For Immediate Release
For more information contact:
Melissa Murphy, VP
Clark Hodges, CMO
Hodges Fund Lowers Expense Ratio
April 24, 2017 Dallas, TX – Hodges Fund has voluntarily reduced its fees for investors. The new net expense ratio, which is the fee an investor pays, is 1.18% for retail shares (HDPMX) and 0.93% for institutional shares (HDPIX). The gross expense ratios are 1.30% and 1.05% respectively. The Advisor, Hodges Capital, has contractually agreed to reduce its fees and/or pay fund expenses until at least July 31, 2018. These reductions are expected to result in making the fund available to a broader base of advisors and investors.
“We realize that cost can be a significant factor for many investors. Our board and management have responded by voting to lower the Hodges Fund’s expense ratio to attempt to benefit financial advisors and investors,” said Craig Hodges, chief executive officer and portfolio manager at Hodges Funds.
“Hodges Fund is one of our top-rated funds. This change could result in making the fund available on many more platforms for both advisors and the clients they serve,” he added. The expense ratio reduction became effective April 1, 2017.
Morningstar has ranked the Hodges Fund in the top 1 percentile of the mid-cap growth fund category for both the 1 and 5 year periods and 74 for 10 years among 590, 462 and 339 funds, respectively, as of 3/31/2017, based on total return.
“The Hodges Fund is actively managed and follows a flexible, core equity style strategy that allows us to seek opportunities in both growth and value companies regardless of market capitalization. Its Morningstar category, Mid Cap Growth, reflects our historic tendency toward smaller and mid-sized companies. Our research has led us to believe that these companies offer the most compelling opportunities,” added Hodges.
Hodges has been a manager for the fund since 1999, beginning his career in the securities business in 1986, 30 years ago. Co-manager, Eric Marshall, CFA, joined the firm in 1997. He also serves as the firm’s director of research.
Hodges Fund was launched in October, 1992. It is one of six mutual funds operated by family and employee owned Hodges Capital Management. This boutique asset management firm follows a private equity approach to investing in public markets, characterized by in-depth proprietary research into industries, sectors and specific companies. Ten investment professionals – portfolio managers and research analysts – support each fund offered by Hodges.
About Hodges Capital Management
Since its founding in 1992, the Hodges Funds have offered long only, public equity exposure.
- The Advisor, Hodges Capital Management, was founded by Don and Craig Hodges and is based in Dallas, TX. The firm is family and employee owned and operated.
- Our portfolio managers have an average of more than 25 years of experience in the investment industry: Craig Hodges, 30 years, Gary Bradshaw, 30 years and Eric Marshall, 19 years.
Past performance does not guarantee future results.
Mutual fund investing involves risk. Principal loss is possible.
The fund invests in smaller companies, which involves additional risks such as limited liquidity and greater volatility. The Fund invests in foreign securities which involves greater volatility and political, economic and currency risks and differences in accounting methods. The fund may also make short sales of securities, which involves the risk that losses may exceed the original amount invested.
The Morningstar category listed represents a universe of funds with similar objectives. ©2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
Morningstar Numeric Rankings represent a fund’s total return rank relative to all funds that have the same Morningstar Category. Percentile ranking is based on the total number of funds ranked and the Morningstar total return, which includes both income and capital gains or losses and is not adjusted for sales charges or redemption fees. The highest percentile rank is 1 and the lowest is 100.