HRSMX Fees and Costs — Hood River Small-Cap Growth Fund, Institutional Shares
Data updated: 2026-09-14
The net expense ratio is 1.07%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4.3M in broker commissions, 0.0830% of average net assets, and portfolio turnover was 102%.
HRSMX Fees and Expenses
Annual operating expenses and sales charges of HRSMX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 1.07% |
| Fee waiver | — |
| Net expense ratio | 1.07% |
| 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 |
HRSMX Costs Over Time
On $10,000 invested in HRSMX, assuming 5% a year before costs, total costs come to $719 over 5 years, cutting the return by 1.21% 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 1.07%) | $112 | $350 | $606 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $396 | $719 |
| Value after costs | $10,379 | $11,180 | $12,044 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
HRSMX 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): 0.0830%
- Total broker commissions: $4.3M
- Bought from dealers (principal trades, not a cost): $5.5B
- Portfolio turnover (prospectus): 102%
- Securities on loan, average value: $946.5M
- Net income from securities lending: $4.0M (0.078% of average net assets)
HRSMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Pershing, LLC | $699K | 22.10% |
| Instinet, LLC | $681K | 21.54% |
| Cantor Fitzgerald & Co. | $466K | 14.74% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $430K | 13.61% |
| National Financial Services, LLC | $231K | 7.31% |
| Jefferies LLC | $179K | 5.67% |
| Goldman Sachs & Co., Inc. | $135K | 4.27% |
| J.P. Morgan Securities, LLC | $117K | 3.69% |
| Raymond James & Associates, Inc. | $112K | 3.55% |
| RBC Capital Markets, LLC | $111K | 3.50% |
HRSMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Pershing, LLC | $88.6M | 21.93% |
| Goldman Sachs & Co., Inc. | $57.2M | 14.16% |
| Merrill Lynch, Pierce, Fenner & Smith, Inc. | $55.6M | 13.75% |
| Oppenheimer & Co., Inc. | $47.9M | 11.86% |
| J.P. Morgan Securities, LLC | $42.7M | 10.57% |
| National Financial Services, LLC | $36.2M | 8.95% |
| RBC Capital Markets, LLC | $28.4M | 7.02% |
| Morgan Stanley & Co., LLC | $20.8M | 5.16% |
| B. Riley Securities Inc. | $18.2M | 4.49% |
| UBS Securities LLC | $8.5M | 2.11% |
Hood River Small-Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| HRSIX | Retirement Shares | 0.97% | — |
| HRSMX | Institutional Shares | 1.07% | — |
| HRSRX | Investor Shares | 1.32% | — |
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.