2021 Estimated Capital Gains November 15, 2021
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 09/30/21
At A Glance
- Ticker HDPMX
- Total Net Assets $228.8 Million
- CUSIP 742935109
- Investment Approach Bottom Up, Fundamental
- Typical Cash Position < 10%
- Number of Holdings 47
- Minimum Investment $1,000
Risk Profile
LOW HIGHPerformance
| Returns (%) as of 9/30/2021 | QTD | 1 YR | 3 YR | 5 YR | 10 YR | SI |
|---|---|---|---|---|---|---|
| Hodges Fund | -5.73 | 61.59 | 10.10 | 10.42 | 14.63 | 10.18 |
| S&P 500® | 0.58 | 30.00 | 15.99 | 16.90 | 16.63 | 10.69 |
| Returns for greater than one year are annualized | Gross Expense Ratio | 1.41 | ||||
| Net Expense Ratio | 1.171 | |||||
Calendar Year
| Returns (%) as of 3/31/2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|
| Hodges Fund | 29.58 | 23.02 | -34.18 | 13.83 | 39.78 | -11.48 | 7.30 |
| S&P 500® | 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 9/30/2021 Top Ten Holdings
| Security | Ticker |
| MODERNA | MRNA |
| TEXAS PACIFIC LAND CORP | TPL |
| LUBY'S INC | LUB |
| AIRBNB INC | ABNB |
| GENERAL MOTORS CO | GM |
| REVOLVE GROUP INC | RVLV |
| MATADOR RESOURCES | MTDR |
| CALLAWAY GOLF CO | ELY |
| CLEVELAND-CLIFFS INC | CLF |
| BUILDERS FIRSTSOURCE INC | BLDR |
| Total | 37.51% |
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 of the Dallas based money management firm Hodges Capital Management. Craig … Read Full Bio |
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Eric J. Marshall, CFA
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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 2021 Review October 18, 2021
The third quarter of 2021 proved to be a choppy quarter for U.S. equity markets as stocks consolidated gains from the first half of 2021. Despite a challenging third quarter, most of our mutual fund strategies maintained meaningful outperformance relative to their respective benchmarks on a year-to-date basis.
The Case for Small Caps CNBC / September 7, 2021
Eric Marshall, The Hodges Small Cap Fund co-portfolio manager, joins ‘Power Lunch’ to discuss why he says now is the time to own small caps.
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.
Shareholders should refer to the summary prospectus dated July 29, 2020, as supplemented, September 8, 2020, for specific details related to the reduction of fees.
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.