New Opportunities Fund
Fund Overview
- Stock selection driven by proprietary fundamental research
- Long-only portfolio of 80 – 120 growth stocks
- Benchmarked to the Russell 2500 Growth Index®
Investment Approach
We believe the US small/mid-cap equity market is relatively inefficient. For over two decades, Hood River Capital Management LLC has employed a process that utilizes rigorous proprietary, fundamental analysis that attempts to identify an information gap between our earnings estimates and Wall Street estimates.
- Find the best businesses from those growing at 15%+ with market caps of $10 billion or less.
- Build and corroborate our estimates by talking to management, customers, suppliers.
- Identify potential research gaps by comparing our estimates to Street expectations.
- Ensure we pay the right price by evaluating historical, peer, and industry valuations.
Institutional Shares
Investor Shares
Retirement Shares
Ticker Symbol
HRNOX
Institutional Shares
HRNIX
Investor Shares
HRNRX
Retirement Shares
Inception Date
8/5/24
Institutional Shares
8/5/24
Investor Shares
8/5/24
Retirement Shares
Gross Expense Ratio
7.05%
Institutional Shares
7.30%
Investor Shares
6.95%
Retirement Shares
Net Expense Ratio (fiscal YTD)
0.95%
Institutional Shares
1.20%
Investor Shares
0.85%
Retirement Shares
Minimum Purchase
$25,000
Institutional Shares
$1,000
Investor Shares
No minimum
Retirement Shares
Investor shares are subject to a Rule 12b-1 Fee of up to 0.25%. As the Fund is new, the gross expense ratios are based on estimated amounts for the Fund’s current fiscal year. The adviser has contractually agreed to waive fees and/or reimburse expenses to limit the Total Annual Operating Expense to 0.85% through August 5, 2027, otherwise performance would have been lower. Investors will pay the net expense ratio listed above.
We seek to identify and capitalize on research gaps overlooked by the broader market.
Past performance does not guarantee future results.
Information provided with respect to the Fund’s Holdings and Weightings are subject to change at any time and are not a recommendation to buy or sell any security. The Fund discloses its quarterly top ten holdings on its website within 45 business days after the quarter-end. The quarter-end portfolio holdings for the Fund will remain posted on the Fund’s website until the following quarter-end portfolio holdings are posted. The benchmark is the Russell 2500® Growth Index, which is defined as an unmanaged, capitalization weighted index of those Russell 3000 companies with higher price-to-book ratios and higher forecasted growth values. Index returns include dividends and/or interest income and do not reflect fees or expenses. Unlike the Fund, which periodically maintains a cash position, the Russell 2500® Growth Index is fully invested. Investors cannot directly invest in an index.
The Fund invests in 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. The Fund may also invest in foreign securities which are subject to risks including currency fluctuations, economic and political change and differing accounting standards. The Fund may invest in derivatives and 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. 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. 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.
Investments involve risk, principal loss is possible.
The Hood River Funds are distributed by Quasar Distributors, LLC. Hood River Capital is the advisor to the Funds.
