Risk Profile
LOW HIGH| Returns (%) as of 6/30/2022 | QTD | 1 YR | 3 YR | 5 YR | 10 YR | SI |
|---|---|---|---|---|---|---|
| Small Intrinsic Value Fund | -11.17 | -4.94 | 15.97 | 8.61 | -- | 8.28 |
| Russell 2000® | -17.20 | -25.20 | 4.21 | 5.17 | -- | 7.24 |
| Russell 2000® Value Return | -15.28 | -16.28 | 6.18 | 4.89 | -- | 5.86 |
| Returns for greater than one year are annualized | Gross Expense Ratio | 2.48 | ||||
| Net Expense Ratio | 1.291 | |||||
| Returns (%) as of 12/31/2021 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|
| Small Intrinsic Value Fund | 44.09 | 6.60 | 29.42 | -22.68 | 8.76 | 19.76 | -0.83 | 12.04 |
| Russell 2000® | 14.82 | 19.96 | 25.52 | -11.01 | 14.65 | 21.31 | -4.41 | 4.89 |
| Russell 2000® Value Return | 28.27 | 4.63 | 22.39 | -12.86 | 7.84 | 31.74 | -7.47 | 4.22 |
1The 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 fund imposes a 1.00% redemption fee on 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.
| Security | Ticker |
|---|---|
| STRATUS PROPERTIES INC | STRS |
| SILICON MOTION TECHNOLOGY | SIMO |
| HIGHPEAK ENERGY INC | HPK |
| LEGATO MERGER CORP | LGTO |
| HORACE MANN EDUCATORS | HMN |
| CHORD ENERGY CORP | CHRD |
| KIMBALL ELECTRONICS INC | KE |
| CLEVELAND-CLIFFS INC | CLF |
| EAGLE MATERIALS INC | EXP |
| COMMERCIAL METALS CO | CMC |
| Total | 32.91% |
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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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 |
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Christopher R. Terry, CFA, CIPM
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Chris Terry, CFA, CIPM is Vice President, Portfolio Manager and Senior Research Analyst for Hodges Capital Manageme … Read Full Bio |
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Derek R. Maupin
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Derek serves as Vice President, Portfolio Manager and Sr. Research Analyst of Hodges Capital Management. He is the … Read Full Bio |
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.
Volatility once again returned to U.S. stocks in the First Quarter of 2022, as global economic uncertainty arose from inflationary pressures, supply chain challenges, and the Russian invasion of Ukraine. Despite eye-popping inflation numbers and the likelihood of several interest rate increases this year, the S&P 500 Index posted a modest loss of 4.6% in the recent quarter.
Although every year has its unique challenges, 2021 had no shortages of uncertainties to navigate, including an ongoing global pandemic, supply chain disruptions, port congestion, labor shortages, inflationary cost pressures, and a polarizing political backdrop. Nevertheless, the market climbed another wall of worry as an abundance of liquidity found its way into U.S. equities as well as most asset classes in 2021.
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 Russell 2000 Value is a subset of the Russell 2000 Index. It represents companies with a lower price-to-book ratios and lower forecasted growth values. It is not possible to invest directly in an index.