Description

The Hodges Fund strategically allocates its investments to the common stocks of companies across the full market capitalization range, encompassing small, medium, and large enterprises. The fund maintains the flexibility to engage in short-sale transactions, though such positions are capped at 25% of its net assets. Additionally, the portfolio may hold highly liquid money market instruments. On an opportunistic basis, it has the discretion to purchase put and call options linked to U.S. equity markets or security indices. The fund is also authorized to sell options, specifically employing the strategy of writing "covered" put and call options.