Hodges Small Intrinsic Value Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-1.6%
1 yr return
12.6%
3 Yr Avg Return
5.4%
5 Yr Avg Return
12.2%
Net Assets
$60.2 M
Holdings in Top 10
31.3%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.87%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 62.00%
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
HDSVX - Profile
Distributions
- YTD Total Return -1.6%
- 3 Yr Annualized Total Return 5.4%
- 5 Yr Annualized Total Return 12.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.09%
- Dividend Yield 0.6%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHodges Small Intrinsic Value Fund
-
Fund Family NameLifegoal ETFs
-
Inception DateDec 26, 2013
-
Shares Outstanding945322
-
Share ClassIndividual
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerEric Marshall
Fund Description
Principal Investment Strategies. The Small Intrinsic Value Fund employs a value strategy and invests, under normal market conditions, at least 80% of its net assets (plus any borrowings for investment purposes) in common and preferred stocks of small capitalization (“small cap”) companies. The Small Intrinsic Value 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® Value Index. As of the last reconstitution date, April 28, 2023, the market capitalization of companies in the Russell 2000® Value Index ranged from $159.5 million to $6 billion. The Small Intrinsic Value Fund will invest in companies where the Adviser believes their market prices do not reflect their true values. The Fund will typically seek to invest in companies that have a high amount of intrinsic asset value, low valuation multiples, or the potential for a turnaround in underlying revenue, earnings and/or cash flow.
Up to 20% of the Small Intrinsic Value 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 Small Intrinsic Value 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 Small Intrinsic Value Fund may engage in short sale transactions with respect to up to 10% of its net assets. The Small Intrinsic Value 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 Small Intrinsic Value Fund may also sell options purchased and write “covered” put and call options. The Small Intrinsic Value Fund is permitted to invest up to 10% of its net assets in securities futures and options.
The Small Intrinsic Value Fund uses a “bottom-up” approach in investing. The Fund invests in deep value situations that may sometimes require a longer time horizon. The Fund will typically seek to invest in companies that have a high amount of intrinsic asset value, low price to book ratios, above average dividend yields, low PE multiples, or the potential for a turnaround in the underlying fundamentals.
The Adviser will consider selling a security in the Small Intrinsic Value Fund’s portfolio, if the Adviser believes that security is no longer trading below its fair value or has reached its growth potential. In addition, in an attempt to increase the Small Intrinsic Value 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 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.
Note: Because there are practical limits to the amount of small cap assets that can be effectively managed, the Small Intrinsic Value 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 Intrinsic Value Fund closes to new investors, based on market conditions and other factors, it may reopen at a later date.
HDSVX - Performance
Return Ranking - Trailing
Period | HDSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -13.8% | 6.6% | 24.39% |
1 Yr | 12.6% | -5.6% | 30.6% | 35.48% |
3 Yr | 5.4%* | -14.1% | 66.2% | 12.33% |
5 Yr | 12.2%* | -4.5% | 46.9% | 5.51% |
10 Yr | 8.5%* | -3.9% | 25.9% | 8.89% |
* Annualized
Return Ranking - Calendar
Period | HDSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.2% | -18.4% | 33.6% | 12.14% |
2022 | -12.4% | -36.7% | 212.9% | 24.77% |
2021 | 35.5% | -62.0% | 147.6% | 8.82% |
2020 | 6.6% | -24.8% | 31.3% | 23.04% |
2019 | 29.4% | -30.1% | 34.0% | 3.73% |
Total Return Ranking - Trailing
Period | HDSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -1.6% | -13.8% | 6.6% | 24.39% |
1 Yr | 12.6% | -5.6% | 30.6% | 35.48% |
3 Yr | 5.4%* | -14.1% | 66.2% | 12.33% |
5 Yr | 12.2%* | -4.5% | 46.9% | 5.51% |
10 Yr | 8.5%* | -3.9% | 25.9% | 8.89% |
* Annualized
Total Return Ranking - Calendar
Period | HDSVX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 18.3% | -15.5% | 35.4% | 29.14% |
2022 | -9.8% | -36.7% | 250.0% | 38.51% |
2021 | 44.1% | -3.2% | 157.9% | 1.86% |
2020 | 6.6% | -13.5% | 33.4% | 28.50% |
2019 | 29.4% | -17.4% | 34.3% | 8.46% |
NAV & Total Return History
HDSVX - Holdings
Concentration Analysis
HDSVX | Category Low | Category High | HDSVX % Rank | |
---|---|---|---|---|
Net Assets | 60.2 M | 2.13 M | 52.9 B | 85.12% |
Number of Holdings | 48 | 10 | 1578 | 88.18% |
Net Assets in Top 10 | 16.7 M | 180 K | 3.01 B | 82.71% |
Weighting of Top 10 | 31.33% | 0.3% | 88.4% | 18.20% |
Top 10 Holdings
- EAGLE MATERIALS 4.34%
- TRIUMPH FINANCIA 3.61%
- TEXAS CAPITAL BA 3.02%
- ETHAN ALLEN 3.02%
- SHOE CARNIVAL 2.97%
- HILLTOP HOLDINGS 2.96%
- TAYLOR MORRISON 2.95%
- CHORD ENERGY COR 2.87%
- SUNOPTA INC 2.80%
- HOME BANCSHARES 2.80%
Asset Allocation
Weighting | Return Low | Return High | HDSVX % Rank | |
---|---|---|---|---|
Stocks | 94.04% | 0.99% | 104.11% | 91.90% |
Cash | 5.94% | 0.00% | 99.01% | 15.32% |
Preferred Stocks | 0.00% | 0.00% | 2.62% | 63.46% |
Other | 0.00% | -1.78% | 40.01% | 72.21% |
Convertible Bonds | 0.00% | 0.00% | 2.63% | 62.08% |
Bonds | 0.00% | 0.00% | 73.18% | 63.02% |
Stock Sector Breakdown
Weighting | Return Low | Return High | HDSVX % Rank | |
---|---|---|---|---|
Financial Services | 25.17% | 0.00% | 35.71% | 36.91% |
Consumer Cyclical | 17.45% | 0.00% | 51.62% | 14.32% |
Energy | 13.69% | 0.00% | 29.42% | 9.40% |
Basic Materials | 13.49% | 0.00% | 67.30% | 3.58% |
Industrials | 11.24% | 0.65% | 48.61% | 93.51% |
Technology | 8.00% | 0.00% | 34.03% | 61.52% |
Real Estate | 6.44% | 0.00% | 44.41% | 61.97% |
Consumer Defense | 2.35% | 0.00% | 13.22% | 79.64% |
Healthcare | 1.38% | 0.00% | 25.76% | 96.20% |
Utilities | 0.80% | 0.00% | 13.86% | 74.50% |
Communication Services | 0.00% | 0.00% | 24.90% | 96.42% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | HDSVX % Rank | |
---|---|---|---|---|
US | 94.04% | 0.96% | 104.11% | 85.12% |
Non US | 0.00% | 0.00% | 67.90% | 70.24% |
HDSVX - Expenses
Operational Fees
HDSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.87% | 0.05% | 37.04% | 16.19% |
Management Fee | 0.85% | 0.00% | 1.50% | 72.15% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 52.45% |
Administrative Fee | N/A | 0.01% | 0.35% | N/A |
Sales Fees
HDSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
HDSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 0.50% | 2.00% | 74.36% |
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.
HDSVX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 62.00% | 7.00% | 252.00% | 66.92% |
HDSVX - Distributions
Dividend Yield Analysis
HDSVX | Category Low | Category High | HDSVX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.58% | 0.00% | 14.65% | 89.72% |
Dividend Distribution Analysis
HDSVX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
HDSVX | Category Low | Category High | HDSVX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.09% | -1.43% | 4.13% | 72.26% |
Capital Gain Distribution Analysis
HDSVX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 12, 2023 | $0.011 | OrdinaryDividend |
Dec 09, 2022 | $0.473 | OrdinaryDividend |
Dec 12, 2019 | $0.002 | OrdinaryDividend |
Dec 10, 2015 | $0.014 | OrdinaryDividend |
HDSVX - Fund Manager Analysis
Managers
Eric Marshall
Start Date
Tenure
Tenure Rank
Dec 26, 2013
8.43
8.4%
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.
Derek Maupin
Start Date
Tenure
Tenure Rank
Dec 26, 2013
8.43
8.4%
Derek R. Maupin joined Hodges in 2009 and currently serves as a Vice President and research analyst. Prior to joining Hodges, he served as a registered representative/investment advisor from 2007-2009. Derek earned a BBA and an MBA from West Texas A&M University.
Chris Terry
Start Date
Tenure
Tenure Rank
Dec 26, 2013
8.43
8.4%
Chris R. Terry, CFA, joined Hodges in 2002 and currently serves as a Vice President and research analyst. Chris earned a BA in Economics from the University of Dallas and was awarded the Chartered Financial Analyst (CFA) designation in 2009. Chris is also a member of the CFA Institute and the CFA Society of Dallas-Ft. Worth.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 37.45 | 8.15 | 3.58 |