Fund Evaluator:
Hodges Retail (HDPMX)
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Best Performing in Mid-Cap Blend Over the Last Year
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Fund Details
Hodges Retail Overview
Hodges Retail (HDPMX) is an actively managed U.S. Equity Mid-Cap Blend fund. Hodges launched the fund in 1992.
The investment seeks long-term capital appreciation. The fund invests in common stocks of companies of any size market capitalization- small, medium or large. The fund may engage in short-sale transactions with respect to 10% of its net assets. It may also invest in money market instruments and may, from time to time, purchase put and call options on U.S. traded stocks or security indices. The fund may also sell options and write "covered" put and call options.
About Hodges Retail (HDPMX)
There are 2 members of the management team with an average tenure of 19.31 years: Eric Marshall (2015), Craig Hodges (1999). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Hodges Retail has 37 securities in its portfolio. The top 10 holdings constitute 45.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Hodges Retail is part of the Equity global asset class and is within the U.S. Equity fund group. Hodges Retail has 4.5% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.6%. There is 4.5% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Hodges Retail has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $291 million in total assets, which is below the $1 billion average for the Mid-Cap Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HDPMX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hodges Retail expense ratio is high compared to funds in the Mid-Cap Blend category. Hodges Retail has an expense ratio of 1.18%, which is 21% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Hodges Retail has a portfolio turnover rate of 89%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Blend category.
Recently, in the month of June 2026, Hodges Retail returned 7.9%, which earned it a grade of A, as the Mid-Cap Blend category had an average return of 4.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Hodges Retail has a trailing yield of 0.00%, which is below the 0.47% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Hodges Retail Grades
Year to date, the fund has returned 34.4%, 19.0 percentage points better than the category, which translates into a grade of A. The fund has returned 52.2% over the past year (grade of A), 30.3% over the past three years (grade of A) and 14.1% per year over the past five years (grade of A) and 14.4% per year over the past 10 years (grade of A).
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HDPMX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HDPMX Return (NAV) | 7.9% | 36.2% | 52.2% | 30.3% | 14.1% | 14.4% |
| HDPMX Grade | A | A | A | A | A | A |
| +/- Category | 3.8% | 21.8% | 30.1% | 15.6% | 5.9% | 3.4% |
| Mid-Cap Blend Avg | 4.1% | 14.4% | 22.0% | 14.7% | 8.2% | 11.0% |
| HDPMX Tax Cost Ratio | na | na | 2.3% | 1.2% | 0.8% | 0.9% |
HDPMX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HDPMX Return (NAV) | 34.4% | 24.0% | 16.9% | 29.8% | -21.8% | 29.5% | 29.6% | 23.0% | -34.2% | 13.8% | 39.8% |
| HDPMX Grade | A | A | A | A | F | A | A | F | F | D | A |
| +/- Category | 19.0% | 16.0% | 3.3% | 13.4% | -6.7% | 5.2% | 16.3% | -5.5% | -23.9% | -2.3% | 25.2% |
| Mid-Cap Blend Avg | 15.3% | 8.0% | 13.5% | 16.4% | -15.1% | 24.3% | 13.3% | 28.5% | -10.3% | 16.1% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 24.1% |
| Total Risk Index: | 1.99 - High |
| Category Risk Index: | 1.54 - High |
| Category Risk Grade: | F (101% Rank) |
| Beta: | 1.57 |
| R-Squared: | 72% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $291 Mil |
| Fund Total Assets: | $ 291 Mil |
| Share Class Type: | Adv |
| Portfolio Turnover: | 89% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 27.2 years | |||
| Average Tenure: 19.3 years | |||
| Managers (Year): Hodges Craig (1999), Marshall Eric (2015) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 37 |
| % in Top 10 Holdings: | 45.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.5% |
Portfolio Allocation |
|
| Domestic Stock: | 94.6% |
| Foreign Stock: | 4.5% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Fund Family: | Hodges |
| Phone Number: | 866-811-0224 |
| Website: | www.hodgesfund.com |
| Status: | Open |
| Inception Date: | October 9, 1992 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 1.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.18% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.98% |
| Share Class: | Hodges Retail |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
