Hodges Small Intrinsic Value Fund
Data updated: 2026-08-25
C000244086 — Hodges Small Intrinsic Value Fund. United States Small Cap Value Equity · $59.92M AUM. Holdings, fees, performance and SEC filings.
C000244086 Fund Overview
Hodges Small Intrinsic Value Fund is a US mutual fund managed by Northern Lights Fund Trust II, categorised as United States Small Cap Value Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust II
- Category: United States Small Cap Value Equity
- Assets under management: $59.92M
- 1-year return: 35.6%
- SEC CIK: 0001518042
- SEC series ID: S000081360
- Share class ID: C000244086
C000244086 Investment Objective and Strategy
Hodges Small Intrinsic Value Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Northern Lights Fund Trust II.
Investment objective
The investment objective of the Hodges Small Intrinsic Value Fund (the ?Small Intrinsic Value Fund?) is long-term capital appreciation.
Principal investment strategy
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, June 30, 2025, the market capitalization of companies in the Russell 2000 Value Index ranged from $119.4 million to $7.4 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.
C000244086 Holdings
Top 10 holdings of Hodges Small Intrinsic Value Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Academy Sports And Outdoors, Inc. | 4.18% |
| Garrett Motion, Inc. | 3.69% |
| Powell Industries, Inc. | 3.48% |
| Banc Of California, Inc. | 3.38% |
| Eagle Materials, Inc. | 3.32% |
| Geo Group, Inc. (the) | 3.12% |
| Texas Capital Bancshares, Inc. | 3.08% |
| Triumph Financial, Inc. | 2.98% |
| Maxlinear, Inc. | 2.80% |
| Ryman Hospitality Properties, Inc. | 2.68% |
C000244086 Portfolio Allocation
Asset-class allocation of Hodges Small Intrinsic Value Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.1% |
| Cash & Equivalents | 0.7% |
C000244086 Performance
Total returns for C000244086 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 23.0% |
| 1 year | 35.6% |
| 3 years (annualised) | 10.2% |
C000244086 Risk Information
Risk metrics for C000244086, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.7%
C000244086 Costs and Fees
C000244086 costs about $126 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.26%
- Gross expense ratio: 1.77%
- Portfolio turnover: 69%
- Brokerage commissions: 18.08 bps of average net assets (SEC N-CEN)
C000244086 Cashflows
Over the 12 months to 2026-06, Hodges Small Intrinsic Value Fund had net outflows of $6.80M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$959.23K |
| 2026-05 | −$419.51K |
| 2026-04 | $101.16K |
| 2026-03 | $116.76K |
| 2026-02 | −$195.62K |
| 2026-01 | −$1.84M |
C000244086 Debt Constituents
No individual debt constituents are reported in Hodges Small Intrinsic Value Fund's latest SEC N-PORT filing.
C000244086 Prospectus and SEC Filings
Official Hodges Small Intrinsic Value Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-07-28
- Prospectus (485BPOS) — filed 2026-01-29
- Prospectus supplement (497) — filed 2025-08-01
- Portfolio holdings (N-PORT) — filed 2026-08-25
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-06-10
- Annual census (N-CEN) — filed 2025-06-11
Related Funds
Other United States Small Cap Value Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.