October 5, 2006
Fund Focus — The Hodges Fund
The Hodges Fund has an average annual return of 12.74% since its inception in 1992, and has returned 7.07% so far this year. Expenses are on the high side, at 1.47%. The fund’s 3 year beta is 1.5, so investors can expect some additional volatility compared with the S&P 500. From the web site:
The Hodges Fund is a growth mutual fund that invests primarily in U.S. companies ranging from big blue chips to small undiscovered issues. Our mission is to find great companies of any market size whose shares have strong potential to appreciate.
This fund believes in disclosure, with a list of the top 25 weekly holdings available on their web site. The top five holdings last week, constituting 12.89% of assets, were:
- Burlington Northern Santa Fe
- Trinity Industries
- Devon Energy Corp
- Transocean Sedco Forex Inc
- Apple Computer Inc
The minimum investment is a beginner-friendly $250, and an automatic investment plan is available.
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