Stock and Sector Picks November 12, 2019
Craig Hodges shares his insight on the market in light of recent tariff talks. He sees the most opportunity in the small, forgotten parts of the market like housing and energy.
Why invest in the Hodges Fund?
- Core equity fund that invests in publicly traded companies ranging from large,
blue chip companies to undiscovered small cap companies. - Combines multiple investment themes and gives the manager the flexibility to invest where they see value regardless of company size.
as of 09/30/19
At A Glance
- Ticker HDPMX
- Total Net Assets $159.9 Million
- CUSIP 742935109
- Investment Approach Bottom Up, Fundamental
- Typical Cash Position < 10%
- Number of Holdings 33
- Minimum Investment $1,000
Risk Profile
LOW HIGHPerformance
| Returns (%) as of 9/30/2019 | QTD | 1 YR | 3 YR | 5 YR | 10 YR | SI |
|---|---|---|---|---|---|---|
| Hodges Fund | -4.93 | -20.02 | -0.81 | 0.85 | 8.92 | 8.86 |
| S&P 500® Total Return | 1.70 | 4.25 | 13.39 | 10.84 | 13.24 | 9.87 |
| Returns for greater than one year are annualized | Gross Expense Ratio | 1.34 | ||||
| Net Expense Ratio | 1.18* | |||||
Calendar Year
| Returns (%) as of 12/31/2018 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|
| Hodges Fund | -34.18 | 13.83 | 39.78 | -11.48 | 7.30 | 57.24 | 16.07 |
| S&P 500® | -4.38 | 21.83 | 11.96 | 1.38 | 13.69 | 32.39 | 16.00 |
*The Advisor has contractually agreed to reduce its fees at least until July 31, 2020. Investors pay the net expense ratio.
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 retail class shares held less than 30 days and 60 days for institutional class shares. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.
Additional Resources
Distribution Information
- Record Date:12/12/18
- Ex-Date & Payable Date:12/13/18
- Ordinary Income Rate:Zero
- Short-Term Capital Gains Rate:2.97299/share
- Long-Term Capital Gains Rate:0.19574/share
Holdings
as of 9/30/2019 Top Ten Holdings
| Security | Symbol |
|---|---|
| COMMERCIAL METALS CO | CMC |
| TEXAS PACIFIC LAND TRUST | TPL |
| TWITTER INC | TWTR |
| AMERICAN AIRLINES GROUP INC | AAL |
| AT HOME GROUP INC | HOME |
| GOGO INC | GOGO |
| CAPRI HOLDINGS LTD | CPRI |
| CLEVELAND CLIFFS INC | CLF |
| EAGLE MATERIALS INC | EXP |
| U S CONCRETE INC | USCR |
| Total | 45.97% |
Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Portfolio Managers
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Craig D. Hodges
|
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Craig Hodges is co-founder and principal at Dallas based money management firm Hodges Capital Management. Craig and … Read Full Bio |
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Eric J. Marshall, CFA
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Eric J. Marshall, CFA currently serves as the President and Director of Research for Hodges Capital Management. Er … Read Full Bio |
Commentary & News
Seeking the Best Upside Potential Relative to Downside Risk The Wall Street Transcript / October 7, 2019
Eric Marshall discusses the Hodges Small Cap Fund and says he looks for names that are overlooked by Wall Street. He appreciates the ability to think objectively and independently in order to create value for investors through a bottom-up investment approach.
Stocks Give Up Earlier Gains Yahoo! Finance / September 19, 2019
Discussing value versus growth stocks, Eric Marshall thinks value stocks need to catch up. He says being located in Dallas allows for a different perspective than Wall Street on overlooked companies and that small-caps don’t seem to be as affected by trade.
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 Standard & Poor’s 500 is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ. It is not possible to invest directly in an index.