|Expense Ratio (net)||1.40%|
|Morningstar Risk Rating||★★★★★|
|Last Cap Gain||0.00|
|Inception Date||Sep 10, 2009|
|Average for Category||N/A|
A look at equities, bonds and other top-performing mutual funds of 2016.
The top fund managers of 2016 are contrarian investors who are betting on small caps and commodities, not companies on the Dow.
A Texas-sized selloff of companies based in the Lone Star State is helping one small-cap fund manager produce outsized returns. Craig Hodges, co-portfolio manager of the $6.2 million Hodges Pure Contrarian fund, is up 17.1 percent for the year through Monday, nearly triple that of any other small-cap core fund tracked by Morningstar, and nearly 20 percentage points better than the 2.7 percent decline in the benchmark Russell 2000. Hodges is prospering mainly by buying Texas-based homebuilders, banks and hotel chains whose shares were caught up in the deep selloff in early 2016 triggered by fears that oil prices would dip into the $20 range.