Eric Marshall provides insight on 4 recent stock selections for the Hodges Small Cap Fund in the Q&A interview with Gregg Greenburg.Watch source Interview
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-866-811-0224
Click here for the Hodges Small Cap Fund performance for the most recent quarter- and calendar year-end.
Mutual fund investing involves risk. Principal loss is possible. The Funds may invest in small- and medium-capitalization companies, which involve additional risks such as limited liquidity and greater volatility. Investments in foreign securities and emerging markets involve greater volatility and political, economic and currency risks and differences in accounting methods. The use of options and future contracts have special risks such as unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. Funds that make short sales of securities involve the risk that losses may exceed the original amount invested. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Funds that are non-diversified are more exposed to individual stock volatility than a diversified fund. Investments in companies that demonstrate special situations or turnarounds, meaning companies that have experienced significant business problems but are believed to have favorable prospects for recovery, involve greater risk. While the Hodges Funds are no-load, management and other expenses still apply. Please refer to the prospectus for more information.
Earnings growth is not a measure of the Fund’s future performance.
Click here for the most recent Hodges Small Cap Fund holdings.
Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Diversification does not assure a profit, nor does it protect against a loss in a declining market.
For the periods ended 12/31/16, the Morningstar Small Cap Blend Category return was 19.34% for 1 year, 5.95% for 3 year and 13.41% for 5 year.
For the periods ended 12/31/2016, Morningstar ranked Hodges Fund (HDPMX) 1 among 605, 1 among 473 and 59 among 344 mid cap growth funds for the 1-, 5- and 10-year periods, respectively. Past performance does not guarantee future results. Morningstar rankings represent a fund’s total return percentile rank relative to all funds that have the same Morningstar Category. The highest percentile is 1 and the lowest is 100. It is based on Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees.
Definitions of Terms:
Consumer Cyclicals: A category of stocks that rely heavily on the business cycle and economic conditions. Consumer cyclicals include industries such as automotive, housing, entertainment and retail. The category can be further divided into durable and non-durable sections. Durable cyclicals include physical goods such as hardware or vehicles, while non-durables represent items like movies or hotel services.
EBITA is an acronym for earnings before interest, taxes and amortization. To calculate a company's EBITA, start with its earnings before tax (EBT), which can be found on the income statement, and add interest and amortization expenses back in. EBITA is a variation of the more commonly used EBITDA, which deducts depreciation expenses. Both are used to gauge a company's operating profitability, that is, the earnings it generates in the normal course of doing business, ignoring capital expenditures and financing costs. Both measures are sometimes considered indications of cash flow.