Risk Profile
LOW HIGH| Returns (%) as of 9/30/2018 | QTD | 1 YR | 3 YR | 5 YR | 10 YR | SI |
|---|---|---|---|---|---|---|
| Small Intrinsic Value Fund | 0.56 | 7.35 | 10.69 | -- | -- | 8.89 |
| Returns for greater than one year are annualized | Gross Expense Ratio | 1.38 | ||||
| Net Expense Ratio | 1.29* | |||||
| Returns (%) as of 12/31/2017 | 2017 | 2016 | 2015 | 2014 | 2013** | 2012 | 2011 |
|---|---|---|---|---|---|---|---|
| Small Intrinsic Value Fund | 8.76 | 19.76 | -0.83 | 12.04 | -0.30 | -- | -- |
*The Advisor has contractually agreed to reduce its fees at least until July 31, 2019. 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
| Brunswick Corp | BC |
| Cleveland Cliffs Inc | CLF |
| Commercial Metals Co | CMC |
| Covenant Trans Inc - Cl A | CVTI |
| Eagle Materials Inc | EXP |
| Hawaiian Holdings Inc | HA |
| Integrated Device Technology C | IDTI |
| Seaspine Hldgs Corp | SPNE |
| Tillys Inc | TLYS |
| U S Concrete Inc | USCR |
| Total | 34.93 |
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 the President and Director of Research for Hodges Capital Management. Er … 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 discusses the market outlook for 2018. He sees opportunities in consumer stocks such as retailers, restaurants, transportation and regional banks. He’s bullish on retail as companies transition to online shopping and materials as the U.S. looks to rebuild infrastructure following the hurricanes in the fall.
Craig Hodges discusses the impact of potential tax and regulatory reform on the IPO market. He believes there is more money in the marketplace than there are places to invest it as companies tend to remain private in the current environment.
Eric Marshall discusses the investment approach for the Hodges Small Intrinsic Value Fund. He believes that over the long run, the key is owning value and finding opportunities that may be less obvious to the market.
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.