Form 497K PROFESSIONALLY MANAGED
Hodges Fund
Retail Class Ticker HDPMX
(the “Fund”)
a series of Professionally Managed Portfolios (the “Trust”)
Summary Prospectus dated July 29, 2021
Effective September 1, 2021, the Hodges Fund’s management fee and Expense Cap will return to 0.85% and 0.93%, respectively.
As of September 1, 2020, Hodges Capital Management, Inc. (the “Advisor”), contractually agreed to lower its management fee from 0.85% to 0.82% of the Hodges Fund’s average daily net assets. This one-year temporary contractual waiver is in effect until August 31, 2021. In addition, as of September 1, 2020, Hodges Capital Management, Inc. (the “Advisor”), contractually agreed to waive a portion or all of its management fees and pay the Fund’s expenses (excluding Acquired Fund Fees and Expenses, interest expense in connection with investment activities, taxes, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees and any other class-specific expenses) in order to limit Total Annual Fund Operating Expenses to 0.90% of average daily net assets of the Hodges Fund (the “Expense Cap”). The Advisor has waived its right to receive reimbursement of the portion of its management fees waived pursuant to the temporary advisory fee waiver agreement.
Please retain this Supplement with the Summary Prospectus.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jimmy's Jazz & Blues Club Features 5x-GRAMMY® Award Nominated Jazz Pianist & Composer CHRISTIAN SANDS, a Steinway Artist, on Wednesday April 24 at 7:30 P.M.
- Lawn Care Revolutionised: Mowrator Launches Mowrator S1 via Kickstarter Campaign
- Bilibili Inc. Announces Completion of the Repurchase Right Offer for 1.375% Convertible Senior Notes due 2026
Create E-mail Alert Related Categories
SEC FilingsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!