We are grateful to the clients who have joined us and we will continue to protect their interests by limiting our assets at a level where we can remain nimble to fully implement our small/micro cap investment strategy.
Salt Lake City, UT (PRWEB) July 31, 2014
Grandeur Peak Global Advisors announced today that it will Hard Close the Grandeur Peak Emerging Markets Opportunities Fund (GPEOX/GPEIX) on August 15th. The firm’s two original Funds, the Grandeur Peak Global Opportunities Fund and the Grandeur Peak International Opportunities Fund are already hard closed. The Grandeur Peak Global Reach Fund remains soft closed.
The Hard closure of the Emerging Markets Opportunities Fund means purchases will no longer be accepted into this Fund from either new or existing shareholders after August 15th, unless the purchase is part of one of the listed exceptions:
- 401k plans with an existing position
- Automatic rebalancing of an existing position (as long as purchase amounts are De minimis, as determined by Grandeur Peak)
Retail Shareholders (Direct Shareholders Only):
- Retirement Accounts
- Education Savings Accounts
- Minor Accounts (UTMA/UGMA)
- Pre-established Automatic Investment Plans
All Shareholders: Automatic reinvestment of the Fund distribution
Eric Huefner, President, announced the closures saying: “We are grateful to the clients who have joined us and we will continue to protect their interests by limiting our assets at a level where we can remain nimble to fully implement our small/micro cap investment strategy. Given the high level of overlap across our funds, we make closure determinations by considering both the firm assets and the individual fund assets. We wish we did not need to use hard closures, as we know this can cause asset allocation challenges for our shareholders, but we ultimately believe limiting assets is a critical element in being a premier global small and micro cap investment firm.”
The Emerging Markets Fund is approaching $400M in AUM and the firm in total has over $2.3B under management.
About Grandeur Peak Global Advisors
Grandeur Peak Global Advisors is comprised of a highly seasoned and collaborative research team taking a bottom-up approach to investing using disciplined global screening, rigorous company due diligence, and close attention to valuation to find what we believe to be the best investment opportunities around the world. Our bias is towards small and micro cap companies because we believe we can find faster growth among these firms, and often at better valuations due to the lack of analyst coverage. Grandeur Peak Global Advisors, LLC is an employee-owned investment adviser headquartered in Salt Lake City, Utah and registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940.
The objective of all Grandeur Peak Funds is long-term growth of capital. The Emerging Markets Opportunities Fund has limited operating history.
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.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit http://www.grandeurpeakglobal.com or call 1-855-377-PEAK (7325). Please read it carefully before investing.
Grandeur Peak Funds will deduct a 2.00% redemption proceeds fee on Fund shares held 60 days or less. For more complete information including charges, risks and expenses, read the prospectus carefully.
Grandeur Peak Funds are distributed by ALPS Distributors, Inc (“ADI”). Eric Huefner is a registered representative of ADI.