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Small Intrinsic Value Fund (HDSVX)

 

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, 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.

Daily Nav

$17.39

Daily Change

$0.21

Daily % Change

1.22%

Performance

Returns (%) as of 11/30/2023 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR Since Inception
Hodges Small Intrinsic Value Fund 5.33 -5.62 4.22 -2.31 12.69 9.84 7.68
Returns for greater than one year are annualized Gross Expense Ratio 1.87
Inception date: 12/26/2013 Net Expense Ratio 1.291
Returns (%) as of 09/30/2023 3 MO YTD 1 YR 3 YR 5 YR 10 YR Since Inception
Hodges Small Intrinsic Value Fund -3.12 6.15 13.42 20.83 7.19 8.02
Russell 2000 Total Return -5.13 2.54 8.93 7.16 2.40 6.65 5.92
Russell 2000 Value Total Return -2.96 -0.53 7.84 13.32 2.59 6.19 5.39
Calendar Year Returns % 2022 2021 2020 2019 2018 2017 2016 2015 2014
Small Intrinsic Value Fund -9.83 44.09 6.60 29.42 -22.68 8.76 19.76 -0.83 12.04
Russell 2000 Total Return Index -20.44 14.82 19.96 25.52 -11.01 14.65 21.31 -4.41 4.89
Russell 2000 Value Total Return -14.48 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 September 30, 2025.

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. The fund imposes a 1.00% redemption fee on retail class shares held less than 30 days and 60 days for institutional class shares. 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.

Fact Sheet

Holdings

Top Ten Holdings as of 09/30/2023
Security Ticker
US Dollar CASH
Eagle Materials Inc EXP
Triumph Financial Inc TFIN
Vista Outdoor Inc VSTO
Shoe Carnival SCVL
Chord Energy Corp CHRD
Hilltop Holdings HTH
Taylor Morrison Home Corp TMHC
Ethan Allen Interiors ETH
Texas Capital Bancshares TCBI
Top 10 Total 36.20%

Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.

Additional Resources

Prospectus
Summary Prospectus
SAI
Annual Report
Semi Annual Report
Full Holdings
1Q Holdings
3Q Holdings
Year-End Distribution Estimates

The Russel 2000 Value Return is a subset of the The Russel 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. 

Portfolio Management

Our collegial and entrepreneurial culture attracts assertive and driven individuals. The Hodges investment process is a collaborative effort that leverages each team member’s efforts. We are proud to say that each tenured member of the investment team owns a piece of the firm and invests alongside our clients.

 

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Fact Sheet
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Mutual Funds
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Fund Commentary
 

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