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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

$18.67

Daily Change

$0.03

Daily % Change

0.16%

Performance

Returns (%) as of 09/30/2024 1 MO 3 MO YTD 1 YR 3 YR 5 YR 10 YR Since Inception
Hodges Small Intrinsic Value Fund 0.97 5.54 3.99 15.92 7.11 13.05 8.88 8.73
Russell 2000 Value Total Return 0.06 10.15 9.22 25.88 3.77 9.29 8.22 7.15
S&P 500 Index 2.14 5.89 22.08 36.35 11.91 15.98 13.38 13.25
Returns for greater than one year are annualized Gross Expense Ratio 1.63
Inception date: 12/26/2013 Net Expense Ratio 1.29*
Returns (%) as of 09/30/2024 3 MO YTD 1 YR 3 YR 5 YR 10 YR Since Inception
Hodges Small Intrinsic Value Fund 5.54 3.99 15.92 7.11 13.05 8.88 8.73
Russell 2000 Value Total Return 10.15 9.22 25.88 3.77 9.29 8.22 7.15
S&P 500 Index 5.89 22.08 36.35 11.91 15.98 13.38 13.25
Calendar Year Returns % 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014
Hodges Small Intrinsic Value Fund 18.32 -9.83 44.09 6.60 29.42 -22.68 8.76 19.76 -0.83 12.04
Russell 2000 Total Return 16.93 -20.44 14.82 19.96 25.52 -11.01 14.65 21.31 -4.41 4.89
Russell 2000 Value Total Return 14.65 -14.48 28.27 4.63 22.39 -12.86 7.84 31.74 -7.47 4.22

 *The 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.
AT A GLANCE as of 09/30/24
Ticker HDSVX
Total Net Assets $63.6 Million
CUSIP 664925 50 0
Investment Approach Bottom Up, Fundamental
Typical Cash Position < 10%
Number of Holdings 46
Minimum Investment $1,000
Fact Sheet

Holdings
Top Ten Holdings as of 06/30/2024
Security Ticker
Eagle Materials Inc EXP
Shoe Carnival SCVL
Sunoptia Inc STKL
Banc of California Inc BANC
Triumph Financial Inc TFIN
Ethan Allen Interiors ETH
Taylor Morrison Home Corp TMHC
Texas Capital Bancshares Inc TCBI
Halozyme Therapeutics Inc HALO
Home Bancshares Inc HOMB
Top 10 Total 33.51%

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
Tailored Shareholder Report - Institutional Class
September 30, 2024
Tailored Shareholder Report - Retail Class
September 30, 2024
Full Holdings
1Q Holdings
3Q Holdings
Year-End Distribution Estimates
Annual Proxy Voting

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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Eric J. Marshall
PORTFOLIO MANAGER
Details
1482350417_Terry-Chris-1231-1
Christopher R. Terry
PORTFOLIO MANAGER
Details
1482350327_Maupin-Derek-6645-1
Derek R. Maupin
PORTFOLIO MANAGER
Details
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Fact Sheet
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Mutual Funds
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Fund Commentary
 

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2905 Maple Avenue
Dallas, TX 75201
 
Hodges Funds Customer Service: (866)-811-0224
Hodges Mutual Fund Sales: (888)-878-4426
 
Resources & Applications

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        Mutual fund investing involves risk. Principal loss is possible. 

        Hodges Capital Management (HCM) is the adviser to the Hodges Funds, which are distributed by Northern Lights 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. You may obtain a free hard-copy version by calling 1-866-811-0224 or by clicking this link. Read it carefully before investing. 

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