Hodges Small Cap Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
5.1%
1 yr return
19.2%
3 Yr Avg Return
2.0%
5 Yr Avg Return
9.9%
Net Assets
$180 M
Holdings in Top 10
37.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.15%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 67.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/02/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HDSIX - Profile
Distributions
- YTD Total Return 5.1%
- 3 Yr Annualized Total Return 2.0%
- 5 Yr Annualized Total Return 9.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.35%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHodges Small Cap Fund
-
Fund Family NameLifegoal ETFs
-
Inception DateDec 15, 2008
-
Shares Outstanding1998476
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric Marshall
Fund Description
Principal Investment Strategies. Under normal market conditions, the Small Cap Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the stocks of small capitalization (“small cap”) companies. The Small Cap Fund defines small cap companies as those whose market capitalization, at the time of purchase, are consistent with the market capitalizations of companies in the Russell 2000® Index. As of the last reconstitution date, April 28, 2023, the market capitalization of companies in the Russell 2000® Index ranged from $159.5 million to $6.0 billion. The Adviser seeks to buy securities of companies that it believes are undervalued, under-followed and/or offer above-average growth prospects. The remaining 20% of the Fund’s net assets may be invested in the stocks of micro, mid and/or large capitalization companies, U.S. government securities and other investment companies, including exchange-traded funds (“ETFs”). Although most of the Fund’s securities will be domestic, the Fund may invest up to 25% of its net assets in equity securities of foreign issuers, including those in emerging markets, which may include both direct investments and investments in U.S. dollar denominated foreign securities, and in American Depositary Receipts (“ADRs”), European Depositary Receipts (“EDRs”) and Global Depositary Receipts (“GDRs”) consistent with the Fund’s investment objective. From time to time, the Fund may engage in short sale transactions with respect to 10% of its net assets. The Fund uses a “bottom-up” approach in investing. The Fund also may invest in money market instruments and may, from time to time, purchase put and call options on U.S. traded stocks, currencies or security indices. The Fund may also sell options purchased and write “covered” put and call options. The Small Cap Fund is permitted to invest up to 10% of its net assets in securities futures and options.
The Adviser considers selling a security in the Small Cap Fund’s portfolio if the Adviser believes that security has become overvalued or has reached its growth potential. In addition, in an attempt to increase the Small Cap Fund’s tax efficiency or to satisfy certain tax diversification requirements, the Adviser may take tax considerations into account in deciding whether or when to sell a particular security. The Small Cap Fund’s portfolio turnover could exceed 100% in a given year. A high turnover may result in the realization and distribution of capital gains, as well as higher transaction costs. The Fund may, from time to time, have significant exposure to one or more sectors of the market. As of March 31, 2023, 31.9% of the Predecessor Small Cap Fund’s net assets were invested in securities within the consumer cyclical sector.
Note: Because there are practical limits to the amount of small cap assets that can be effectively managed, the Small Cap Fund will close to new investors when it reaches an asset size as determined by the Adviser to be too large to sustain additional assets. Shareholders will be provided 30 days’ written notice upon such conditions. If the Small Cap Fund closes to new investors, based on market conditions and other factors, it may reopen at a later date.
HDSIX - Performance
Return Ranking - Trailing
Period | HDSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -8.0% | 19.2% | 5.29% |
1 Yr | 19.2% | -13.0% | 54.7% | 35.22% |
3 Yr | 2.0%* | -10.7% | 38.4% | 22.72% |
5 Yr | 9.9%* | -14.1% | 29.9% | 8.93% |
10 Yr | 7.3%* | -2.9% | 16.7% | 51.43% |
* Annualized
Return Ranking - Calendar
Period | HDSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 9.6% | -19.9% | 29.0% | 72.11% |
2022 | -17.3% | -59.3% | 118.2% | 24.54% |
2021 | 15.0% | -31.6% | 39.3% | 29.46% |
2020 | 17.3% | -51.0% | 39.5% | 16.96% |
2019 | 8.3% | -5.6% | 37.8% | 94.98% |
Total Return Ranking - Trailing
Period | HDSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 5.1% | -8.0% | 19.2% | 5.29% |
1 Yr | 19.2% | -13.0% | 54.7% | 35.22% |
3 Yr | 2.0%* | -10.7% | 38.4% | 22.72% |
5 Yr | 9.9%* | -14.1% | 29.9% | 8.93% |
10 Yr | 7.3%* | -2.9% | 16.7% | 51.43% |
* Annualized
Total Return Ranking - Calendar
Period | HDSIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.1% | -11.7% | 31.8% | 64.40% |
2022 | -12.4% | -45.2% | 123.7% | 15.13% |
2021 | 36.4% | 0.0% | 47.7% | 2.81% |
2020 | 17.3% | -50.5% | 46.9% | 30.44% |
2019 | 17.0% | 2.1% | 43.7% | 96.79% |
NAV & Total Return History
HDSIX - Holdings
Concentration Analysis
HDSIX | Category Low | Category High | HDSIX % Rank | |
---|---|---|---|---|
Net Assets | 180 M | 529 K | 145 B | 71.72% |
Number of Holdings | 48 | 2 | 2519 | 92.70% |
Net Assets in Top 10 | 65.1 M | 120 K | 9.83 B | 51.64% |
Weighting of Top 10 | 37.23% | -2849.0% | 100.1% | 8.79% |
Top 10 Holdings
- MATADOR RESOURCE 5.69%
- EAGLE MATERIALS 4.64%
- SM ENERGY CO 3.99%
- ENCORE WIRE 3.91%
- CLEVELAND-CLIFFS 3.80%
- ELF BEAUTY INC 3.10%
- KIMBALL ELECTRON 3.08%
- TEXAS PACIFIC LA 3.06%
- TAYLOR MORRISON 3.05%
- HILLTOP HOLDINGS 2.92%
Asset Allocation
Weighting | Return Low | Return High | HDSIX % Rank | |
---|---|---|---|---|
Stocks | 99.56% | -565235.00% | 108.16% | 20.80% |
Cash | 0.44% | 0.00% | 565934.00% | 83.94% |
Preferred Stocks | 0.00% | 0.00% | 7.53% | 40.69% |
Other | 0.00% | -598.74% | 39.24% | 58.94% |
Convertible Bonds | 0.00% | 0.00% | 3.17% | 38.21% |
Bonds | 0.00% | -1.96% | 74.53% | 40.33% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HDSIX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 28.18% | 0.99% | 47.79% | 0.37% |
Energy | 16.64% | 0.00% | 37.72% | 0.55% |
Basic Materials | 16.02% | 0.00% | 18.66% | 0.74% |
Industrials | 11.80% | 2.46% | 37.42% | 97.23% |
Technology | 10.83% | 0.00% | 54.70% | 86.53% |
Healthcare | 5.67% | 0.00% | 26.53% | 92.80% |
Financial Services | 5.15% | 0.00% | 35.52% | 97.97% |
Consumer Defense | 3.86% | 0.00% | 18.87% | 62.55% |
Communication Services | 1.85% | 0.00% | 14.85% | 71.40% |
Utilities | 0.00% | 0.00% | 18.58% | 94.10% |
Real Estate | 0.00% | 0.00% | 29.43% | 97.42% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HDSIX % Rank | |
---|---|---|---|---|
US | 99.56% | -565235.00% | 108.16% | 17.34% |
Non US | 0.00% | 0.00% | 91.59% | 46.90% |
HDSIX - Expenses
Operational Fees
HDSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.15% | 0.01% | 38.45% | 42.39% |
Management Fee | 0.85% | 0.00% | 1.50% | 73.99% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.01% | 0.45% | N/A |
Sales Fees
HDSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
HDSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 1.00% | 2.00% | 78.72% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
HDSIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 67.00% | 1.00% | 314.00% | 72.90% |
HDSIX - Distributions
Dividend Yield Analysis
HDSIX | Category Low | Category High | HDSIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 43.31% | 88.69% |
Dividend Distribution Analysis
HDSIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annually | SemiAnnual | Annual |
Net Income Ratio Analysis
HDSIX | Category Low | Category High | HDSIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.35% | -2.40% | 2.49% | 81.73% |
Capital Gain Distribution Analysis
HDSIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 12, 2019 | $1.380 | OrdinaryDividend |
Dec 09, 2016 | $0.057 | OrdinaryDividend |
Dec 31, 2012 | $0.031 | OrdinaryDividend |
HDSIX - Fund Manager Analysis
Managers
Eric Marshall
Start Date
Tenure
Tenure Rank
Dec 18, 2007
14.46
14.5%
Eric J. Marshall, CFA, joined Hodges in 1997 and currently serves as President and Director of Research. Eric manages a number of investment portfolios and has 22 years experience in researching small cap stocks. He serves on the Board of Directors of Hodges Capital Holdings, Inc. Eric has a BA in finance from West Texas A&M and is a CFA Charterholder.
Gary Bradshaw
Start Date
Tenure
Tenure Rank
Dec 18, 2007
14.46
14.5%
Gary M. Bradshaw has been a portfolio manager with Hodges Capital Management since 2001, has 34 years of experience in the investment industry and serves as Senior Vice President. He serves on the Board of Directors of Hodges Capital Holdings, Inc. Gary earned his MBA from East Texas State University and his BS from Virginia Tech.
Craig Hodges
Start Date
Tenure
Tenure Rank
Dec 18, 2007
14.46
14.5%
Craig D. Hodges has been a portfolio manager with Hodges since 1999, where he has managed individual and institutional investment portfolios. He entered the securities business in 1986 after graduating from Baylor University with a degree in finance. He is Chief Investment Officer and Chief Executive Officer of the Hodges.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 49.61 | 7.05 | 2.58 |