Why invest in the Hodges Small Intrinsic Value Fund?
- Small value fund focused on investing in companies that have an attractive market price relative to underlying asset value, earnings power, dividend yield, or the potential for a turnaround in business fundamentals.
- The Fund may also invest in companies with mispriced or misunderstood deep, intrinsic value but lacking a near term catalyst to unlock that value. These investments may require a longer time horizon.
- The Fund has historically been skewed towards micro cap stocks.
At A Glance
- Ticker HDSVX
- Total Net Assets $107 Million
- CUSIP 74316J318
- Investment Approach Bottom Up, Fundamental
- Typical Cash Position < 10%
- Number of Holdings 56
- Minimum Investment $1000
- Benchmark Russel 2000 Value
Risk ProfileLOW HIGH
|Returns (%) as of 12/31/2016||QTD||1 YR||3 YR||5 YR||10 YR||SI|
|Small Intrinsic Value Fund||13.26||19.76||9.99||--||--||9.83|
|Russell 2000 Value||14.07||31.74||8.31||--||--||8.30|
|Returns for greater than one year are annualized||Gross Expense Ratio||1.43|
|Net Expense Ratio||1.29*|
|Returns (%) as of 12/31/2016||2016||2015||2014||2013**||2012||2011||2010|
|Small Intrinsic Value Fund||19.76||-0.83||12.04||-0.30||--||--||--|
|Russell 2000 Value||31.74||-7.47||4.22||34.52||--||--||--|
*The Advisor has contractually agreed to reduce its fees at least until July 31, 2017.
**Not a full calendar year.
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
- Record Date: 12/09/15
- Ex-Date & Payable Date: 12/10/15
- Net Investment Income: $0.01381523/share
as of 12/31/2016 Top Ten Holdings
|Triumph Bancorp Inc||TBK|
|Sportsmans Warehouse Holdings Inc||SPWH|
|Dycom Industries Inc||DY|
|Hilltop Holdings Inc||HTH|
|Cypress Semiconductor Corp||CY|
|G-III Apparel Group Ltd||GIII|
|Veritex Holdings Inc||VBTX|
|Blue Bird Corp||BLBD|
|Tower Semiconductor Corp||TSEM|
Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Craig D. Hodges
Craig Hodges is co-founder and principal at Dallas based money management firm Hodges Capital Management. Craig and …Read Full Bio
Eric J. Marshall, CFA
Eric J. Marshall, CFA currently serves as the President and Director of Research for Hodges Capital Management. Er …Read Full Bio
Christopher R. Terry, CFA
Chris serves as Vice President and Sr. Research Analyst of Hodges Capital Management. He is the co-manager of the H …Read Full Bio
Derek R. Maupin
Derek serves as Vice President and Sr. Research Analyst of Hodges Capital Management. He is the co-manager of the H …Read Full Bio
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. These risks increase for emerging markets. The fund may also make short sales of securities, which involves the risk that losses may exceed the original amount invested. The fund may also use options and future contracts, which have the risks of 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. These risks may be greater than risks associated with more traditional investments. Value investing carries the risk that the market will not recognize a security’s inherent value for a long time, or that a stock judged to be undervalued may actually be appropriately priced or overvalued.
The Russell 2000 Value Index measures the performance of small-cap value segment of the U.S. equity universe.