Salt Lake City, Utah (September 18, 2024) – Grandeur Peak Global Advisors® announced that the Grandeur Peak Global Contrarian Fund (GPGCX), celebrated its five-year mark this week. Launched on September 17, 2019, the Global Contrarian Fund offers clients a value-focused strategy that adheres to similar quality characteristics as the firm’s growth-focused funds.
Lead Portfolio Manager, Mark Madsen, reflected on the milestone: “We are pleased with the performance of the Global Contrarian Fund over its first five years, returning 13.60% annualized since inception, as of September 17, 2024. Comparatively, the MSCI ACWI Small Cap Index returned 9.03% over the same period. These last five years have been extreme in terms of what we’ve experienced in the market. We think our focus on quality at compelling valuation combined with our emphasis on being contrarian has allowed us to successfully navigate the volatility. Our strength continues to be in identifying companies from across the globe that fit in one of our investment types, such as Fallen Angels or Core Contrarians. Quality companies that are in out-of-favor industries or have hit a bump in the road can have quite attractive valuations relative to their long-term potential, giving us interesting investment opportunities.”
Driven by a bottom-up, fundamental approach, Grandeur Peak believes having an allocation to Global Value in the Micro-to Midcap space can be a sound investment strategy in any market. The Global Contrarian Fund will continue to be managed as a portfolio of 75-100 names in the following investment types:
- Core Contrarian – quality companies in out of-favor industries or geographies
- Fallen Angels – growth companies that hit a “bump in the road”
- Undiscovered Gems – small, high-quality companies with plenty of headroom
Randy Pearce, Chief Investment Officer, noted that, “Mark and his team have demonstrated an impressive combination of flexibility and discipline. Flexibility in terms of investing where the opportunity is, whether that’s a higher growth name that’s hit a bump in the road, or a steady dividend payer with upside potential. And discipline in terms of consistently investing in high quality companies only at very attractive valuations. Having the Global Contrarian Fund within Grandeur Peak has also been a great asset for our other strategies. We’ve seen numerous times where the value-oriented decisions of Global Contrarian have assisted the stock picking of our growth strategies.”
For more details on the strong relative performance of the Global Contrarian Fund over its first five years, please visit the fund’s webpage.
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 micro- to mid-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.
Performance for GPGCX as of 9/17/24
(Returns are annualized for periods over 1 year, given in %)
| Fund | 1-Year Total Return | 3-Year Total Return | 5-Year Total Return | Since Inception* |
| Grandeur Peak Global Contrarian Fund Institutional (GPGCX) | 23.00 | 4.81 | 13.60 | 13.58 |
| MSCI ACWI Small Cap Index | 18.43 | 1.52 | 9.03 | 9.02 |
| MSCI ACWI ex USA Small Cap Index | 16.46 | -0.21 | 7.89 | 7.88 |
| MSCI ACWI IMI Index | 23.51 | 6.01 | 11.54 | 11.52 |
Standardized Performance for GPGCX as of 6/30/24
(Returns are annualized for periods over 1 year, given in %)
| Fund | 1-Year Total Return | 3-Year Total Return | Since Inception* |
| Grandeur Peak Global Contrarian Fund Institutional (GPGCX) | 15.84 | 3.38 | 12.45 |
| MSCI ACWI Small Cap Index | 11.16 | -0.28 | 7.97 |
| MSCI ACWI ex USA Small Cap Index | 11.80 | -0.96 | 6.94 |
| MSCI ACWI IMI Index | 18.94 | 5.20 | 11.05 |
Total Expense Ratio: Gross 1.35% / Net 1.35% for GPGCX
*Inception date for GPGCX is 09/17/2019.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit grandeurpeakglobal.com or call 1-855-377-PEAK (7325). Please read it carefully before investing.
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. Diversification does not eliminate the risk of experiencing investment loss.
The MSCI ACWI Small Cap Index is designed to measure the equity market performance of small-cap companies across developed and emerging markets globally.
The MSCI ACWI ex USA Small Cap Index is designed to measure the equity market performance of small cap companies across developed and emerging markets globally, excluding the United States.
The 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.
