Past performance does not guarantee future results.  Click here to view the Fund’s Top Ten Holdings.  Fund holdings and sector allocations are subject to change at any time and are not recommendations to buy or sell any security.

ETF (Exchange Traded Fund) is a type of pooled investment security that is bought and sold much like an individual stock and tracks anything from commodities to investment strategies. Valuation is the analytical process of determining the current (or projected) worth of a company. Earnings estimates are an analyst’s estimate for a company’s future quarterly or annual earnings per share. EPS Growth (earnings per share growth) is used to determine the rate at which a company is growing its profitability. Alpha is a term used in investing to describe an investment strategy’s ability to beat the market, or it’s “edge.”  S&P 500^® Index is a market capitalization weighted index that measures the 500 leading publicly traded companies in the U.S.

Earnings growth for a Fund holding does not guarantee a corresponding increase in the market value of the holding or the Fund. Opinions expressed are those of the portfolio manager and are subject to change, are not intended to be a forecast of future events, a guarantee of future results, nor investment advice. References to securities are not a recommendation to buy or sell.

Investment Considerations

The Fund invests in small-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. The Fund may invest in emerging and frontier markets.  The risks include potential for price volatility and illiquidity; government ownership or control of parts of the private sector and certain companies; trade barriers; exchange controls, managed adjustments in relative currency values (foreign currency risk) and other protectionist measures; and relatively new and unsettled securities laws. Additional risk information may be found in the prospectus.

Investors should carefully consider the Hood River International Opportunity 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 or go to www.hoodrivercapital.com. Please read the prospectus carefully before investing or sending money.

Performance quoted represents past performance, which is no guarantee of future results.  Investment returns and principal value will fluctuate, so you may have a gain or loss when shares are sold.  Current performance may be higher or lower than quoted.  Please call 800-497-2960 to obtain current and the most recent month-end performance data. Investments involve risk, principal loss is possible.

The Hood River Funds are distributed by Quasar Distributors, LLC. Hood River Capital is the adviser to the Funds.