HDSMX — Hodges Small-Mid Cap Fund

HDSMX Fund Overview

HDSMX — Hodges Small-Mid 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: $5.49M
• Ticker: HDSMX
• SEC CIK: 0000811030
• SEC series ID: S000043608
• Share class ID: C000135205

HDSMX Investment Objective and Strategy

Hodges Small-Mid 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-Mid Cap Fund (the SMID Fund) seeks long-term capital appreciation through investments in the common stock of small and mid-capitalization companies.

Principal investment strategy

The SMID Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small and mid-sized (small-mid) capitalization companies. The SMID Fund defines small-mid capitalization companies as those whose market capitalizations, at the time of purchase, are consistent with the market capitalizations of companies in the Russell 2500 Index. As of the last reconstitution date, May 11, 2018, the market capitalization of companies in the Russell 2500 Index ranged from $159.2 million to $12 billion. The SMID Fund primarily chooses investments that the Advisor believes are likely to have above-average growth or holds unrecognized relative value that can result in the potential for above-average capital appreciation. The SMID 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 for securities, and in American Depositary Receipts (ADRs), European Depositary Receipts (EDRs) and Global Depositary Receipts (GDRs), consistent with the Funds investment objective. In addition, the SMID Fund may invest in U.S. government securities and money market funds. From time to time, the SMID Fund may engage in short sale transactions with respect to up to 25% of its net assets. The SMID 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 SMID Fund may also sell options purchased and write covered put and call options. The SMID Fund is permitted to invest up to 10% of its net assets in securities futures and options. The Advisor will use a bottom-up approach in selecting securities for the Funds portfolio.

The SMID Fund is permitted to invest up to 20% of its net assets in microcap and large cap companies, U.S. government securities and other investment companies, including ETFs . The Advisor will consider selling a security in the SMID 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 SMID 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.

HDSMX Costs and Fees

HDSMX costs about $140 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.40%
• Gross expense ratio: 1.92%
• Portfolio turnover: 76%
• Brokerage commissions: 16.94 bps of average net assets (SEC N-CEN)

HDSMX Cashflows

Over the 12 months to 2020-03, Hodges Small-Mid Cap Fund had net inflows of $2.21M, from monthly SEC N-PORT filings.

HDSMX Debt Constituents

No individual debt constituents are reported in Hodges Small-Mid Cap Fund's latest SEC N-PORT filing.

HDSMX Prospectus and SEC Filings

Official Hodges Small-Mid Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2019-08-16
• Prospectus (485BPOS) — filed 2018-08-08
• Prospectus (485BPOS) — filed 2017-08-04
• Portfolio holdings (N-PORT) — filed 2020-06-01
• Annual census (N-CEN) — filed 2020-06-15
• Annual census (N-CEN) — filed 2019-06-12

Related Funds

Other Money Market funds tracked on ABC INVEST:

• Emerald Growth Fund (HSPCX)
• Barings Active Short Duration Bond Fund (BXDIX)
• IVA Worldwide Fund (IVWAX)
• Stadion Tactical Growth Fund (ETFDX)
• BBH Partner Fund - Select Short Term Assets (BBSTX)

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.