HDPBX — Hodges Blue Chip Equity Income Fund

Data updated: 2023-08-29

HDPBX — Hodges Blue Chip Equity Income Fund. Money Market · $29.87M AUM · 1.30% expense ratio. Holdings, fees, performance and SEC filings.

HDPBX Fund Overview

HDPBX — Hodges Blue Chip Equity Income Fund is a US mutual fund managed by Professionally Managed Portfolios, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US mutual fund
  • Manager: Professionally Managed Portfolios
  • Category: Money Market
  • Assets under management: $29.87M
  • 1-year return: 21.4%
  • Ticker: HDPBX
  • SEC CIK: 0000811030
  • SEC series ID: S000026468
  • Share class ID: C000079411

HDPBX Investment Objective and Strategy

Hodges Blue Chip Equity Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Professionally Managed Portfolios.

Investment objective

The Hodges Blue Chip Equity Income Fund (the Blue Chip Equity Income Fund) seeks income and long-term capital appreciation.

Principal investment strategy

Under normal market conditions, the Blue Chip Equity Income Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in large capitalization income producing equity securities. The Fund invests primarily in the stocks of large capitalization companies. The Blue Chip Equity Income Fund defines large capitalization companies as companies whose market capitalizations, at the time of purchase, are within the range of market capitalization of companies constituting the S&P 500 Index. As of May 31, 2018, the market capitalization of companies in the S&P 500 Index ranged from $59 billion to $948 billion. The Advisor selects investments using a bottom-up approach, which is largely driven by internal research, and means that the Advisor looks at companies one at a time to determine if a company is an attractive investment opportunity and if it is consistent with the Funds investment policies.

While the Blue Chip Equity Income Fund invests primarily in securities that are traded in the United States, it may also invest up to 25% of its net assets in stocks of foreign companies, including those in emerging markets, which are U.S. dollar denominated and trade on a domestic national securities exchange, including American Depositary Receipts (ADRs), European Depositary Receipts (EDRs) and Global Depositary Receipts (GDRs). The Fund may also invest up to 20% of its net assets in equity securities of issuers that have market capitalizations outside the defined large-cap level at the time of purchase. Equity securities include common stocks, preferred stocks and equity-equivalent securities such as convertible securities, stock futures contracts or equity options. The Blue Chip Equity Income Fund may invest up to 20% of its net assets in investment-grade debt securities, debt obligations of governments and their agencies and other similar securities, convertible and non-convertible debt securities, U.S.

government securities and in money market funds. The Fund also may purchase put and call options on U.S. traded stocks, currencies or security indices. From time to time, the Blue Chip Equity Income Fund may also engage in short sales transactions and may sell options purchased and write covered put and call options. The Blue Chip Equity Income Fund is permitted to invest up to 10% of its net assets in securities futures and options. The Fund expects to issue dividends from net investment income, if any, on a quarterly basis. An investor may choose to have the quarterly dividend paid in cash or reinvested into the Fund. The Advisor will consider selling a security in the Blue Chip Equity Income Funds portfolio if the Advisor believes that security has become overvalued or is believed to have reached its growth potential.

Such evaluation will involve measuring the potential for additional appreciation in a security relative to its down-side risk. The Advisor will also take tax considerations into account when making a sell decision. While the Blue Chip Equity Income Fund will be managed with consideration given to tax efficiency and will pursue and target a turnover of less than 100% in a given year, the Blue Chip Equity Income Funds portfolio turnover may vary depending on market conditions in any given year.

HDPBX Performance

Total returns for HDPBX (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year21.4%
3 years (annualised)14.3%

HDPBX Risk Information

Risk metrics for HDPBX, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 21.0%

HDPBX Costs and Fees

HDPBX costs about $130 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 1.30%
  • Gross expense ratio: 1.54%
  • Portfolio turnover: 53%
  • Brokerage commissions: 3.05 bps of average net assets (SEC N-CEN)

HDPBX Cashflows

Over the 12 months to 2023-06, Hodges Blue Chip Equity Income Fund had net inflows of $6.36M, from monthly SEC N-PORT filings.

MonthNet flow
2023-06$561.50K
2023-05$158.39K
2023-04$250.61K
2023-03$214.95K
2023-02$518.56K
2023-01$2.19M

HDPBX Debt Constituents

No individual debt constituents are reported in Hodges Blue Chip Equity Income Fund's latest SEC N-PORT filing.

HDPBX Prospectus and SEC Filings

Official Hodges Blue Chip Equity Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market 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.