Risk Profile
LOW HIGH| Returns (%) as of 6/30/2017 | QTD | 1 YR | 3 YR | 5 YR | 10 YR | SI |
|---|---|---|---|---|---|---|
| Small Intrinsic Value Fund | 0.62 | 19.98 | 5.60 | -- | -- | 7.82 |
| Returns for greater than one year are annualized | Gross Expense Ratio | 1.43 | ||||
| Net Expense Ratio | 1.31* | |||||
| 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 | -- | -- | -- |
*The Advisor has contractually agreed to reduce its fees at least until July 31, 2017. Investors pay the net expense ratio.
**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
There was no distribution in 2016.
| Security | Symbol |
|---|---|
| LGI Homes, Inc. | LGIH |
| Tristate Capital Holdings, Inc. | TSC |
| Tower Semiconductor Ltd. | TSEM |
| Dycom Industries, Inc. | DY |
| Triumph Bancorp, Inc. | TBK |
| Sportsmans Warehouse Holdings Inc. | SPWH |
| Kapstone Paper & Packaging Corp. | KS |
| Cooper Tire & Rubber Co. | CTB |
| Blue Bird Corp. | BLBD |
| Steve Madden Ltd. | SHOO |
| Total | 31.46% |
Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.
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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 |
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Gary Bradshaw, MBA
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Gary serves as Senior Vice President of Hodges Capital Management. He is the co-manager of four of the Hodges Funds … Read Full Bio |
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Christopher R. Terry, CFA
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Chris serves as Vice President and Sr. Research Analyst of Hodges Capital Management. He is the co-manager of the H … Read Full Bio |
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Derek R. Maupin
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Derek serves as Vice President and Sr. Research Analyst of Hodges Capital Management. He is the co-manager of the H … Read Full Bio |
Eric Marshall says he’s looking at unloved areas of the market such as industrials, materials, and consumer discretionary. He thinks investors could find value opportunities in those areas.
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 Morningstar category listed represents a universe of funds with similar objectives. ©2017 Morningstar, Inc. All Rights Reserved.