Grandeur Peak Funds

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Grandeur Peak Global Reach Fund (GPROX/GPRIX)

The Global Reach Fund focuses on identifying best-in-class companies and great equity investment opportunities throughout the world.

Fund Facts
Style: Global Small/Micro Cap
Status: Hard Close*
Inception: 6/19/2013
Total Net Assets: $283.4 Millionas of 07/25/2016
Investor Class
Symbol: GPROX
CUSIP: 31761R104
Net Asset Value: $12.54 as of 07/25/2016
Expense Ratio1: Gross 1.59% / Net 1.59% as of 08/31/2015
Minimum Investment: $2000/$100 UTMA
Institutional Class
Symbol: GPRIX
CUSIP: 31761R203
Net Asset Value: $12.56 as of 07/25/2016
Expense Ratio1: Gross 1.34% / Net 1.34% as of 08/31/2015
Minimum Investment: $100,000

Description

A diversified portfolio of our favorite global equities with a strong bias towards small and micro cap companies. Investments will include companies based in the U.S., developed foreign countries, and emerging/frontier markets. The portfolio has flexibility to adjust its investment mix by market cap, country, and sector in order to invest where we believe the best global opportunities currently exist. Expected to typically have 300-500 holdings.

FAQ

For more information about the Global Reach Fund please visit the FAQ page.

Fund Managers

LIPING CAI, CFA, MS, MBA
PORTFOLIO MANAGER & SR. RESEARCH ANALYST
Ms. Cai is a portfolio manager on the Global Reach Fund and is our primary analyst on the Health Care sector. She plays a lead role in covering China and Hong Kong. She joined Grandeur Peak in 2013 after six years at William Blair where she lead the firm’s China-based research team. Previously, Ms. Cai spent seven years in the health care field as a research associate, market analyst, and consultant. Ms. Cai is native Chinese and speaks Mandarin and Cantonese.

ZACH LARKIN, MBA
PORTFOLIO MANAGER & SR. RESEARCH ANALYST
Mr. Larkin is a portfolio manager on the Global Reach Fund and is our primary analyst on the Industrials sector. He plays a lead role in covering Taiwan. Mr. Larkin has been a research analyst since 2003, first at Wasatch Advisors and more recently at Stephens. Mr. Larkin lived in Paraguay for two years and speaks Spanish.

RANDY PEARCE, CFA, MBA
PORTFOLIO MANAGER, SR. RESEARCH ANALYST & CO-DIRECTOR OF RESEARCH
Mr. Pearce is a portfolio manager on the Global Reach, Global Stalwarts and International Stalwarts Funds. Mr. Pearce is a guardian portfolio manager on the Emerging Markets Opportunities and International Opportunities Funds. Mr. Pearce is our primary analyst on the Financials sector. Mr. Pearce was a financial sector and general analyst at Wasatch Advisors from 2005-09. Mr. Pearce lived in Brazil for two years and speaks Portuguese.

STUART RIGBY, MBA
PORTFOLIO MANAGER & SR. RESEARCH ANALYST
Mr. Rigby is a portfolio manager on the Global Reach Fund and is our primary analyst on the Technology sector. He plays a lead role in covering the United States and Israel. Prior to joining Grandeur Peak in 2012, Mr. Rigby worked as a Product Manager at Alliance Health Networks and as a Software Engineer at Intelisum. During his MBA program at Cornell, Mr. Rigby interned at Opteris and Epic Ventures. Mr. Rigby has lived in Mexico and Spain and speaks Spanish.

AMY HU SUNDERLAND, CFA
PORTFOLIO MANAGER & SR. RESEARCH ANALYST
Ms. Sunderland is a portfolio manager of the Global Micro Cap Fund, Global Opportunities Fund and Global Reach Fund. Ms. Sunderland is our primary analyst on the Consumer sector. She plays a lead role in covering Singapore, Malaysia and Indonesia. Ms. Sunderland was a small cap analyst at Wasatch Advisors from 2003-2011. She is native Chinese and speaks Mandarin. Ms. Sunderland splits her time between Hong Kong and Salt Lake City.

BLAKE WALKER
CHIEF INVESTMENT OFFICER & PORTFOLIO MANAGER
Mr. Walker is a portfolio manager of the Emerging Markets Opportunities, Global Reach, Global Stalwarts, International Opportunities and International Stalwarts Funds. Mr. Walker is a guardian portfolio manager of the Global Micro Cap Fund 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).

Why We Started This Fund

We had previous experience managing a global fund. Through our travels around the world visiting companies it had become clear to us that in order to understand a company's potential we had to understand its customers, competitors, and suppliers on a global scale. In doing so we found a tremendous number of high quality, growing, and underfollowed small/micro cap companies abroad. To invest in Best-In-Class companies and to find the best investment opportunities the fund had to be a global fund.

Among more than 30,000 companies in our investment universe it is easy for us to find 300-500 companies (1-2% of our universe) that we believe are very interesting investments. This broader basket of holdings provides a more diversified Fund for shareholders, while also serving as an umbrella portfolio to all of the other Grandeur Peak Funds. If we manage this Fund well, all of our other Funds become much easier to manage.

*Closed to all investors, except existing investors with an established automatic investment plan and/or an established position in a retirement account.

1 Grandeur 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 1.60% and 1.35% 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, 2016. 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.

CFA is a trademark owned by the CFA Institute.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. Click the link to obtain a Grandeur Peak Emerging Markets Opportunities Fund Prospectus, Grandeur Peak Global Micro Cap Fund Prospectus, Grandeur Peak Global Opportunities Fund Prospectus, Grandeur Peak Global Reach Fund Prospectus, Grandeur Peak Global Stalwarts Fund Prospectus, Grandeur Peak International Opportunities Fund Prospectus, or Grandeur Peak International Stalwarts Fund Prospectus, which contain this and other information, or call 1.855.377.PEAK (7325). Read the prospectus carefully before investing.

Important Risks

Mutual fund investing involves risks and loss of principal is possible.

Investing in small and micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds.

Investing in foreign securities entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Investments in emerging markets are subject to the same risks as other foreign securities and may be subject to greater risks than investments in foreign countries with more established economies and securities markets.

Investing in foreign and smaller companies risks may increase the volatility of the funds and the potential loss of principal.

Grandeur Peak Funds are distributed by ALPS Distributors, Inc. (ADI). Separately Managed Accounts and related investment advisory services are provided by Grandeur Peak Global Advisors, a federally regulated Investment Advisor. ADI is not affiliated with Grandeur Peak Global Advisors.

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