We feel fortunate to have gotten off to such a strong start, and we remain tremendously energized by the investment opportunity in small cap stocks globally over the coming decade.
Salt Lake City, UT (PRWEB) November 13, 2012
The Grandeur Peak Global Opportunities Fund and the Grandeur Peak International Opportunities Fund passed their 1-year anniversary on 10/17/12 with a strong year of both absolute and relative performance. The Funds are managed by Robert Gardiner and Blake Walker, who broke off from Wasatch Advisors in 2011 to found Grandeur Peak as a boutique investment firm focused on small and micro cap companies globally.
As of 9/30/12, GPGOX was ahead of the Russell Global Small Cap Index since the Fund's 10/17/11 inception 19.50% vs. 13.63%. Similarlty GPIOX was ahead of the Russell Global Ex U.S. Small Cap Index since the Fund's 10/17/11 inception 19.50% vs. 8.63%
After the Funds' one-year mark, the 1-year return for GPGOX outpaced the Russell Global Small Cap Index by 15.87% vs. 7.75%, and the annualized returns since inception were 19.67% vs. 12.08% respectively (as of 10/31/12).
Similarly, the 1-year return for GPIOX outpaced the Russell Global Ex U.S.Small Cap Index by 15.87% vs. 5.41%, and the annualized returns since inception were 19.67% vs. 8.07% respectively (as of 10/31/12).
The Grandeur Peak Funds are new and have limited performance history. The recent growth rate in the stock market has helped to produce short-term returns for some asset classes that are not typical and may not continue in the future. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes.
Data shows past performance, which is not indicative of future performance. Current performance may be lower or higher than the data quoted. To obtain the most recent month-end performance data available, please visit http://www.grandeurpeakglobal.com. The Advisor may absorb certain Fund expenses, without which total return would have been lower. Investment returns and principal value will fluctuate and shares, when redeemed, may be worth more or less than their original cost. Total Expense Ratios: Gross 2.16% / Net 1.63% for GPGIX, Gross 2.41% / Net 1.88% for GPGOX, Gross 2.58% / Net 1.53% for GPIIX, Gross 2.83% / Net 1.78% for GPIOX. The Advisor has contractually agreed to limit certain expenses to 1.75% for Investor Class Shares and 1.50% for Institutional Class Shares through at least 8/31/2013. See the prospectus for additional information regarding Fund expenses.
Grandeur Peak Global Advisors will deduct a 2.00% redemption proceeds fee on Fund shares held 60 days or less. Performance data does not reflect the deduction of this redemption fee or taxes, which if reflected, would reduce the performance quoted. For more complete information including charges, risks and expenses, read the prospectus carefully.
Said Grandeur Peak President, Eric Huefner, “Our team had a great time building the firm together this year. We set out to create the right structure with the right people to be able to deliver for our clients over the long term. We feel fortunate to have gotten off to such a strong start, and we remain tremendously energized by the investment opportunity in small cap stocks globally over the coming decade.”
In a recent message from CEO Robert Gardiner, he reflected on the first year this way: “We’ve had many highs over the past year for which we are grateful. However, we’re a firm that strives foremost to get better every day, and we won’t rest on a good year. We’re working hard to correct the lows and to repeat the highs as we head into 2013. We’re particularly focused on fine tuning and executing our robust research process. “
Mark Siddoway, Head of Client Relations, added “In the past year, we have met with a wide variety of investors, capital allocators, and investment advisors. We see strong interest in global small cap investing and in our firm. From $15 million in AUM at launch, we have now reached $350 million across a nice diversity of clients.
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 both the Grandeur Peak Global Opportunities Fund and the Grandeur Peak International Opportunities Fund is long-term growth of capital.
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.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a Grandeur Peak Funds prospectus, containing this and other information, visit http://www.grandeurpeakglobal.com or call 1-855-377-PEAK (7325). Please read it carefully before investing.
The Russell Global Small Cap Index offers investors access to the small-cap segment of the global equity universe. It is constructed to provide a comprehensive and unbiased barometer for the small-cap segment and is completely reconstituted annually to accurately reflect the changes in the market over time. The Russell Global ex-U.S. Small Cap Index measures the performance of the small-cap segment of the global equity universe, excluding companies assigned to the United States. You cannot invest directly in these or any indices.
CFA® is a trademark owned by CFA Institute.
Wasatch Advisors is not affiliated with Grandeur Peak Global Advisors or the Grandeur Peak Funds.
Grandeur Peak Funds are distributed by ALPS Distributors, Inc (“ADI”). Eric Huefner and Mark Siddoway are registered representatives of ADI.