In this "Take a Fresh Look" section, Eric Marshall reflects and comments on the purchase of Trinity Industries last summer.
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.
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.
Diversification does not assure a profit, nor does it protect against a loss in a declining market.
Click here for the most recent Hodges Small Cap Fund holdings.
Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.
Earnings growth is not a measure of the Fund’s future performance.
Hodges Small Cap Fund (HDPSX) Performance as of 3/31/16:
1 year: -15.18%, 3 year: 6.03% 5 year: 9.34%, Since Inception (12/18/07): 8.74%. Gross Expense Ratio: 1.32%.
Russell 2000 Index Performance as of 3/31/16:
1 year: -9.76%, 3 year: 6.84%, 5 year: 7.20%, Since Inception (12/18/07): 6.31%.
The Russell 2000 Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000 Index, as ranked by market capitalization.
One cannot invest directly in an index.
Definitions of Terms:
Book to Bill Ratio: The ratio of orders received to the amount billed for a specific period, usually one month or one quarter.
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: A measure by which we can classify a company’s size. It is the market value of a company’s outstanding shares.