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Terms of Use

Please carefully read the following Terms of Use (“Terms of Use”) before using this website (the “Site”). By using the Site, you accept and agree to be bound by these Terms of Use. The Site is owned and operated by Grandeur Peak Global Advisors, LLC and its affiliates and related parties (collectively, “Grandeur Peak” or “we”). Grandeur Peak may periodically modify these Terms of Use, and any such modifications will be effective immediately upon posting. We suggest that you periodically check these Terms of Use for modifications. If you do not agree to any of these Terms of Use, do not use the Site.

Grandeur Peak may also modify, suspend, discontinue, or restrict the use and availability of any portion of the Site at any time, without notice or liability. Your use of the Site may be monitored by Grandeur Peak and used for Grandeur Peak’s internal business purposes, without liability.

1. Grandeur Peak Funds. The mutual funds described on the Site and referred to as the Grandeur Peak Funds (the “Funds”) are offered only by a current prospectus. You may obtain access to the prospectus for any of the Funds at any time while in the Site by selecting the link at the bottom of each page. The prospectus contains more complete information on the Funds, including information on their investment objectives, strategies, risks, and advisory fees and other expenses; you should read the prospectus carefully before deciding to invest in the Funds. You may obtain a free paper copy of the prospectus by calling 1-855-377-7325 or by submitting a request by email to grandeurpeak@ultimusfundsolutions.com.

Grandeur Peak is not the same as the Funds. Rather, Grandeur Peak is a federally registered investment adviser that manages and advises the Funds. If you access your Funds account by clicking on the “Account Log In” link at the top of any page in the Site, you will be redirected to a website operated by the administrator of the Funds, which is Ultimus Fund Solutions, LLC (“Ultimus”). Ultimus and Grandeur Peak are not affiliated.

The materials available on the Site are not an offer or a solicitation of an offer to buy any of the Funds, nor shall any of the Funds be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

Investment return and principal value of the Funds will fluctuate with market conditions, and you may have a gain or loss when you sell your shares. Past performance does not guarantee future results. Mutual funds and other investment products are not FDIC insured; are not deposits or obligations of, or guaranteed by, any financial institution; and are subject to risks, including possible loss of the principal amount invested. These risks, and other risks that particular funds may be subject to, are discussed in each fund’s prospectus.

The Site is not intended to provide any tax, legal, insurance or investment advice, and nothing on the Site should be construed as a recommendation, by Grandeur Peak or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. Any tools available on the Site are not to be construed as Grandeur Peak providing investment recommendations or advice. You alone are solely responsible for determining whether any investment, security or strategy or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should consult an attorney or tax professional regarding your specific legal or tax situation.

Grandeur Peak manages and operates this Site from our offices in the State of Utah, United States of America. We do not claim that the materials in this Site are appropriate or available for use in any jurisdiction other than Utah.

If you access this Site from other locations, you do so on your own initiative. Because of the global nature of the Internet, you agree to comply with all local laws and rules with respect to your account, the operation and use of the Site, and your online conduct, including all laws, rules, codes, and regulations of the country in which you reside and the country from which you access the Site, including without limitation, all laws, rules, codes, regulations, decrees, acts, orders, directives, legislation, bills, and statutes pertaining to tax, contracts, intellectual property, securities, e-commerce, banking, technology, computers, fraud, and privacy. In addition, you agree to comply with all applicable laws, rules, codes, and regulations regarding the transmission of technical data exported from the United States.

Without limiting the foregoing, you agree to comply with such restrictions and not to export or re-export any of the Site to countries or persons prohibited under the export control laws of the United States. These Terms of Use inure to the benefit of Grandeur Peak, its successors and assigns. You may not assign the Terms of Use. No waiver shall be effective unless in writing signed by an authorized officer of Grandeur peak. All rights not expressly granted herein are reserved by Grandeur Peak.

The laws of the State of Utah govern these Term of Use, without regard to conflicts of law principles. In case of any legal action relating to or arising from these Terms of Use, you agree to and consent to submit to the exclusive personal jurisdiction of the Utah state courts located in Salt Lake County, State of Utah or the United States District Court for the District of Utah.

You acknowledge that the Site and its content is protected by applicable copyrights, trademarks, trade secrets, proprietary rights and other intellectual property laws, and that these rights are valid and protected in all forms, media, and technologies existing now or developed in the future. Accordingly, you may not copy, distribute, modify, post or frame-in the Site or any of its content, including any text, graphics, video, audio, software code, user interface design or logos, except as explicitly authorized below or by us in writing.

Permitted uses. Grandeur Peak grants you a non-exclusive, personal, non-transferable, non-sublicensable, limited and revocable right to access, use and display this Site on any computers or other electronic display devices of which you are a user, for your personal and non-commercial use only (the “Permitted Uses”). You agree to use the Site only for lawful purposes, for the Permitted Uses, and not for any prohibited uses listed in these Terms of Use. No other use of the Site is authorized unless you and we have agreed otherwise in writing.

You may print copies of the Site’s content, provided that these copies are made only for the Permitted Uses and that you include any notices and any legal information contained in the Site content, such as all copyright notices, trademark legends, or other proprietary rights notices as well as all associated legal caveats furnished on the Site. Limited linking to the Site is permitted if done in full compliance with all applicable laws, these Terms of Use, and our Linking Policy below.

Prohibited uses. You are prohibited from any use of the Site that would give rise to liability or otherwise violate any applicable laws or regulations or the Terms of Use. You may not publicly perform, publicly display, transmit, publish, participate in the sale or transfer of, modify, or create derivative works based on anything available through the Site, in whole or in part. You shall not store electronically any significant portion of any part of the Site. No reverse engineering, linking, framing, or modification of any part of the Site is allowed without our written approval. Any modification or unauthorized use is a violation of Grandeur Peak’s copyrights and other proprietary rights.

Trademarks and copyrights. All trademarks, service marks, and logos appearing on the Site are the exclusive property of their respective owners. Similarly, all materials on the Site, whether separate or compiled, including, but not limited to, text, graphics, audio clips, logos, buttons, images, digital downloads, data compilations, software, icons, html code and xml code, as well as all copyright, patent, trademark, trade dress, and other rights therein, are owned or licensed by Grandeur Peak and its third-party information providers, and are protected by applicable intellectual property laws.

All Grandeur Peak graphics, logos, page headers, fund names, and service names are trademarks, service marks, or trade dress of Grandeur Peak. Grandeur Peak’s trademarks, service marks and trade dress may not be used in connection with any product or service that is not Grandeur Peak’s, in any manner that is likely to cause confusion among customers or investors, or in any manner that disparages or discredits Grandeur Peak. Nothing contained on the Site should be construed as granting any license or right in or to any trademarks, service marks, or trade dress of Grandeur Peak.

We reserve the right to remove from the Site any content that infringes, or is alleged to infringe, someone’s copyright.

Individuals may, for personal use only, bookmark or point to any page within the Site. You may not link to this Site unless you comply with the following conditions. Grandeur Peak grants you a limited, revocable, nonexclusive right to create a hyperlink to the Site (“Link”), provided you comply at all times with the following conditions:

The Link must resolve to Grandeur Peak’s homepage at www.grandeurpeakglobal.com unaltered in any way;

The text of the Link must read either “Grandeur Peak,” “Grandeur Peak Global Investors,” or “www.grandeurpeakglobal.com.” You may not use any Grandeur Peak logo or graphic, or any other Grandeur Peak trademark, as part of the Link without Grandeur Peak’s express written permission; and

The Link and surrounding context on the linking site must not: (a) falsely represent or misrepresent any relationship between the linking site and Grandeur Peak, including suggestions of affiliation, endorsement, or sponsorship; (b) portray Grandeur Peak or its affiliates, employees, or agents, or their products or services, in a false, misleading, derogatory, or otherwise offensive manner; or (c) deliver the content of the Site in a framed environment or alter the layout, content, look, or feel of the Site.

5. Online Account Access. If you maintain an account that you access through the Site, you are solely responsible for maintaining the confidentiality of your account and password and for restricting access to your computer. You agree to accept responsibility for all activities occurring under your account or password that are due to your conduct, inaction, or negligence. Notify us immediately if you become aware of any disclosure, loss, theft or unauthorized use of your password.

Because all servers have limited capacity and are used by many people, you may not use the Site in any manner that could damage or overburden any Grandeur Peak server, or any network connected to any Grandeur Peak server. You may not use the Site in any manner that would interfere with any other party’s use of the Site.

Access to and use of password-protected and/or secure areas of the Site are restricted to authorized users only. You may not obtain or attempt to obtain unauthorized access to such parts of the Site, or to any other protected materials or information, through any means not intentionally made available by Grandeur Peak for your specific use. Unauthorized individuals attempting to access, or actually accessing, these areas can be subject to criminal and/or civil prosecution.

Grandeur Peak will not be responsible for the accuracy, completeness, timeliness, or suitability for use of any information provided by third parties through this web site, whether by hyperlink or otherwise.

Grandeur Peak is in no way responsible for the content of any site owned by a third party that may be linked to the Site via a hyperlink whether such hyperlink is provided by Grandeur Peak or by a third party. No judgment or warranty is made with respect to the accuracy or suitability of the content of any site to which the Site may link, including information on the site regarding the Site; and Grandeur Peak takes no responsibility therefore. By providing access to other web sites, Grandeur Peak is not recommending the purchase or sale of any stock issued by any company, nor is it endorsing services provided by any web site’s sponsoring organization. You will use any such third-party content at your own risk and you agree that Grandeur Peak is not liable for any loss or damage that you may suffer by using third-party websites or any content, advertising, products, or other materials in connection therewith.

8. Privacy, Personal Information, Unsolicited Communications, and Usage Monitoring.

Privacy Policy. Please see our Privacy Policy for a summary of the non-public personal information that we may collect and maintain about current or former investors, our policy regarding the use of that information, and the measures we take to safeguard the information.

Personal Information Transmission. Your use of the Site may involve the transmission of information, including personally identifiable data, about you. You consent to the transmission of such information by electronic means through the Internet and represent that such consent shall be effective each time you use the Site.

Unsolicited communications. We welcome your feedback about the Site and may use it to improve the Site. Should you provide unsolicited ideas, or material of any kind (“Communications”) that we then use to develop or market products, services, content, tools or information, you agree that we can do so without compensating you. By providing us with such Communications, you represent to us that you own all rights to it.

Technically this means that you hereby grant Grandeur Peak a perpetual, worldwide, royalty-free, irrevocable license to edit, reproduce, disclose, transmit, publish, broadcast, or post your Communications either on the Site or elsewhere with no liability or obligation to you. Grandeur Peak is free to use any ideas, concepts, know-how, or techniques obtained in your unsolicited Communications for any purpose including, but not limited to, developing and marketing products. Unless we state otherwise on the Site or in our Privacy Policy, any Communications that you email or otherwise transmit through the Site can be treated by us as non-confidential and nonproprietary.

Usage monitoring. We reserve the right, but do not have the obligation, to access, archive, or monitor any use of the Site, or your use of the Site and your Communications. By using the Site, you accept our right to access, archive, or monitor usage to ensure service quality, or to evaluate the Site, the security of the Site, compliance with these Terms of Use, or for any other reason. You agree that our monitoring activities will not entitle you to any cause of action or other right with respect to the manner in which we monitor your Site usage and enforce, or fail to enforce, these Terms of Use. You further agree that in no event will Grandeur Peak be liable for any damages incurred by you as a result of our usage monitoring.

9. Termination. The rights granted to you herein terminate immediately upon any violation by you of these Terms of Use. Grandeur Peak, in its sole discretion, reserves the right to temporarily or permanently terminate your access to and use of the Site at any time and for any reason whatsoever, without notice or liability. Grandeur Peak will not be liable to you or any third party for any termination of your access to or use of the Site.

All information and contents of the Site are furnished on an “as is” and “as available” basis. Grandeur Peak and its affiliates, subsidiaries, directors, officers, employees, agents, licensors, and any third-party information providers and vendors expressly disclaim, to the fullest extent of the law, any implied or express warranty of any kind, including without limitation the implied warranties of title, merchantability, fitness for a particular purpose, and non-infringement, and all warranties regarding security, currency, correctness, quality, accuracy, completeness, reliability, performance, timeliness, or continued availability, with respect to (i) the Site; (ii) any materials, products, or services available on or through the site; (iii) use of the Site, materials, products, or services; and (iv) the results of the use of the Site, materials, products, or services.

Grandeur Peak and its affiliates, subsidiaries, directors, officers, employees, agents, licensors, and any third-party information providers and vendors expressly disclaim all warranties with respect to any delays or errors in the transmission or delivery of any materials, products, or services available through the Site.

Except as provided by law, neither Grandeur Peak nor its third-party information providers and vendors has any responsibility to maintain or update the materials, products, or services offered on the Site or to supply corrections, updates, or releases for the same. If you live in a state that does not allow disclaimers of implied warranties, our disclaimer may not apply to you.

Grandeur Peak is not liable under any circumstances, including but not limited to negligence, for any indirect, special or consequential damages that may result from the use of, or the inability to use, the Site, even if we have been advised of the possibility of such damages.

Grandeur Peak is not liable for damages or injury, including but not limited to damages or injury caused by any performance or failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communication, theft or destruction or unauthorized access to, alteration of, or use of information, whether resulting, in whole or in part, from breach of contract, tortious behavior, negligence, or otherwise. If you live in a state that does not allow the limitation or exclusion of liability or incidental or consequential damages, the above limitation or exclusion may not apply to you.

In no event shall Grandeur Peak’s total liability to you for damages, losses, and causes of action, whether arising in contract, tort (including, negligence), or otherwise, exceed the amount paid by you, if any, for accessing this web site.

You agree to indemnify, defend, and hold harmless Grandeur Peak, its subsidiaries and affiliates, each of its and their officers, directors, employees, and agents, licensors, and vendors from and against all claims, demands, liabilities, damages, losses, or expenses, including attorney’s fees and costs, arising out of or related to your improper access to or use of this Site, or any violation by you of these Terms of Use.

12. Integration and Severability. If any of these terms of use is held to be unenforceable, the remaining provisions shall continue in full force and effect. The preceding terms of use represent the entire agreement between Grandeur Peak and you regarding the subject matter herein.

13. Headings. Headings are inserted for convenience of reference only and do not constitute a part of the terms of use.