(2/20/2026) We are pleased to introduce the Hood River Emerging Markets Fund, the newest addition to our long-only equity platform.

The strategy builds on decades of experience investing in less efficient areas of global markets, where disciplined, bottom-up research seeks to uncover opportunities that are often misunderstood or overlooked. Managed by Ruoshi Qi and Lance Cannon, and supported by Hood River’s broader research team, the Fund focuses on seeking to identify high-quality businesses across emerging economies where valuation and long-term fundamentals appear misaligned.

We believe emerging markets today represent a compelling source of diversification beyond the U.S. and other developed markets, offering exposure to structural growth across Asia and Latin America, as well as other dynamic economies. Many emerging markets companies are increasingly tech- and AI-driven, offering higher-quality growth potential than in prior cycles, yet still trade at a meaningful discount to developed market peers. With shifting global capital flows and evolving economic cycles, we believe selective, research-driven exposure to these markets can provide differentiated return opportunities over time.

We welcome the opportunity to connect with those interested in learning more.

 

Investments involve risk, principal loss is possible.  Diversification does not assure a profit, nor does it protect against a loss.

General Market Risk; Recent Market Events: The market value of a security may move up or down, sometimes rapidly and unpredictably. 

Equity Securities: Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate.

Foreign and Emerging Markets: Investments in foreign securities may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation.  Investing in emerging markets involves different and greater risks, as these countries are substantially smaller, less liquid, and more volatile than securities markets in more developed markets.

New Fund Risk: The Fund is a recently organized investment company with no operating history.  As a result, prospective investors have no track record or history on which to base their investment decision.

The Fund invests in large-cap securities as well as small-cap and mid-cap securities, which present a greater risk of loss than large-cap securities, and in growth companies which can be more sensitive to the company’s earnings and more volatile than the stock market in general. To the extent the Fund invests a significant portion of its assets in the securities of companies of a single region or country, it is more likely to be affected by events or conditions impacting that region or country.  The Fund may invest in initial public offerings (IPOs), which are highly volatile. Additional risk information may be found in the prospectus. 

Investors should carefully consider the Fund’s investment objective, risks, charges, and expenses before investing.  For a prospectus, which contains this and other important information about the Fund, please call 800-497-2960.  Please read the prospectus carefully before investing or sending money.

The Hood River Emerging Markets Fund is distributed by Quasar Distributors, LLC.  Hood River Capital Management LLC serves as the advisor to the Hood River Emerging Markets Fund.                       

NOT FDIC INSURED-NO BANK GUARANTEE-MAY LOSE VALUE