HDSIX Performance — Hodges Small Cap Fund, Institutional Class
Data updated: 2023-08-29
HDSIX returned +23.25% over one year to Jun 2023. The annualised 3-year return is +22.67%. The fund beat its Money Market category average: $100 invested three years ago grew to $185, against $112 for the category, and to $123 over one year, against $105. Volatility over the past three years was 27.34% a year. In the 12 months to Jun 2023 the fund took in a net $54.6M, and assets reached $181.56M.
HDSIX Growth of $100
What $100 invested in Hodges Small Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Money Market category average over the same months.
| Period | HDSIX | Category average |
|---|---|---|
| 1 year (Jul 2022 – Jun 2023) | $123 | $105 |
| 3 years (Jul 2020 – Jun 2023) | $185 | $112 |
| Since data start (Jan 2020 – Jun 2023) | $157 | $105 |
HDSIX Trailing Returns
Total returns to Jun 2023, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +23.25% |
| 3 years (annualised) | +22.67% |
HDSIX Annual Returns
Calendar-year total returns of Hodges Small Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2023 (Jan–Jun) | +12.06% |
| 2022 | −12.45% |
| 2021 | +36.41% |
| 2020 | +17.27% |
HDSIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | +12.8% | −3.1% | −4.0% | −0.9% | −3.9% | +12.2% | — | — | — | — | — | — |
| 2022 | −8.7% | +3.0% | +2.2% | −6.5% | +4.8% | −15.4% | +15.9% | −3.5% | −12.4% | +15.5% | +6.2% | −8.5% |
| 2021 | +7.3% | +12.6% | +7.0% | +4.1% | +1.9% | +2.2% | −5.0% | +0.8% | −2.2% | +5.0% | −6.1% | +5.4% |
| 2020 | −4.7% | −11.7% | −28.3% | +21.5% | +10.0% | +5.4% | +4.2% | +4.1% | −2.7% | +2.6% | +16.2% | +9.7% |
HDSIX Risk
Risk measures from monthly returns over Jul 2020 – Jun 2023.
- 3-year volatility (annualised): 27.34%
- 3-year Sharpe ratio: 0.66 (vs 4.5% risk-free rate)
- Best month: +16.15% (Nov 2020)
- Worst month: −15.41% (Jun 2022)
HDSIX Fund Flows
Monthly money in and out of Hodges Small Cap Fund, from SEC Form N-PORT.
- 12-month net flow: $54.6M
- 12-month gross sales (incl. reinvestments): $21.1M
- Sales ÷ redemptions: -0.63×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2023 | $591K | −$2.4M | $3.0M |
| May 2023 | $304K | −$3.4M | $3.7M |
| Apr 2023 | $519K | −$3.2M | $3.7M |
| Mar 2023 | $640K | −$3.8M | $4.4M |
| Feb 2023 | $1.7M | −$1.9M | $3.7M |
| Jan 2023 | $597K | −$2.5M | $3.1M |
| Dec 2022 | $12.0M | −$4.3M | $16.2M |
| Nov 2022 | $1.7M | −$1.7M | $3.4M |
| Oct 2022 | $267K | −$2.0M | $2.2M |
| Sep 2022 | $172K | −$2.6M | $2.8M |
| Aug 2022 | $2.3M | −$2.6M | $4.8M |
| Jul 2022 | $351K | −$3.2M | $3.6M |
HDSIX Assets Under Management
Net assets of Hodges Small Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2023-06-30 | $181.56M |
| 2023-03-31 | $177.59M |
| 2022-12-31 | $174.34M |
| 2022-09-30 | $159.61M |
| 2022-06-30 | $168.29M |
| 2022-03-31 | $207.96M |
| 2021-12-31 | $230.08M |
| 2021-09-30 | $231.45M |
| 2021-06-30 | $263.34M |
| 2021-03-31 | $236.97M |
| 2020-12-31 | $182.71M |
| 2020-09-30 | $147.52M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.