Manager Directed Portfolios
08/27/2026 | Press release | Distributed by Public on 08/27/2026 07:53
Prospectus by Investment Company (Form 497)
Hood River Small-Cap Growth Fund
Hood River International Opportunity Fund
Hood River New Opportunities Fund (the "Funds"),
each, a series of Manager Directed Portfolios (the "Trust")
Supplement dated August 27, 2026
to the Statement of Additional Information ("SAI"),
dated October 31, 2025 as supplemented
Effective immediately, the below tables in the section of the SAI entitled "Portfolio Managers - Ownership of securities" are hereby deleted and replaced with the following:
Hood River Small-Cap Growth Fund
| Portfolio Manager | Dollar Value of Portfolio Shares Beneficially Owned | ||||
| Brian P. Smoluch | Over $1,000,000 | ||||
| David G. Swank | Over $1,000,000 | ||||
Hood River International Opportunity Fund
| Portfolio Manager | Dollar Value of Portfolio Shares Beneficially Owned | ||||
| Brian P. Smoluch | Over $1,000,000 | ||||
| David G. Swank | Over $1,000,000 | ||||
| Lance R. Cannon | Over $1,000,000 | ||||
| Rohan B. Kumar | $100,001 - $500,000 | ||||
Please retain this supplement for future reference.
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