Hodges Blue Chip Equity Income Fund
HDPBX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- C/O U.S. Bancorp Fund Services MA United States of America
- IPO Date
- Sep 10, 2009
- CIK
- 0000811030
- Website
- hodgescapital.com
- Similar Companies
- Business
- Hodges Blue Chip Equity Income Fund (HDPBX) is an open-end mutual fund that seeks income and long-term capital appreciation by investing at least 80% of its net assets, plus any borrowings for investment purposes, in large capitalization income-producing equity securities, primarily stocks of companies whose market capitalizations at the time of purchase fall within the range of those in the S&P 500 Index; it may allocate up to 20% of net assets to equity securities outside large-cap levels, up to 25% in U.S.-dollar denominated foreign stocks including American Depositary Receipts traded on domestic exchanges and those from emerging markets, up to 20% in investment-grade debt securities, U.S. government obligations, money market funds, and convertible securities; it may also employ put and call options on U.S.-traded stocks, currencies or indices, securities futures, short sales transactions up to certain limits, and covered options writing. The fund, with a gross expense ratio of 1.32% and net expense ratio of 1.30% after waivers through at least July 31, 2026, distributes dividends quarterly from net investment income and targets portfolio turnover below 100% annually for tax efficiency while utilizing a bottom-up research-driven approach emphasizing proprietary analysis of individual companies. Hodges Capital Management, Inc., founded in 1989 and headquartered at 2905 Maple Avenue, Dallas, Texas, serves as investment adviser, overseeing approximately $1.1 billion in assets across individual portfolios, institutional accounts, and four mutual funds including this Retail Class series (HDPBX); the firm targets high-net-worth individuals, institutions, foundations, endowments, investment companies, and trusts primarily in the United States. In September 2023, the fund underwent a significant reorganization, transferring all assets and liabilities from its prior series within Professionally Managed Portfolios to a newly created series of Northern Lights Fund Trust II, retaining the same ticker symbol (HDPBX), investment objective, strategies, portfolio managers (led by Chief Investment Officer Craig D. Hodges and Senior Vice President Gary M. Bradshaw since inception in 2009), and expense caps while shifting service providers including administrator, transfer agent, and distributor to Ultimus Fund Solutions, LLC and Northern Lights Distributors, LLC; this change supported Hodges Capital's strategic shift to the Northern Lights complex for servicing efficiencies with no material impact on fees, performance history (which the fund adopted), or shareholder value, and no tax consequences to investors. As of March 31, 2025, top holdings included Apple Inc. (AAPL), Nvidia Corp. (NVDA), Walmart Inc. (WMT), American Express Co. (AXP), Eli Lilly & Co. (LLY), Microsoft Corp. (MSFT), Wells Fargo & Co. (WFC), AbbVie Inc. (ABBV), Broadcom Inc. (AVGO), and ONEOK Inc. (OKE), representing 45.90% of assets, with notable sector exposure to information technology; the fund benchmarks against the Russell 1000 Total Return Index and S&P 500 Total Return Index, delivering annualized returns through December 31, 2024 of 32.11% (1-year), 15.27% (5-year), and 12.76% (10-year) for Retail Class shares before taxes.