These stock plays are bargains CNBC / September 1, 2017
Craig Hodges sees healthy signs in this narrow market. He believes there are a lot of opportunities and shares his insight on a couple of value stock picks.
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.
as of 06/30/17
At A Glance
- Ticker HDSVX
- Total Net Assets $109.8 Million
- CUSIP 74316J318
- Investment Approach Bottom Up, Fundamental
- Typical Cash Position < 10%
- Number of Holdings 48
- Minimum Investment $1000
Risk Profile
LOW HIGHPerformance
| 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* | |||||
Calendar Year
| 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, 2018. 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
Additional Resources
Distribution Information
- Record Date: 12/09/15
- Ex-Date & Payable Date: 12/10/15
- Net Investment Income: $0.01381523/share
There was no distribution in 2016.
Holdings
as of 6/30/2017 Top Ten Holdings
| 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.
Portfolio Managers
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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 |
Commentary & News
Will US market benefit from tax reform? Fox Business / August 7, 2017
Craig Hodges says the market has been resilient despite the lack of progress with US tax reform. He sees tax reform as game-changer for the economy and stock market, especially small-cap companies.
This has been an incredibly narrow market CNBC / August 1, 2017
As the Dow hovers near a record 22,000, Craig Hodges says it’s been an incredibly narrow market with mispriced stocks and what he sees as disconnects. He thinks the rotation out of the momentum stocks and into some of the laggards is healthy.
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.