Investor Summary

The Hood River International Opportunity Fund is managed by four co-founding portfolio managers: Brian P. Smoluch, David G. Swank, Lance Cannon, and Rohan Kumar. Hood River Capital Management LLC was co-founded in 2013 by these four individuals, who hold degrees from prestigious universities. The management team's collective experience spans over two decades in proprietary fundamental research, with a particular focus on exploiting inefficiencies in small-cap equity markets. Their collaborative approach to portfolio management reflects a shared investment philosophy developed through years of working together in the investment management industry. The fund was incorporated on September 28, 2021 and has achieved exceptional performance recognition, receiving a Morningstar Rating of 5 stars for the three-year period as of January 31, 2026, ranking in the top 1-2 percentile among peer funds.

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Fund Strategy

Hood River Capital Management believes the U.S. and international small-cap markets are relatively inefficient and their process is designed to profit from those inefficiencies. The International Opportunity strategy focuses on a long-only portfolio of 80–85 international small-cap stocks, benchmarked to the MSCI ACWI Ex USA Small Cap. The approach leverages over two decades of proprietary fundamental research to exploit inefficiencies in the international small-cap equity market. Key investment criteria include identifying companies with market capitalizations under $5 billion that are growing at 15% or more annually. Hood River corroborates earnings estimates through direct engagement with company management, customers, and suppliers, then compares these estimates against Wall Street expectations to uncover potential information gaps.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
14.0% 6.7% 41.5%
2025 2024
41.5% 20.2%