Grandeur Peak Emerging Markets Opportunities Fund (GPEOX/GPEIX)
THE EMERGING OPPORTUNITIES FUND FOCUSES ON IDENTIFYING BEST-IN-CLASS COMPANIES AND GREAT EQUITY INVESTMENT OPPORTUNITIES IN EMERGING AND FRONTIER MARKETS.
|Style:||Emerging Markets Small/Micro Growth|
|Total Net Assets:||$384.3 Millionas of 12/09/2016|
|Net Asset Value:||$10.56as of 12/09/2016|
|Expense Ratio1:||Gross 1.81% / Net 1.81% as of 08/31/2016|
|Minimum Investment:||$2000/$100 UTMA|
|Net Asset Value:||$10.51 as of 12/09/2016|
|Expense Ratio1:||Gross 1.56% / Net 1.56% as of 08/31/2016|
A portfolio of our favorite equities in emerging and frontier markets, with a strong bias towards small and micro cap companies. The portfolio has flexibility to adjust its investment mix by market cap, country, and sector in order to invest where we believe the best opportunities currently exist. Expected to typically have 100-175 holdings.
PORTFOLIO MANAGER & SR. RESEARCH ANALYST
Mr. Stewart is a portfolio manager on the Emerging Markets Opportunities and International Opportunities Funds. He plays a lead role in covering South and Southeast Asia. Mr. Stewart spent four years at Wasatch Advisors and five years at small cap boutique Sidoti & Co. before joining Grandeur Peak in 2011. Mr. Stewart is the son of Wasatch Advisors founder, Sam Stewart.
CHIEF INVESTMENT OFFICER & PORTFOLIO MANAGER
Mr. Walker is a portfolio manager of the Emerging Markets Opportunities, Global Stalwarts, International Opportunities and International Stalwarts Funds. Mr. Walker is a guardian portfolio manager of the Global Micro Cap Fund, Global Reach and Global Opportunities Fund. He plays a lead role in covering Western and Southern Europe and Canada. Mr. Walker is Canadian and a veteran manager who has been investing globally in small and micro cap companies since 2001. Mr. Walker ran the Wasatch International Opportunities Fund ('05-'11) and co-managed the Wasatch Global Opportunities Fund ('08-'11).
Guardian Portfolio Manager
ROBERT GARDINER, CFA
CEO, DIRECTOR OF RESEARCH, & PORTFOLIO MANAGER
Mr. Gardiner is a portfolio manager of the Global Micro Cap Fund and Global Opportunities Fund and a guardian portfolio manager on all other Grandeur Peak Funds. He plays a lead role in covering the United Kingdom. Mr. Gardiner is a distinguished portfolio manager who has been managing micro and small cap portfolios since 1986, including the Wasatch Micro Cap Fund ('95-'06), Wasatch Small Cap Value Fund ('97-'01), and Wasatch Global Opportunities Fund ('08-'11).
RANDY PEARCE, CFA, MBA
PORTFOLIO MANAGER, SR. RESEARCH ANALYST & CO-DIRECTOR OF RESEARCH
Mr. Pearce is a portfolio manager of the Global Stalwarts and International Stalwarts Funds. Mr. Pearce is a guardian portfolio manager on the Global Reach, Emerging Markets Opportunities and International Opportunities Funds. Mr. Pearce is our primary analyst on the Financials sector. He plays a lead role in covering Central and South America. Mr. Pearce was a financial sector and general analyst at Wasatch Advisors from 2005-09. Mr. Pearce lived in Brazil for two years, speaks Portuguese and holds the CFA designation.
Why We Started This Fund
Through our travels around the world visiting companies we find a tremendous number of high quality, growing, and underfollowed small/micro cap companies in emerging and frontier markets. We believe these markets are positioned to be the fastest growing segment of the global economy over the coming decade, and small and micro cap companies are in a unique position to leverage the tremendous expected growth in the middle class. Yet, few investors in these markets are looking at small and micro cap companies.
*Closed to all investors, except existing investors with an established automatic investment plan and/or an established position in a retirement account.
1Grandeur Peak Global Advisors, LLC (the "Adviser"), has agreed to waive and/or reimburse fees or expenses in order to limit Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement (excluding acquired fund fees and expenses, brokerage expenses, interest expenses, taxes and extraordinary expenses) to 1.95% and 1.70% of the Fund’s average daily net assets for the Fund’s Investor Class Shares and Institutional Class Shares, respectively. This agreement (the "Expense Agreement") is in effect through August 31, 2017. The Adviser will be permitted to recover, on a class-by-class basis, expenses it has borne through this agreement to the extent that the Fund’s expenses in later periods fall below the annual rates set forth in this agreement or in previous agreements. Notwithstanding the foregoing, the Fund will not be obligated to pay any such deferred fees and expenses more than three years after the end of the fiscal year in which the fee and expenses was deferred. This agreement may not be terminated or modified prior to this date except with the approval of the Fund’s Board of Trustees.