Published on August 15, 2024
We are excited to announce the launch of the NEW Institutional Share Class for the Hodges Small Intrinsic Value Fund (HSVIX, Inception Date 7/30/2024). This addition builds on our legacy of active management and underscores our commitment to meeting the needs of our investors.
The Hodges Small Intrinsic Value Fund, inception date December 26, 2013, invests in companies with an attractive market price relative to underlying asset value, earnings power, or the potential for a turnaround business fundamentals. We also seek companies with mispriced or misunderstood deep, intrinsic value but lacking a near-term catalyst to unlock that value, which may require a longer time horizon.
Our team is concentrating on prevailing trends and, more importantly, the earning power of our portfolio companies within their respective industries. The current environment we believe provides an excellent opportunity for our portfolio managers to carefully select individual stocks designed to diversify portfolios and provide lasting value for our investors.
More information on our complete suite of mutual funds and separately managed accounts can be found by following the links below.
Thank you for your continued support and partnership.
The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The statutory and summary prospectuses contain this and other important information about the Hodges Funds, and they may be obtained by calling 866-811-0224 or visiting www.hodgesmutualfunds.com. Read them carefully before investing. Mutual fund investing involves risk. Principal loss is possible.
Investments in foreign securities involve greater volatility, political, economic, and currency risks, and differences in accounting methods. These risks are greater for investments in emerging markets. Options and futures contracts 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. Short sales of securities involve the risk that losses may exceed the original amount invested. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in small and medium capitalization companies involve additional risks, such as limited liquidity and greater volatility. Funds that are non-diversified are more exposed to individual stock volatility than a diversified fund. Investments in companies that demonstrate special situations or turnarounds, meaning companies that have experienced significant business problems but are believed to have favorable prospects for recovery, involve greater risk.
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 be appropriately priced or overvalued.
Hodges Capital Management (HCM) is the adviser to the Hodges Funds, which are distributed by Northern Lights Distributors, LLC.
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