HRIOX Fees and Costs — Hood River International Opportunity Fund, Retirement Shares
Data updated: 2026-09-14
The net expense ratio is 1.25% (2.12% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $864K in broker commissions, 0.2966% of average net assets, and portfolio turnover was 220%.
HRIOX Fees and Expenses
Annual operating expenses and sales charges of HRIOX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 2.12% |
| Fee waiver | −0.87% |
| Net expense ratio | 1.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
HRIOX Costs Over Time
On $10,000 invested in HRIOX, assuming 5% a year before costs, total costs come to $957 over 5 years, cutting the return by 1.62% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.25%) | $131 | $407 | $702 |
| Trading costs (broker commissions) | $31 | $97 | $167 |
| Lost growth on money paid in costs | $0 | $25 | $88 |
| Total costs | $162 | $529 | $957 |
| Value after costs | $10,338 | $11,047 | $11,806 |
| Impact on return, per year | 1.62% | 1.62% | 1.62% |
HRIOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.2966%
- Total broker commissions: $864K
- Bought from dealers (principal trades, not a cost): $994.4M
- Portfolio turnover (prospectus): 220%
- Securities on loan, average value: $34.0M
- Net income from securities lending: $218K (0.075% of average net assets)
HRIOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Instinet, LLC | $234K | 38.69% |
| Canaccord Genuity, LLC | $97K | 15.98% |
| Pershing, LLC | $56K | 9.22% |
| Citigroup Global Markets Inc. | $42K | 6.88% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $41K | 6.76% |
| Samsung Securities (America), Inc. | $33K | 5.51% |
| Jefferies LLC | $29K | 4.86% |
| Goldman Sachs & Co., Inc. | $29K | 4.73% |
| Nomura Securities International Inc. | $23K | 3.86% |
| CICC US Securities, Inc. | $21K | 3.50% |
HRIOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC Capital Markets, LLC | $7.2M | 14.86% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $5.9M | 12.20% |
| Deutsche Bank Securities Inc. | $5.4M | 11.24% |
| BOFA Securities, Inc. | $5.0M | 10.39% |
| Wedbush Securities, Inc. | $5.0M | 10.37% |
| First Ballantyne, LLC | $5.0M | 10.37% |
| Pershing, LLC | $4.8M | 9.87% |
| Cantor Fitzgerald & Co. | $3.6M | 7.45% |
| Drexel Hamilton, LLC | $3.2M | 6.66% |
| Jefferies LLC | $3.2M | 6.59% |
Hood River International Opportunity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HRITX | Institutional Shares | 1.16% | — |
| HRIOX | Retirement Shares | 1.25% | — |
| HRIIX | Investor Shares | 1.51% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.