Morningstar® Investment Profile™   Morningstar®
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Hood River Small-Cap Growth Instl  HRSMX
Release date as of 2019-10-31. Data on page is subject to change.
Snapshot Total Returns Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2019-10-31
Out of 573
Small Growth Funds
Morningstar®
Style Box™
What is this?
As of 2019-06-30
Total Fund Assets ($ Mil)
529.65
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks superior long-term growth of capital.
The fund normally invests at least 80% of its net assets plus any borrowings for investment purposes in the following equity (or equity-related) securities: Common stocks of U.S. corporations that are judged by the investment adviser to have strong growth characteristics or to be undervalued in the marketplace relative to underlying profitability and have a market capitalization which, at the time of purchase, is consistent with the capitalization ranges of the S&P SmallCap 600® and Russell 2000® Growth Indices; Options on, or securities convertible into, the common stock of small-cap companies, etc.
  Morningstar Category: Small Growth
Small-growth portfolios focus on faster-growing companies whose shares are at the lower end of the market-capitalization range. These portfolios tend to favor companies in up-and-coming industries or young firms in their early growth stages. Because these businesses are fast-growing and often richly valued, their stocks tend to be volatile. Stocks in the bottom 10% of the capitalization of the U.S. equity market are defined as small cap. Growth is defined based on fast growth (high growth rates for earnings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). 
  Performance
Growth of $10,000
(from 2009-01-01 to 2019-10-31)
Investment: Hood River Small-Cap Growth Instl
Benchmark 1: S&P 500 TR USD
Benchmark 2: Russell 2000 Growth TR USD
Category: Small Growth
This graph presents historical performance for the investment as well as an index and/or peer group. If the investment, index and/or peer group have performed similarly, the line representing the fund will overlay the index and/or peer group. Therefore, the line(s) representing the index and/or peer group history may be hidden.
Total Annualized Returns %
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Investment 15.39 -0.27 12.24 8.71 14.15 11.48
S&P 500 TR USD 23.16 14.33 14.91 10.78 13.70 9.65
Russell 2000 Growth TR USD 18.62 6.40 13.22 8.38 13.38 10.56
Category 18.97 6.66 14.24 8.87 13.12 9.60
Morningstar Rating --- --- ---
# of compared Small Growth funds covered (3 yrs : out of 573 funds) (5 yrs : out of 514 funds) (10 yrs : out of 393 funds)
Ratings reflect risk-adjusted performance and are derived from a weighted average of the performance figures associated with its three, five and ten-year (if applicable) time periods.
Investment results shown represent historical performance and do not guarantee future results. Investment returns and principal values fluctuate with changes in interest rates and other market conditions so the value, when redeemed may be worth more or less than original costs. Current performance may be lower or higher than the performance data shown.
Fees and Expenses
Total Annual Operating Expense 1.14%
Prospectus Net Expense Ratio 1.09%
Maximum Sales Charge ---
The total annual operating expense shown is before management fee waivers or expense caps. For more information on waivers/reimbursements, please see the prospectus. The total annual operating expense is also referred to as the prospectus gross expense ratio.
Waiver Data
Type Date %
ExpenseRatio Contractual 2020-12-31 0.05
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 96.7
Bullet Non-U.S. Stocks Non-U.S. Stocks 1.7
Bullet Bonds Bonds 0.0
Bullet Cash Cash 1.6
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2019-06-30
Morningstar Equity Sectors
% of Stocks
Cyclical 22.86
Basic Materials 2.42
Consumer Cyclical 9.44
Financial Services 7.59
Real Estate 3.41
Sensitive 46.17
Communication Services 0.00
Energy 0.43
Industrials 18.77
Technology 26.97
Defensive 30.96
Consumer Defensive 6.34
Healthcare 24.62
Utilities 0.00
Data through 2019-06-30
Holding Status
Total Number of Stock Holdings 94
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 24.31
Turnover % (as of 2019-06-30) 98.00
30 Day SEC Yield % ---
Top Holdings
Sector P/E % of Net
Assets
Sage Therapeutics Inc --- 3.08
Eldorado Resorts Inc 29.59 2.82
FirstCash Inc 28.41 2.68
Chart Industries Inc 54.64 2.44
Kinsale Capital Group Inc 44.84 2.38
Harsco Corp 117.65 2.38
Charles River Laboratories International Inc 42.74 2.33
Amarin Corp PLC ADR --- 2.14
MasTec Inc 12.90 2.07
CoStar Group Inc 90.09 1.99
Data through 2019-06-30
  Principal Risks   
Foreign Securities, Loss of Money, Not FDIC Insured, Growth Investing, High Portfolio Turnover, Market/Market Volatility, Depositary Receipts, Equity Securities, Industry and Sector Investing, IPO, Other, Restricted/Illiquid Securities, Underlying Fund/Fund of Funds, Derivatives, Pricing, Management, Small Cap
Show Risk Definitions
  Other Information
Inception Date: 2003-01-02
Portfolio Manager(s)
David G. Swank   (2009-04-30)
David founded Hood River and has over 20 years of investment management experience. Before starting Hood River, David spent three years at Roxbury Capital Management managing the Small-Cap Growth portfolio. Prior to Roxbury, he worked for GMT Capital Corporation as Vice President, Healthcare Sector Head of a $4 billion long/short equity hedge fund. Prior to joining GMT Capital he was with Morgan Stanley Investment Management. He began his investment career as a research associate in 1994 with Furman Selz and later worked at Montgomery Securities. David has a B.S. with Distinction from the University of Virginia and an M.B.A. from the Tuck School of Business at Dartmouth College.
Robert C. Marvin   (2003-01-02)
Rob founded Hood River and has over 26 years of investment management experience. Before starting Hood River, Rob spent 10 years at Roxbury Capital Management managing the Small-Cap Growth strategy. Prior to Roxbury, he was a portfolio manager and equity analyst on the small/mid-cap investment team at Columbia Management Group. Before joining Columbia, he was a vice president and consumer analyst for The Seidler Companies, a boutique research and brokerage firm. Rob began his career as a senior consultant at Deloitte & Touche where he earned his CPA (license inactive). He has a B.S. in business administration from the University of California, Berkeley and an M.B.A. in finance from The Anderson School of Business at UCLA.
Brian P. Smoluch   (2003-01-02)
Brian founded Hood River and has over 20 years of investment management experience. Before starting Hood River, Brian spent 10 years at Roxbury Capital Management managing the Small-Cap Growth strategy. Prior to Roxbury, he was a portfolio manager and equity analyst on the small/mid-cap investment team at Columbia Management Group. Previously, he was a financial analyst at Salomon Brothers investment banking in New York. Brian has a B.S. with Distinction from the University of Virginia and an M.B.A. in finance from Harvard University.
Investment Advisor(s)
Hood River Capital Management LLC
Issuer
Hood River Capital Management
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.