IBD Ranks Hodges Small Cap Fund (HDPSX) Best Performing Growth Fund Since 3/9/2009 Market Low Through 10/8/13 Among 749 Funds Based on Total Return
Dallas, TX (PRWEB) November 05, 2013 -- The Hodges Small Cap Fund (HDPSX) has been recognized as the best performing growth fund through Oct. 8, 2013 since the market’s lowest point on March 9, 2009 according to Investor’s Business Daily. HDPSX ranked number one in the publications list of Top Growth Funds with a Total Return of 434% in total return over the period. To qualify for inclusion in the list, IBD selected 749 funds defined as large cap growth, large cap blend, mid cap growth and small cap growth* with at least $125 million in assets, a rating of C+ or better for the 36 month performance, and an inception date no later than March 9, 2009. As of September 30, 2013, the fund ranked #97 for 1 year among 8,842 and #99 for 5 years among 8,221 long term funds tracked by IBD, respectively.
Hodges Small Cap Fund (HDPSX)
TOTAL RETURN --------------------ANNUALIZED AVERAGE RETURNS--------------
1 year 3 year 5 year Since inception (12-18-07)
34.71% 24.11% 18.57% 12.04%
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. Performance data current to the most recent month end may be obtained by calling 1-866-811-0224.The fund imposes a 1.00% redemption fee on shares held less than 30 days. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced. The fund’s gross expense ratio is 1.39%.
“We are proud not only of our fund’s outstanding performance, but also to be included in such a prestigious group of our peers,” said Craig Hodges, co-portfolio manager.
The fund seeks long-term capital appreciation by investing in specific growth or value opportunities identified through a rigorous research process. “Our investment team makes about 2,000 contacts with some 600 companies a year focusing on a deep analysis of each potential investment, eventually narrowing it down to 60 to 80 holdings. Few analysts cover small cap companies, which may be an advantage for us. We visit these companies and meet with management to become as familiar with them, their products and growth plans as possible. In fact, many companies reach out to us,” Hodges added.
The fund’s track record dates back to 2007 and it currently has approximately $750 million in assets.
As of September 30, 2013, Lipper assigned the following percentile rankings for Hodges Small Cap Fund retail shares: In the Lipper Small-Cap Core category, the fund ranked in the top10% of 705 funds for 1-year, top 2% of 634 funds for 3-years, and top 2% of 572 funds for the five-years.
About Hodges Capital Management
Hodges Capital Management, founded in 1989, is a Dallas based investment advisory firm with a family of five mutual funds. The firm manages separately managed accounts and mutual funds. HCM manages customized portfolios for many high net worth individuals, trusts, foundations, and charitable organizations.
The Hodges mutual funds are five specific strategies that seek to address any risk tolerance an equity investor has. A staff of five research analysts and four portfolio managers run the investment process, which believes in the value of investing in common stocks, extensive research, extensive experience, sound judgment and reducing risk by evaluating financial opportunities from every conceivable angle.
For more information, visit http://www.hodgesmutualfunds.com
Mutual fund investing involves risk. Principal loss is possible.
The fund invests in smaller companies, which involves additional risks such as limited liquidity and greater volatility. The fund may also make short sales of securities, which involves the risk that losses may exceed the original amount invested. Investments in foreign securities and emerging markets involve greater volatility and political, economic and currency risks and differences in accounting methods. The use of options and future contracts have special risks such as 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.
Investors Business Daily (IBD) Performance grades are assigned as follows: A+=Top 5% of funds in 36-month performance, A=Top 10%, A-=Top 15%, B+=Top 20%, B=Top 25%, B-=Top 30%, C+=Top 35%, C=Top 40%, C-=Top 45%, D+=Top 50%, D=Top 60%, D-= Top 70%, E=Below 70%.
Source of data: Investors Business Daily, Inc. © Investors Business Daily, 10/9/2013.
Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Reuters Company, subject to the following: Copyright 2013 © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.
The funds' investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other information about the investment company and can be obtained by calling 1-877-232-1222. Read it carefully before investing.
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Investor’s Business Daily provides individuals and performance-driven financial professionals with proprietary analysis, timely business news and investment analysis. The mutual fund tables are composed of funds with a 36-Month Performance Rating of A+, A or A- with at least $200 million in assets. IBD tracks funds through NASDAQ defined as: large-cap growth, large-cap blend, mid-cap growth and small-cap growth, including small cap core funds in the category small cap growth. To qualify for the Top Growth Funds chart, 749 funds met the following criteria for inclusion in IBD’s proprietary ranking: at least $125 million in assets, a rating of C+ or better for the 36 month performance rating, and an inception date no later than March 9, 2009.
*Based on a proprietary, legacy system, IBD includes small and mid-cap core funds in their respective growth categories.
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Melissa Murphy, SunStar Strategic, http://www.sunstarstrategic.com, 703.299.8390, [email protected]
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