2022 Estimated Capital Gains November 28, 2022
Estimated capital gains for Hodges Fund, Hodges Small Cap Fund, Hodges Blue Chip Equity Income Fund, and Hodges Small Intrinsic Fund.
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 09/30/22
At A Glance
- Ticker HDPMX
- Total Net Assets $128.6 Million
- CUSIP 742935109
- Investment Approach Bottom Up, Fundamental
- Typical Cash Position < 10%
- Number of Holdings 35
- Minimum Investment $1,000
Risk Profile
LOW HIGHPerformance
| Returns (%) as of 9/30/2022 | QTD | 1 YR | 3 YR | 5 YR | 10 YR | SI |
|---|---|---|---|---|---|---|
| Hodges Fund | 0.12 | -28.19 | 6.50 | 0.98 | 8.68 | 8.62 |
| S&P 500® | -4.88 | -15.47 | 8.16 | 9.24 | 11.70 | 9.70 |
| Returns for greater than one year are annualized | Gross Expense Ratio | 1.35 | ||||
| Net Expense Ratio | 1.171 | |||||
Calendar Year
| Returns (%) as of 12/31/2021 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|
| Hodges Fund | 29.50 | 29.58 | 23.02 | -34.18 | 13.83 | 39.78 | -11.48 | 7.30 |
| S&P 500® | 28.71 | 18.40 | 31.49 | -4.38 | 21.83 | 11.96 | 1.38 | 13.69 |
1 The Advisor has contractually agreed to reduce its fees at least until July 31, 2023.
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 (866) 811 0224, or visiting www.hodgesfunds.com for quarterly performance. The fun imposes a 1.00% redemption fee on retail class shares held less than 30 days. Performance data does not reflect the redemption fee. If reflected, total return would be reduced. Performance reflected is net of all other fees and expenses.
Holdings
as of 9/30/2022 Top Ten Holdings
| Security | Ticker |
| TEXAS PACIFIC LAND CORP | TPL |
| MATADOR RESOURCES CO | MTDR |
| CHESAPEAKE ENERGY CORP | CHK |
| ON SEMICONDUCTOR | ON |
| UBER TECHNOLOGIES INC | UBER |
| ENCORE WIRE CORP | WIRE |
| TOPGOLF CALLAWAY BRANDS | MODG |
| CLEVELAND-CLIFFS INC | CLF |
| CYBERARK SOFTWARE | CYBR |
| COMMERCIAL METALS CO | CMC |
| Total | 51.02% |
Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Portfolio Managers
|
Craig D. Hodges
|
|
Craig Hodges is co-founder and principal of the Dallas based money management firm Hodges Capital Management. Craig … Read Full Bio |
|
Eric J. Marshall, CFA
|
|
Eric J. Marshall, CFA, currently serves as President, Co-Chief Investment Officer, and Director of Research for Hod … Read Full Bio |
Commentary & News
Manager’s Commentary - Third Quarter 2022 Review October 13, 2022
U.S. stocks experienced a dramatic sell-off that accelerated in the final weeks of the third Quarter of 2022, as global economic uncertainty arose from inflationary pressures and the Fed hiked interest rates at the fastest pace in forty years.
Manager’s Commentary - Second Quarter 2022 Review July 13, 2022
U.S. stocks entered bear market territory in the Second Quarter of 2022, as global economic uncertainty arose from inflationary pressures. While the recent turbulence in financial markets has been unsettling, three of the four Hodges Mutual Funds have maintained positive year-to-date returns relative to their respective benchmarks as of June 30, 2022.
Mutual fund investing involves risk. Principal loss is possible. Hodges Capital Management (HCM) is the adviser to the Hodges Funds, which are distributed by Quasar Distributors, LLC. -The funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. The summary and statutory prospectuses contain this and other information about the investment company and can be found on this web page or by calling 1-866-811-0224.
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.