically exhibit higher volatility. Investments in commodities are subject to higher volatility than more traditional investments.

Mortgage-backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain mortgage-backed securities.

MLP's interests are all in a particular industry and the MLP will be negatively impacted by economic events adversely impacting that industry. The risks of investing in a MLP are generally those involved in investing in a partnership as opposed to a corporation, such as a limited control of management, limited voting rights and tax risks. MLP's may be subject to state taxation in certain jurisdictions, which will have the effect of reducing the amount of income paid by the MLP to its investors.

With short sales, your risk paying more for a security than you received from its sales. The risk of loss from a short sale is unlimited because the Fund must purchase the shorted security at a higher price to complete the transaction and there is no limit for the security price.

The use of leverage, options, swaps or derivatives has the potential to significantly increase the volatility and potential losses.

The Dynamic Asset Allocation fund’s investments in Underlying ETFs will subject it to substantially the same risks as those associated with the direct ownership of the securities held by such Underlying ETFs, and the Fund's investments in Underlying ETNs will subject it to credit risk.

Diversification may not protect against market loss.

The Hancock Horizon Family of Funds are available to U.S. investors only and are not available in all states.

The Hancock Horizon Family of Funds is distributed by SEI Investments Distribution Co. (1 Freedom Valley Drive, Oaks, PA 19456), which is not affiliated with Hancock Whitney Corporation, or any of its affiliates.