Eric Marshall discusses the investment approach for the Hodges Small Intrinsic Value Fund. He believes that over the long run, the key is owning value and finding opportunities that may be less obvious to the market.Read source Article
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.
Earnings growth is not a measure of the Fund’s future performance.
Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Click here for holdings in the Hodges Small Intrinsic Value Fund as of most recent quarter-end.
Nothing contained on this communication constitutes tax, legal, or investment advice. Investors must consult their tax advisor or legal counsel for advice and information concerning their particular situation.
The IBD 2017 Best Mutual Fund Awards recognize top-notch funds that beat benchmark indexes in both short- and long-term comparisons. To make the cut, a mutual fund had to outperform in each of the last one-, three-, five- and 10-year periods, through Dec. 31, 2016.
As of 12/31/16, S&P 500 Index Total Returns for 1 year: 11.96% and 3 years: 8.87%; Hodges Small Intrinsic Value Fund returns for 1 year: 21.30% and 3 years: 11.41%.
As of 6/30/17, S&P 500 Index Total Returns for 1 year: 17.90% and 3 years: 9.61%; Hodges Small Intrinsic Value Fund returns for 1 year: 19.98% and 3 years: 9.61%; Morningstar Small Blend Category returns for 1 year: 20.94% and 3 years: 5.69%. Morningstar Small Blend Category represents an average of all of the funds in the Morningstar Small Blend Category.
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. The fund imposes a 1.00% redemption fee on shares held less than 30 days. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced. The gross expense ratio is 1.43%.
The IBD 85-85 is a computer-generated stock list published in the IBD paper every Friday based on the following criteria: 1) price above $15; 2) stock price within 15% of its 52-week high; 3) EPS and relative strength rating of 85 or greater; 4) average daily trading volume of 10,000 shares or more. The number of stocks in the list varies week-to-week according to the number of stocks that meet the list's criteria.
The S&P 500 Index is a broad based unmanaged index of 500 stocks, which is widely recognized as a representative of the equity market in general.
One cannot invest directly in an index.
Definitions of Terms:
Alpha is a measure of performance on a risk-adjusted basis.
Earnings Per Share (EPS): the portion of a company’s profit allocated to each outstanding share of common stock. Earnings per share serves as an indicator of a company’s profitability.
Market cap is the market price of an entire company, calculated by multiplying the number of shares outstanding by the price per share.
Price to Earnings (P/E) Ratio is a common tool for comparing the prices of different common stocks and is calculated by dividing the current market price of a stock by the earnings per share. The P/E ratio is not a measure of future performance or growth.
Real Estate Investment Trust (REIT) is a security that sells like a stock on the major exchanges and invests in real estate directly, either through properties or mortgages.