Performance quoted represents past performance and there is no guarantee of future results. The investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than the original cost. Current performance may be higher or lower than the performance data quoted above. Please call 800-497-2960 to obtain current and the most recent month-end performance data.
A redemption fee of 1.00% of the total redemption amount (calculated at market value) may be imposed if shares are sold within 60 days of the purchase of such shares. This fee will apply to redemptions processed for the purpose of receiving redemption proceeds or processing an exchange between the Funds.
Small-Cap Growth Fund gross expense ratio: 1.49%; net expense ratio: 1.09%
Pursuant to an expense limitation agreement, Hood River Capital Management LLC (“Hood River”), the investment adviser to the *Hood River Small- Cap Growth Fund, had previously agreed to waive its advisory fee and/or reimburse expenses to the extent the Fund’s total operating expenses exceed 1.25%, through December 31, 2020. Effective March 9, 2015, Hood River has voluntarily agreed to waive its advisory fee and/or reimburse expenses to the extent the Fund’s total operating expenses (excluding taxes, extraordinary expenses, brokerage commissions, interest and acquired fund fees and expenses) exceed 1.09%.
The advisor has a contractual fee waiver to the extent total operating expenses exceed 0.90% for Institutional Shares, which will remain in place until November 1, 2020 unless the Board of
Trustees approves its earlier termination.
*Formerly, Small-Cap Fund (RSCIX). The name and ticker of the Fund changed effective 4/9/2015.