Why Repulse is the last battle cruiser in Fisher's original sense

What was the last battle cruiser built, excluding later ships sometimes called battlecruisers?

Repulse, because Hood was modified during construction into a more balanced one-word battlecruiser concept.

The panel draws a deliberate distinction between Fisher's battle cruiser as two words and the later battlecruiser category. Renown and Repulse were built around the idea that speed could substitute for protection, making Repulse the last completion in that original sense. Hood began under related assumptions but was altered during construction with greater protection and a more balanced role. That design evolution matters more than the date on which each hull entered service. The answer is a compact guide to why classification should follow intended fighting concept rather than treating every fast capital ship as the same type.