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Grandeur Peak

Grandeur Peak Global Explorer Fund

GPGEX

Share Class

Capitalization

Micro to Mid

Geography

Global Markets

Inception

December 16, 2021
Overview
Performance
Portfolio Characteristics
Holdings
Literature

Quick Links

Quick Links

Overview

Fund Description

Investment Objective

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

Investment Strategy

The Fund invests primarily in micro to midcap companies that are economically tied to the U.S. and foreign markets. The Adviser seeks to identify companies that it believes are particularly well-positioned for long-term growth.

Portfolio Manager

Liping Cai, CFA®
Research Analyst & Portfolio Manager

Juliette Douglas
Research Analyst & Portfolio Manager
Director of Research

Benjamin Gardiner
Research Analyst & Portfolio Manager

Spencer Hackett
Research Analyst & Portfolio Manager

Phil Naylor
Research Analyst & Portfolio Manager

Randy Pearce, CFA®
Research Analyst & Portfolio Manager
Chief Investment Officer

Amy Hu Sunderland, CFA®
Research Analyst & Portfolio Manager

Conner Whipple
Research Analyst & Portfolio Manager

Guardian Portfolio Manager

Blake Walker
Research Analyst & Portfolio Manager
Chief Executive Officer

Representative Geography

Fund Information

Fund Data & Pricing

As of As of Date Goes Here

Benchmarks

PrimaryMSCI ACWI Small Cap Indexⓘ
MSCI ACWI Small Cap Index The MSCI ACWI Small Cap Index is designed to measure the equity market performance of small-cap companies across developed and emerging markets globally.
SecondaryMSCI ACWI IMI Indexⓘ
MSCI ACWI IMI Index MSCI ACWI IMI Index is designed to measure the equity market performance of large, mid, and small-cap companies across developed and emerging markets globally.
You cannot invest directly in these or any indices.

Performance

Fund inception of 12/16/2021

Month end as of As of Date Goes Here

The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 1.855.377.PEAK (7325).

Returns for periods greater than one year are annualized. The Advisor may absorb certain Fund Expenses, without which total return would have been lower. Net expense ratios reflect the expense waiver, if any, contractually agreed to through October 6, 2024. A 2% redemption fee will be deducted on fund shares held 60 days or less. Performance data does not reflect this redemption fee or taxes.

Quarter end as of As of Date Goes Here

The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 1.855.377.PEAK (7325).

Returns for periods greater than one year are annualized. The Advisor may absorb certain Fund Expenses, without which total return would have been lower. Net expense ratios reflect the expense waiver, if any, contractually agreed to through October 6, 2024. A 2% redemption fee will be deducted on fund shares held 60 days or less. Performance data does not reflect this redemption fee or taxes.

Year end as of 12/31/2023

wdt_ID 2023 2022
1 Grandeur Peak Global Explorer Fund - Institutional 14.93% -30.32%
2 MSCI All Country World Index Small Cap - GR 17.41% -18.27%
3 MSCI All Country World Index IMI - GR 22.18% -18.00%

The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call 1.855.377.PEAK (7325).

Returns for periods greater than one year are annualized. The Advisor may absorb certain Fund Expenses, without which total return would have been lower. Net expense ratios reflect the expense waiver, if any, contractually agreed to through October 6, 2024. A 2% redemption fee will be deducted on fund shares held 60 days or less. Performance data does not reflect this redemption fee or taxes.

Historical Price (NAV)

As of As of Date Goes Here, updated quarterly
Download Excel

Hypothetical Growth of $10,000

As of As of Date Goes Here

Portfolio Characteristics

As of 03/31/2024, updated quarterly, subject to change.

Estimated 3-Year EPS Growthⓘ
Estimated 3-Year EPS Growth 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.
16.7%
Trailing P/Eⓘ
Trailing P/E The trailing 12-month Price/Earnings (P/E) of the portfolio, calculated as a weighted harmonic average.
25.7
Return on Assetsⓘ
Return on Assets Return on Assets (ROA) is a measure of how efficiently a company uses its assets to generate a profit, and is calculated by dividing company’s net income by total assets.
9.6%
Operating Marginⓘ
Operating Margin 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.
17.2%
Debt/Equity ⓘ
Debt/Equity Debt/Equity is a measure of a company's financial leverage. It is calculated by dividing its total liabilities by stockholders' equity.
60%
Weighted Average Market Cap ($millions)ⓘ
Weighted Average Market Cap The average market capitalization of companies held by the fund, weighted in proportion to their percentage of net assets in the fund.
$6,585
Median Market Cap ($millions)ⓘ
Median Market Cap The median market cap is the midpoint of market capitalization of companies held by the fund.
$1,705
Number of Holdings299
Portfolio Turnoverⓘ
Portfolio Turnover A measure of annual trading activity in the fund's portfolio, expressed as a percent.
41%

Equity Portfolio Composition

Access All Fund Holdings

Download XLS

Access All Fund Holdings

Download XLS

Top 10 Holdings

As of 01/31/2024, updated quarterly, subject to change

Company Name Country Sector % of Net Assets
1Sporton International, Inc.TaiwanIndustrials1.1%
2Virbac SAFranceHealth Care1.0%
3JTC plcBritainFinancials0.9%
4CVS Group plcBritainHealth Care0.9%
5Volution Group PLCBritainIndustrials0.9%
6Globant S.A.ArgentinaTechnology0.9%
7Impax Asset Management Group PBritainFinancials0.9%
8Elastic N.V.United StatesTechnology0.9%
9FPT CorpVietnamTechnology0.9%
10Endava plcBritainTechnology0.8%
Total Top 10 Holdings9.1%

Holdings are released based on a 60-day lag from the most recent quarter end according to the Grandeur Peak Holdings Release Policy. Holdings are subject to change and do not constitute a recommendation or solicitation to buy or sell a particular security. Current and future holdings are subject to risk. Total amount subject to rounding.

Sector Weights

As of As of Date Goes Here, updated quarterly, subject to change

Market Capitalization

As of As of Date Goes Here, updated quarterly, subject to change

Regions

As of As of Date Goes Here, updated quarterly, subject to change
% of Total Equities
North America31.2%
Europe29.1%
Asia ex Japan19.1%
Japan13.0%
Latin America3.9%
Australia/New Zealand3.0%
Africa/Middle East0.7%
Total 100.0%
Values may sum to greater or less than 100% due to rounding.

Top 5 Countries

As of As of Date Goes Here, updated quarterly, subject to change
% of Total Equities
1United States28.8%
2Japan13.0%
3Britain11.4%
4China5.1%
5Sweden3.7%
Total Top 5 Countries61.9%

Cash & Equivalents

As of As of Date Goes Here, updated quarterly, subject to change
Cash & Equivalents0.3%

Literature

Elevated Global Investing

We believe the best perspective comes from a broad, global view.

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© 2011-2024 Grandeur Peak Global Advisors, LLC. All rights reserved.

An investor should consider investment objectives, risks, charges and expenses carefully before investing. Click the link to obtain a prospectus for the Grandeur Peak Funds, which contains important information about risk factors and disclosures, or call 1.855.377.PEAK (7325). Read the prospectus carefully before investing in the Grandeur Peak Funds.

IMPORTANT RISKS

Any investing, including in mutual funds, involves risks and loss of principal is possible. Investing in international or global funds, small- or micro-cap funds, or related strategies will be more volatile and the risk of principal loss could be greater than investing in domestic, large-cap or more diversified funds or strategies. Investing in foreign securities also 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 greater risk than investments in the United States or in foreign countries with more established economies and securities markets.

Investment advisory services for the Grandeur Peak Funds and related separately managed accounts are provided by Grandeur Peak Global Advisors, LLC, a federally registered investment adviser.
Grandeur Peak Funds are distributed by Northern Lights Distributors LLC. Member FINRA. Northern Lights Distributors, LLC. is not affiliated with Grandeur Peak Global Advisors, LLC or Foreside Financial Services, LLC.