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Grandeur Peak US Stalwarts Fund

(GUSYX)

Overview

Investment Objective

The Fund's investment objective is long-term growth of capital.

Investment Strategy

Under normal market conditions, the Adviser will invest at least 80 percent of the Fund's assets at the time of purchase in equity securities of companies that are domiciled in the United States. Domicile is determined by where the company is organized, located, has the majority of its assets, or receives the majority of its revenue. Domestic companies may have exposure to foreign countries. The Fund may also invest in securities of companies domiciled outside of the United States. The Adviser will invest the Fund's assets primarily in equity securities with market capitalizations of more than $1.5 billion at the time of purchase.

Fund Managers

Guardian Portfolio Manager

Performance

Monthly Performance as of , subject to change

CumulativeAnnualizedStatus
FundOpen/Closed
-
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Quarterly Performance as of , subject to change

CumulativeAnnualizedStatus
FundOpen/Closed
-
← Swipe to see additional data →

Performance data quoted represents past performance. Past performance is no guarantee of future results and investment returns and principal value of the Fund will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be higher or lower than the performance quoted. For the most current month-end performance data please visit www.grandeurpeakglobal.com.

() - Inception date of
Expense ratios as of prospectus dated are: : Gross / Net,

The Advisor may absorb certain Fund expenses, without which total return would have been lower. These expense agreements are in effect through August 31, 2020. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost.

Diversification does not eliminate the risk of experiencing investment loss.

Calendar Year Inception vs. Benchmark

Hypothetical Growth of $10,000

 

The chart shown above represents a hypothetical investment of $10,000 in the Fund’s Investor Class shares for the period from inception to . All returns reflect reinvested dividends, but do not reflect the deduction of taxes that an investor would pay on distributions or redemptions. Investing in the Fund is subject to investment risks, including possible loss of the principal amount invested. The Fund also offers Institutional Class shares, performance for which is not reflected in the graphs above. The performance of Institutional Class shares may be higher or lower than the performance of the Investor Class shares shown in the graphs above based upon differences in fees paid by shareholders investing in the Investor Class shares and Institutional Class shares.

The chart shown above represents a hypothetical investment of $10,000 in the Fund’s Institutional Class shares for the period from inception to . All returns reflect reinvested dividends, but do not reflect the deduction of taxes that an investor would pay on distributions or redemptions. Investing in the Fund is subject to investment risks, including possible loss of the principal amount invested.

Portfolio Detail

Portfolio Characteristics

Top 10 Holdings

View Full Holdings

Sector Weights

Market Cap

Regions

View Countries

Top 7 Countries

Holdings subject to change.

1 Estimated weighted average annual increase in Earnings Per Share (EPS) of the fund's holdings over the next 3 years. These returns are not guaranteed. Actual EPS growth may be higher or lower.

2 The trailing 12-month Price/Earnings (P/E) of the portfolio, calculated as a weighted harmonic average.

3 Weighted average Return on Assets (ROA) of the portfolio's holdings, calculated by dividing a company's annual returns by its total assets.

4 Operating Margin is a measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc. It is calculated by dividing Operating Income by Net Sales.

5 Debt/Equity is a measure of a company's financial leverage. It is calculated by dividing its total liabilities by stockholders' equity.

6 The average market capitalization of companies held by the fund, weighted in proportion to their percentage of net assets in the fund.

7 A measure of annual trading activity in the fund's portfolio, expressed as a percentage of the fund's average total assets.

8 The median market cap is the midpoint of market capitalization of companies held by the fund.