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Hood River International Opportunity Fund
mutual fund
HRIOX
Payout Change
Pending
Price as of:
$11.7
+0.03
+0.26%
primary theme
International Mid-Cap Growth Equity
share class
HRIOX (Mutual Fund)
Hood River International Opportunity Fund
Payout Change
Pending
Price as of:
$11.7
+0.03
+0.26%
primary theme
International Mid-Cap Growth Equity
share class
HRIOX (Mutual Fund)
Hood River International Opportunity Fund
Payout Change
Pending
Price as of:
$11.7
+0.03
+0.26%
primary theme
International Mid-Cap Growth Equity
share class
Name
As of 12/31/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
0.0%
1 yr return
21.6%
3 Yr Avg Return
5.2%
5 Yr Avg Return
N/A
Net Assets
$16.7 M
Holdings in Top 10
31.6%
52 WEEK LOW AND HIGH
$11.7
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 5.49%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$25,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/31/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
HRIOX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return 5.2%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio N/A
- Dividend Yield 0.2%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameHood River International Opportunity Fund
-
Fund Family NameDakota Funds
-
Inception DateSep 28, 2021
-
Shares Outstanding226601
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Swank
Fund Description
The Fund invests primarily in common stocks and other equity securities of small-capitalization companies that are located in non-U.S. developed or emerging markets countries. In selecting securities for the Fund, Hood River seeks to invest in common stocks that are judged by Hood River to have strong growth characteristics or to be undervalued in the marketplace relative to underlying profitability.
Under normal market conditions, the Fund will invest in issuers located in at least ten of the countries included in the Morgan Stanley Capital International (MSCI) AC (All Country) World Index ex USA Small Cap Index.
The Fund may invest a significant portion of its assets (up to 50% under normal market conditions) at the time of purchase in securities of companies located in emerging markets countries. Emerging markets are those countries designated by the MSCI Emerging Markets Index. The Fund may also invest in pre-emerging markets, also known as frontier markets. The Fund may invest a large portion of its assets in a particular region or market, including Japan and European countries.
The Fund’s investments in foreign securities may include American Depositary Receipts (“ADRs”), Global Depositary Receipts (“GDRs”), European Depositary Receipts (“EDRs”), and International Depositary Receipts (“IDRs”). The Fund may also invest in preferred stock, real estate investment trusts (“REITs”), rights, and warrants. The Fund may purchase securities of companies engaged in initial public offerings (“IPOs”). The Fund may also use forward foreign currency exchange contracts (“forward contracts”) for hedging purposes. Forward contracts are contractual agreements to buy or sell a particular currency at a pre-determined price in the future.
The Fund may invest in the securities of other investment companies, including exchange-traded funds (“ETFs”), to the extent permitted by the Investment Company Act of 1940, as amended (the “1940 Act”), and the rules thereunder.
In selecting securities, the research process utilized by Hood River begins by screening a universe of stocks with market capitalizations of generally less than $5 billion which exhibit strong growth characteristics and attractive valuation relative to underlying profitability. In order to identify companies with such attributes, Hood River conducts fundamental analysis through discussions with management, customers, suppliers, competitors, and industry experts to forecast financial metrics for a potential investment target. The Fund’s portfolio will consist of companies for which Hood River has conviction in its own proprietary estimates and believes that they are significantly higher than consensus estimates.
The Fund is expected to maintain a portfolio of approximately 80-85 stocks, which is constructed with the overall goal of mitigating both issuer-specific and portfolio risk. However, the actual amount of the portfolio holdings may vary due to market conditions. Idiosyncratic risk is reduced by obtaining several independent data points that support Hood River’s financial model. Portfolio risk is addressed through position and sector sizing limits. The Fund is expected to have significant exposure to the industrials and information technology sectors.
Hood River periodically engages in active trading of Fund securities.
Hood River generally sells stocks when it believes they have become overvalued, when the fundamentals weaken, or if poor relative price performance persists.
HRIOX - Performance
Return Ranking - Trailing
| Period | HRIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -11.9% | 19.9% | 0.85% |
| 1 Yr | 21.6% | -12.3% | 19.9% | 0.85% |
| 3 Yr | 5.2%* | -21.3% | 5.1% | 0.88% |
| 5 Yr | N/A* | -12.6% | 8.0% | N/A |
| 10 Yr | N/A* | -3.8% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | HRIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 20.0% | -15.6% | 28.8% | 0.85% |
| 2023 | 28.8% | -46.4% | 20.4% | 45.76% |
| 2022 | -25.9% | -39.4% | 16.4% | N/A |
| 2021 | N/A | -30.6% | 62.2% | N/A |
| 2020 | N/A | 0.6% | 50.3% | N/A |
Total Return Ranking - Trailing
| Period | HRIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -11.9% | 19.9% | 0.85% |
| 1 Yr | 21.6% | -12.3% | 19.9% | 0.85% |
| 3 Yr | 5.2%* | -21.3% | 5.1% | 0.88% |
| 5 Yr | N/A* | -12.6% | 8.0% | N/A |
| 10 Yr | N/A* | -3.8% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HRIOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 20.2% | -12.3% | 30.7% | 0.85% |
| 2023 | 30.7% | -46.4% | 20.4% | 49.15% |
| 2022 | -25.9% | -39.3% | 24.7% | N/A |
| 2021 | N/A | -30.6% | 68.3% | N/A |
| 2020 | N/A | 9.7% | 50.7% | N/A |
NAV & Total Return History
HRIOX - Holdings
Concentration Analysis
| HRIOX | Category Low | Category High | HRIOX % Rank | |
|---|---|---|---|---|
| Net Assets | 16.7 M | 25.2 K | 6.45 B | 81.36% |
| Number of Holdings | 90 | 35 | 1300 | 55.08% |
| Net Assets in Top 10 | 5.25 M | 959 K | 1.07 B | 82.20% |
| Weighting of Top 10 | 31.56% | 10.5% | 63.9% | 27.12% |
Top 10 Holdings
- First American Treasury Obligations Fund 5.71%
- Mount Vernon Liquid Assets Portfolio, LLC 4.40%
- Applied Digital Corp 3.56%
- Voltamp Transformers Ltd 3.37%
- Genius Sports Ltd 3.15%
- GFL Environmental Inc 2.78%
- Sundaram Finance Ltd 2.31%
- Fabrinet 2.22%
- Triveni Turbine Ltd 2.16%
- Munters Group AB 1.89%
Asset Allocation
| Weighting | Return Low | Return High | HRIOX % Rank | |
|---|---|---|---|---|
| Stocks | 95.97% | 87.24% | 101.63% | 75.42% |
| Cash | 10.11% | 0.00% | 10.20% | 4.24% |
| Preferred Stocks | 0.48% | 0.00% | 8.74% | 22.03% |
| Other | 0.00% | -0.07% | 9.66% | 30.51% |
| Convertible Bonds | 0.00% | 0.00% | 0.00% | 21.19% |
| Bonds | 0.00% | 0.00% | 1.74% | 22.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HRIOX % Rank | |
|---|---|---|---|---|
| Industrials | 27.74% | 0.00% | 40.13% | 24.58% |
| Technology | 26.49% | 6.70% | 37.76% | 14.41% |
| Consumer Cyclical | 14.05% | 1.31% | 28.28% | 14.41% |
| Financial Services | 9.71% | 1.92% | 22.28% | 38.98% |
| Basic Materials | 9.14% | 0.00% | 18.70% | 24.58% |
| Energy | 4.82% | 0.00% | 9.29% | 16.10% |
| Real Estate | 2.48% | 0.00% | 13.00% | 61.02% |
| Communication Services | 2.22% | 1.49% | 23.23% | 88.14% |
| Healthcare | 1.74% | 1.74% | 29.97% | 100.00% |
| Consumer Defense | 1.61% | 1.61% | 17.90% | 100.00% |
| Utilities | 0.00% | 0.00% | 5.12% | 65.25% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HRIOX % Rank | |
|---|---|---|---|---|
| Non US | 63.83% | 63.83% | 98.83% | 100.00% |
| US | 32.14% | 0.00% | 32.14% | 0.85% |
HRIOX - Expenses
Operational Fees
| HRIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 5.49% | 0.02% | 41.09% | 11.02% |
| Management Fee | 1.05% | 0.00% | 1.75% | 81.36% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.05% | 0.26% | N/A |
Sales Fees
| HRIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| HRIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| HRIOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 8.00% | 236.00% | N/A |
HRIOX - Distributions
Dividend Yield Analysis
| HRIOX | Category Low | Category High | HRIOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.16% | 0.00% | 5.44% | 42.37% |
Dividend Distribution Analysis
| HRIOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| HRIOX | Category Low | Category High | HRIOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -1.81% | 1.51% | N/A |
Capital Gain Distribution Analysis
| HRIOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.019 | OrdinaryDividend |
| Dec 14, 2023 | $0.140 | OrdinaryDividend |
| Dec 09, 2021 | $0.021 | OrdinaryDividend |
HRIOX - Fund Manager Analysis
Managers
David Swank
Start Date
Tenure
Tenure Rank
Sep 28, 2021
0.67
0.7%
David founded Hood River Capital Management, which spun out of Roxbury Capital Management, where he managed the Small-Cap Growth product for 5 years. Prior to Roxbury, David worked for GMT Capital Corporation as the healthcare sector head of a $4 billion long/short equity hedge fund. He previously worked at Morgan Stanley Investment Management and began his career as a research associate at Furman Selz and 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.
Lance Cannon
Start Date
Tenure
Tenure Rank
Sep 28, 2021
0.67
0.7%
Lance joined Hood River in 2018 as a research analyst and has 13 years of financial market experience. Prior to joining Hood River, Lance was a senior analyst at USDR Investment Management. He previously performed equity research at TCW and Kayne Anderson Rudnick and was a managing director at GPS Capital Markets, Inc. Lance has a B.S. in business management, with an emphasis in finance, from Brigham Young University and an M.B.A. from The Anderson School of Management at the University of California, Los Angeles.
Rohan Kumar
Start Date
Tenure
Tenure Rank
Sep 28, 2021
0.67
0.7%
Rohan joined Hood River in 2015 as a research analyst and has 11 years of investment experience. Prior to joining Hood River, Rohan was a research analyst at Hawkeye Capital Management. He previously was an analyst at Reliance Capital and began his career as a Component Design Engineer at Intel. Rohan has a Bachelor of Technology in electrical engineering from the Indian Institute of Technology at Kharagpur, a Masters from Harvard’s Kennedy School and his M.B.A. from The Wharton School at the University of Pennsylvania.
Brian Smoluch
Start Date
Tenure
Tenure Rank
Sep 28, 2021
0.67
0.7%
Brian founded Hood River Capital Management, which spun out of Roxbury Capital Management, where he managed the Small-Cap Growth product for 10 years. Prior to Roxbury, Brian was part of the small/mid-cap team at Columbia Management. He began his career as an investment banking financial analyst at Salomon Brothers 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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.17 | 28.52 | 5.77 | 0.17 |
