HDSIX — Hodges Small Cap Fund
Data updated: 2023-08-29
HDSIX — Hodges Small Cap Fund. Money Market · $181.56M AUM · 1.15% expense ratio · 23.2% 1-yr return. Holdings, fees, performance and SEC filings.
HDSIX Fund Overview
HDSIX — Hodges Small Cap 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: $181.56M
- 1-year return: 23.2%
- Ticker: HDSIX
- SEC CIK: 0000811030
- SEC series ID: S000020034
- Share class ID: C000071740
HDSIX Investment Objective and Strategy
Hodges Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Professionally Managed Portfolios.
Investment objective
The Hodges Small Cap Fund (the Small Cap Fund) seeks long-term capital appreciation.
Principal investment strategy
Under normal market conditions, the Small Cap Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in the stocks of small capitalization (small cap) companies. The Small Cap 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 Index. As of the last reconstitution date, May 11, 2018, the market capitalization of companies in the Russell 2000 Index ranged from $159.2 million to $5 billion. The Advisor seeks to buy securities of companies that it believes are undervalued, under-followed and/or offer above-average growth prospects. The remaining 20% of the Funds 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 Funds 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 Funds investment objective. From time to time, the Fund may engage in short sale transactions with respect to 25% of its net assets. The Fund uses a bottom-up approach in investing. The 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 Fund may also sell options purchased and write covered put and call options. The Small Cap Fund is permitted to invest up to 10% of its net assets in securities futures and options. The Advisor considers selling a security in the Small Cap Funds portfolio if the Advisor believes that security has become overvalued or has reached its growth potential. In addition, in an attempt to increase the Small Cap Funds tax efficiency or to satisfy certain tax diversification requirements, the Advisor may take tax considerations into account in deciding whether or when to sell a particular security. The Funds 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.
Note: Because there are practical limits to the amount of small cap assets that can be effectively managed, the Small Cap Fund will close to new investors when it reaches an asset size as determined by the Advisor to be too large to sustain additional assets. Shareholders will be provided 30 days written notice upon such conditions. If the Small Cap Fund closes to new investors, based on market conditions and other factors, it may reopen at a later date.
HDSIX Performance
Total returns for HDSIX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 23.2% |
| 3 years (annualised) | 22.7% |
HDSIX Risk Information
Risk metrics for HDSIX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 34.1%
HDSIX Costs and Fees
HDSIX costs about $115 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.15%
- Gross expense ratio: 1.15%
- Portfolio turnover: 69%
- Brokerage commissions: 13.28 bps of average net assets (SEC N-CEN)
HDSIX Cashflows
Over the 12 months to 2023-06, Hodges Small Cap Fund had net inflows of $54.65M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-06 | $2.98M |
| 2023-05 | $3.68M |
| 2023-04 | $3.72M |
| 2023-03 | $4.39M |
| 2023-02 | $3.69M |
| 2023-01 | $3.06M |
HDSIX Debt Constituents
No individual debt constituents are reported in Hodges Small Cap Fund's latest SEC N-PORT filing.
HDSIX Prospectus and SEC Filings
Official Hodges Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-07-21
- Prospectus (485BPOS) — filed 2022-07-25
- Prospectus supplement (497) — filed 2020-09-15
- Portfolio holdings (N-PORT) — filed 2023-08-29
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Portfolio holdings (N-PORT) — filed 2023-02-28
- Annual census (N-CEN) — filed 2023-06-12
- Annual census (N-CEN) — filed 2022-06-09
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.