Grandeur Peak Global Reach Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-7.2%
1 yr return
1.6%
3 Yr Avg Return
-8.6%
5 Yr Avg Return
5.8%
Net Assets
$220 M
Holdings in Top 10
11.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.26%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.00%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
GPRIX - Profile
Distributions
- YTD Total Return -7.2%
- 3 Yr Annualized Total Return -8.6%
- 5 Yr Annualized Total Return 5.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.14%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameGrandeur Peak Global Reach Fund
-
Fund Family NameALPS Advised Funds
-
Inception DateJun 19, 2013
-
Shares Outstanding17725235
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAmy Sunderland
Fund Description
Strategic Focus
The Fund invests primarily in foreign and domestic small- and micro-cap companies. Under normal market conditions, the Adviser will invest the Fund’s assets primarily in equity securities (including common stock, preferred stock, and securities convertible into common stock) of foreign and domestic companies with market capitalizations of less than $5 billion at the time of purchase. The Fund will typically invest in securities issued by companies economically tied to at least ten countries, including the United States. The Fund will invest a significant portion of its total assets (at least 40% under normal market conditions) at the time of purchase in securities issued by companies that are economically tied to countries outside the United States. The Adviser considers a company to be economically tied to a country if at least one of the following attributes exists: the company (1) is organized in such country, (2) is headquartered in such country, (3) has its primary stock exchange listing in a market located in such country, or (4) during the company’s most recent fiscal year, derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in such country or has at least 50% of its assets in such country.
The Fund may invest a significant amount of its total assets (up to 50% under normal market conditions) at the time of purchase in securities issued by companies economically tied to emerging and frontier market countries. Emerging and frontier markets are those countries currently excluded from the MSCI World Index of developed markets.
Analytical Approach
The Adviser uses a process of quantitative screening of the financial trends and health of each company in its investment universe, followed by “bottom up” fundamental analysis to identify growth companies that it believes are among the highest quality in their global peer group. This fundamental analysis generally includes a study of the company’s financial performance, its management, its competitors, its industry, its competitive advantage, its approach to environmental, social, and governance (ESG) topics, the geographic region(s) to which it is economically tied and talking with the management team. In performing such analysis, the Adviser seeks to evaluate each company’s long-term potential. The Adviser also travels on an as-needed basis to visit companies, when it is considered safe to do so, and expects to speak directly with senior management.
The Adviser uses a proprietary analytical framework that may include factors that the Adviser believes are relevant, such as: local economic development priorities, shareholder rights, management oversight and transparency, board membership and structure, accounting standards, environmental policies, social justice policies, and labor relations. These sustainability criteria are collectively one of many factors that the Adviser uses as part of its fundamental analysis of a company. These factors are assessed quantitatively and qualitatively, as applicable, through the Adviser’s research and engagement process.
The Adviser incorporates the results of this analysis into its overall decision-making but does not necessarily include or exclude a particular company solely based on the Adviser’s assessment of any single criterion, including that company’s ESG factors.
The Adviser generally applies its sustainability analysis to companies in which the Fund invests, but not to the cash or cash equivalent positions in the Fund’s portfolio.
The Fund may also invest in growth companies that the Adviser believes have hit a temporary setback and therefore have a particularly appealing valuation relative to their long-term growth potential. At times, the Fund may invest in early-stage companies and Initial Public Offerings (IPOs).
The Adviser invests in what it believes to be the best investments available without regard to benchmark weightings in regions, countries, or industries. The Adviser may significantly shift Fund assets between asset classes, sectors and geographic regions based on where it believes the best growth opportunities and valuations currently exist. The Fund may invest a significant percentage of its assets in a few sectors or regions.
GPRIX - Performance
Return Ranking - Trailing
Period | GPRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -7.2% | -44.3% | 9.5% | 84.62% |
1 Yr | 1.6% | -51.1% | 24.7% | 54.19% |
3 Yr | -8.6%* | -6.4% | 28.0% | 23.65% |
5 Yr | 5.8%* | -4.2% | 18.3% | 26.40% |
10 Yr | 6.5%* | 1.0% | 13.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | GPRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.7% | -50.5% | 18.8% | 41.22% |
2022 | -34.4% | -27.4% | 103.5% | 40.56% |
2021 | 4.1% | 3.5% | 66.4% | 38.57% |
2020 | 30.7% | -64.5% | 5.6% | 71.43% |
2019 | 26.2% | -9.3% | 49.7% | 19.81% |
Total Return Ranking - Trailing
Period | GPRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -7.2% | -44.3% | 9.5% | 82.05% |
1 Yr | 1.6% | -51.1% | 24.7% | 46.45% |
3 Yr | -8.6%* | -6.4% | 28.0% | 22.97% |
5 Yr | 5.8%* | -4.2% | 18.3% | 26.40% |
10 Yr | 6.5%* | 1.0% | 13.7% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | GPRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.1% | -50.6% | 18.8% | 41.22% |
2022 | -34.4% | -27.4% | 103.5% | 40.56% |
2021 | 20.1% | 3.5% | 66.4% | 38.57% |
2020 | 41.5% | -64.5% | 5.6% | 80.16% |
2019 | 29.6% | -9.3% | 53.2% | 21.70% |
NAV & Total Return History
GPRIX - Holdings
Concentration Analysis
GPRIX | Category Low | Category High | GPRIX % Rank | |
---|---|---|---|---|
Net Assets | 220 M | 2.31 M | 71.6 B | 29.38% |
Number of Holdings | 301 | 31 | 9561 | 15.00% |
Net Assets in Top 10 | 25 M | 452 K | 5.44 B | 36.25% |
Weighting of Top 10 | 11.10% | 4.2% | 63.4% | 85.00% |
Top 10 Holdings
- BayCurrent Consulting, Inc. 1.54%
- B M European Value Retail SA 1.52%
- CVS Group plc 1.25%
- Vietnam Technological Comm Joint-stock Bank 1.12%
- Virbac SA 1.08%
- JTC plc 1.03%
- Globant S.A. 0.91%
- Elastic N.V. 0.90%
- Sporton International, Inc. 0.88%
- P10 Inc 0.87%
Asset Allocation
Weighting | Return Low | Return High | GPRIX % Rank | |
---|---|---|---|---|
Stocks | 98.67% | 40.59% | 104.41% | 35.00% |
Cash | 0.54% | -4.41% | 47.07% | 73.13% |
Preferred Stocks | 0.43% | 0.00% | 1.04% | 17.50% |
Other | 0.00% | -7.94% | 19.71% | 32.50% |
Convertible Bonds | 0.00% | 0.00% | 7.55% | 8.13% |
Bonds | 0.00% | 0.00% | 8.07% | 11.25% |
Stock Sector Breakdown
Weighting | Return Low | Return High | GPRIX % Rank | |
---|---|---|---|---|
Technology | 25.32% | 0.00% | 93.40% | 16.25% |
Financial Services | 18.80% | 0.00% | 75.07% | 12.50% |
Healthcare | 14.97% | 0.00% | 28.38% | 34.38% |
Consumer Cyclical | 14.22% | 0.00% | 71.20% | 48.75% |
Industrials | 13.89% | 0.00% | 53.77% | 81.25% |
Consumer Defense | 5.13% | 0.00% | 52.28% | 48.75% |
Real Estate | 2.56% | 0.00% | 43.48% | 46.25% |
Energy | 2.35% | 0.00% | 36.56% | 30.00% |
Communication Services | 2.19% | 0.00% | 23.15% | 68.75% |
Basic Materials | 0.56% | 0.00% | 26.39% | 81.88% |
Utilities | 0.00% | 0.00% | 70.33% | 66.25% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | GPRIX % Rank | |
---|---|---|---|---|
Non US | 69.07% | 12.39% | 83.06% | 5.63% |
US | 29.60% | 6.76% | 79.19% | 89.38% |
GPRIX - Expenses
Operational Fees
GPRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.26% | 0.43% | 2.93% | 46.88% |
Management Fee | 1.10% | 0.30% | 1.25% | 88.75% |
12b-1 Fee | N/A | 0.00% | 1.00% | 4.88% |
Administrative Fee | N/A | 0.03% | 0.15% | N/A |
Sales Fees
GPRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
GPRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 2.00% | 1.00% | 2.00% | 15.38% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
GPRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 41.00% | 7.00% | 145.00% | 60.74% |
GPRIX - Distributions
Dividend Yield Analysis
GPRIX | Category Low | Category High | GPRIX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.05% | 0.00% | 14.18% | 20.00% |
Dividend Distribution Analysis
GPRIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
GPRIX | Category Low | Category High | GPRIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.14% | -1.92% | 6.98% | 53.50% |
Capital Gain Distribution Analysis
GPRIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 21, 2023 | $0.061 | OrdinaryDividend |
Dec 21, 2022 | $0.008 | OrdinaryDividend |
Dec 28, 2021 | $3.314 | OrdinaryDividend |
Dec 27, 2018 | $0.030 | OrdinaryDividend |
Dec 27, 2017 | $0.030 | OrdinaryDividend |
Dec 28, 2016 | $0.039 | OrdinaryDividend |
Dec 29, 2015 | $0.030 | OrdinaryDividend |
Dec 29, 2014 | $0.023 | OrdinaryDividend |
GPRIX - Fund Manager Analysis
Managers
Amy Sunderland
Start Date
Tenure
Tenure Rank
Jun 19, 2013
8.95
9.0%
Ms. Sunderland, CFA and portfolio manager, has been a senior research analyst at Grandeur Peak Global Advisors, with a specialty focus on the consumer sector, since the firm’s inception in 2011. Prior to Grandeur Peak, Ms. Sunderland was a junior and later senior research analyst at Wasatch Advisors from 2003-2011. Before Wasatch, Ms. Sunderland worked on the Goldman Sachs Private Wealth Management Team. Ms. Sunderland graduated Magna Cum Laude in the top 1% of her class from the University of Utah where she earned a B.S. in Finance and Business Information Systems. Ms. Sunderland was selected as the Outstanding Finance Scholar of the Year by the dean, and a Coca-Cola Scholar. Ms. Sunderland is fluent in Mandarin Chinese.
Randy Pearce
Start Date
Tenure
Tenure Rank
Jun 19, 2013
8.95
9.0%
Mr. Pearce, CIO and Portfolio Manager, has been a senior research analyst at Grandeur Peak Global Advisors, with a specialty focus on the financial sector, since the firm’s inception in 2011. Prior to Grandeur Peak, Mr. Pearce was a junior and later senior research analyst at Wasatch Advisors from 2005-2009. In 2010, Mr. Pearce interned at Thornburg Investment Management as a global equities analyst while earning his MBA. Mr. Pearce has a B.A. in Business Administration from the University of Utah and an MBA from the University of California at Berkeley. He holds the CFA designation, having passed each of the three levels on his first attempt. Mr. Pearce speaks Portuguese and lived in Brazil for two years.
Liping Cai
Start Date
Tenure
Tenure Rank
Aug 31, 2015
6.75
6.8%
Ms. Cai has been a portfolio manager for the Grandeur Peak Global Reach Fund since 2015 and for the Grandeur Peak Emerging Markets Opportunities Fund since 2018, and is also a Sr. Research Analyst at Grandeur Peak Global Advisors, with a specialty focus on the health care sector globally. Ms. Cai joined Grandeur Peak in 2013. She spent the previous six years on the equity research team at William Blair & Company specializing in the healthcare, retail, and the real estate sectors, and most recently heading up the firm’s China-based research team. From 1999-2006, Ms. Cai worked in the healthcare field for Fair Isaac Corporation (Health Care Strategy Consultant), Abbott Laboratories (Senior Market Analyst), Biogen Idec (Summer Marketing Associate), and Genentech, now Roche (Research Associate).
Stuart Rigby
Start Date
Tenure
Tenure Rank
Aug 31, 2015
6.75
6.8%
Mr. Rigby is a Sr. Research Analyst at Grandeur Peak Global Advisors, with a specialty focus on the technology sector globally. Mr. Rigby joined Grandeur Peak in 2012 after receiving an MBA from Cornell University. During his graduate program he interned at Epic Ventures and Opteris. Prior to that, Mr. Rigby spent two years as a product manager at Alliance Health Networks (social internet) and four years as a software engineer at lntelisum (3D software).
Mark Madsen
Start Date
Tenure
Tenure Rank
Aug 31, 2016
5.75
5.8%
Mr. Madsen is a Sr. Research Analyst at Grandeur Peak Global Advisors, with a specialty focus on the energy & materials sector globally. Mr. Madsen joined Grandeur Peak in 2016 following four years working as a Senior Equity Analyst in a family office. Mr. Madsen has been a research analyst since 2004, when he began his career at Wasatch Advisors. Mr. Madsen began as a junior analyst and was later promoted to a senior research analyst, He developed an expertise in Energy, Industrials and Finance. Mr. Madsen left Wasatch to found Red Desert Capital in Las Vegas, NV. As Founder and Portfolio Manager, Mr. Madsen successfully launched a concentrated portfolio based on a bottom-up fundamental value investment strategy. Mr. Madsen was recruited by a client to manage a family office in St. George, Utah. There he developed an all-cap equity portfolio, managed an income portfolio and was responsible for tracking and evaluating third-party managed accounts. Mr. Madsen graduated from Brigham Young University with a B.S. and Masters in Accounting. He holds the CFA designation.
Brad Barth
Start Date
Tenure
Tenure Rank
Aug 31, 2016
5.75
5.8%
Mr. Barth is Deputy Chief Investment Officer at Grandeur Peak Global Advisors, with a specialty focus on the financials sector globally. Mr. Barth joined Grandeur Peak in 2015 from Goldman Sachs, where he was an EMEA financial institutions analyst in the Credit Research Group for four years. In this role, he covered French and Benelux banks during the European sovereign debt crisis. Mr. Barth graduated with a bachelor’s degree from the University of Utah and received a master’s degree from the London School of Economics. He is currently a doctoral candidate in Finance at the University of Utah.
Juliette Douglas
Start Date
Tenure
Tenure Rank
Aug 31, 2018
3.75
3.8%
Ms. Douglas is Deputy Director of Research at Grandeur Peak Global Advisors. Ms. Douglas has been a portfolio manager for the Grandeur Peak Global Reach Fund since 2018, a portfolio manager of the Grandeur Peak International Opportunities Fund since 2020, and the Grandeur Peak Global Explorer Fund since inception in December 2021. She is also a Sr. Research Analyst. Before becoming a research analyst, Ms. Douglas worked as a global equities trader and as a manager on the operations team. Before joining Grandeur Peak Global Advisors in 2013, Ms. Douglas was a Financial Analyst at Adidas in Portland, Oregon. Previously, Ms. Douglas spent four years in various roles on the operations team at Wasatch Advisors, including her final role as Senior International Trade Analyst. Ms. Douglas graduated cum laude from Westminster College earning a BS in Business with a concentration in Finance.
Conner Whipple
Start Date
Tenure
Tenure Rank
Aug 31, 2021
0.75
0.8%
Conner Whipple, MS Mr. Whipple joined Grandeur Peak Global Advisors as a Research Analyst in 2012. He was appointed as a portfolio manager of the Grandeur Peak Global Reach Fund in 2021. He speaks Korean fluently and lived in Korea for two years. Mr. Whipple graduated from Brigham Young University in Provo, Utah with a B.A. degree in finance and a minor in Korean. He also received a MBA degree from Oxford University in England.
Phil Naylor
Start Date
Tenure
Tenure Rank
Aug 31, 2021
0.75
0.8%
Phil Naylor Mr. Naylor has worked as a Research Analyst at Grandeur Peak Global Advisors since 2013. He was appointed as a portfolio manager of Global Reach in 2021. Mr. Naylor graduated from the Business Scholar program at the University of Utah, earning a B.S. degree in finance. He is also a 2021 MBA candidate at the University of Cambridge in England. Having lived in El Salvador for two years, Mr. Naylor is fluent in Spanish.
Tyler Glauser
Start Date
Tenure
Tenure Rank
Aug 31, 2021
0.75
0.8%
Tyler Glauser, MBA Mr. Glauser has been a Research Analyst at Grandeur Peak Global Advisors since 2014. He was appointed as a portfolio manager of Global Reach in 2021. Mr. Glauser graduated magna cum laude from the University of Utah with a B.S. degree in accounting, and received a MBA degree from INSEAD in Singapore. Prior to college, Mr. Glauser lived for two years in Chile and speaks fluent Spanish.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 39.6 | 7.02 | 9.33 |