Morningstar Rating™

(9/30/22) Hood River Capital Management is pleased to announce that the Hood River Small Cap Growth Fund (HRSMX) has received a 5-Star Overall Morningstar Rating™ in the Small Growth category (out of 583 Funds) as of September 30, 2022.  Morningstar bases its ratings on a quantitative assessment of risk-adjusted returns over the trailing three, five and ten year periods, and intends the rating to enable investors to distinguish among funds that use a similar strategy.

”This rating has reflected Hood River’s success in generating strong long-run returns while taking less market risk than its benchmark, the Russell 2000 Growth Index,” commented David Swank, Hood River Capital Management’s President and Chief Investment Officer.  “Our consistent emphasis on original research helps us identify quality companies whose fundamentals we believe will favorably surprise investors and lead to above-market returns.  We are gratified that we have been able to provide our clients with such returns while maintaining a relatively conservative portfolio, and we are excited to seek to extend this track record into the future.”

The Hood River Small Cap Growth Fund is available to buy directly, and is also available to buy via various leading mutual fund platforms.

About Hood River Capital Management LLC

Hood River Capital Management LLC manages stock portfolios for clients including pension funds, endowments and high net worth individuals.  Its portfolio managers, who own 100% of the firm, strive to generate strong returns by focusing on bottom-up, primary research in less-efficient areas of the equity markets.  Hood River Capital Management was founded in 2013 via a spinout from Roxbury Capital Management.

For more information regarding Hood River Capital Management LLC, contact:

Maureen Flaherty
[email protected]

Investment Considerations:

The Fund may experience negative performance.  There can be no guarantee that any strategy (risk management or otherwise) will be successful.  All investing involves risk, including the loss of principal. The fund invests in small capitalization companies which present a greater risk of loss than investment in large companies 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 IPOs, which are highly volatile.  Additional risk information may be found the Fund’s prospectus.

Past performance is no guarantee of future results. Ratings reflect fee waivers in effect; in their absence, ratings may have been lower.

Hood River Small Cap Growth Fund (Class I) was rated against the following numbers of U.S.-domiciled small growth funds over the following time periods: 583 funds in the last three years, 534 funds in the last five years, 399 funds in the last 10 years. With respect to these Small Growth Funds, Hood River Small Cap Growth Fund received a Morningstar Rating of 5 stars, 5 stars and 5 stars for the three-, five- and 10-year periods, respectively as of September 30, 2022. The Morningstar Rating™ for funds, or “star rating,” is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history.  Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes.  It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance.  The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.  The Overall Morningstar Rating™ for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating™ metrics.  The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns.  While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. The Fund does not pay Morningstar for ratings, but does pay a licensing fee for the use of this data.

Investors should carefully consider the Hood River Small Cap Growth 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 Please read the prospectus carefully before investing or sending money.

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

Hood River Capital Management LLC serves as the advisor to the Fund.