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Trending ETFs

Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$3.30

$561 M

0.54%

$0.02

1.36%

Vitals

YTD Return

-7.6%

1 yr return

0.0%

3 Yr Avg Return

-11.1%

5 Yr Avg Return

4.1%

Net Assets

$561 M

Holdings in Top 10

18.9%

52 WEEK LOW AND HIGH

$3.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.36%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 36.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$3.30

$561 M

0.54%

$0.02

1.36%

GPIIX - Profile

Distributions

  • YTD Total Return -7.6%
  • 3 Yr Annualized Total Return -11.1%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.02%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Grandeur Peak International Opportunities Fund
  • Fund Family Name
    ALPS Advised Funds
  • Inception Date
    Oct 17, 2011
  • Shares Outstanding
    183102200
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Blake Walker

Fund Description

The Fund invests primarily in small- and micro-cap companies economically tied to countries outside the United States.

Under normal market conditions, the Adviser will invest the Fund’s assets primarily in equity securities of foreign companies with market capitalizations of less than $5 billion at the time of purchase. Under normal market conditions, the Fund will invest in companies economically tied to at least five of the countries included in the MSCI AC World Ex-U.S.A. Small Cap Index.

The Fund may invest a significant amount of its total assets (up to 60% under normal market conditions) at the time of purchase in securities issued by companies economically tied to emerging and frontier markets. Emerging and frontier markets are those countries currently excluded from the MSCI World Index of developed markets. 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 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 ESG criteria described above are collectively one of many factors that the Adviser uses as part of its fundamental analysis of a company. In analyzing a company’s approach to these ESG criteria, the Adviser assesses a number of factors through a proprietary analytical framework. This analysis 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 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 specifically include or exclude a particular company solely based on the Adviser’s assessment of that company’s ESG factors. The Adviser generally applies this ESG analysis to companies in which the Fund invests, but not to the cash or cash equivalent positions in the Fund’s portfolio.

Because incorporating ESG considerations into the investment research process involves qualitative and subjective analysis, there can be no assurance that the methodology utilized by, or determinations made by, the Adviser will align with the beliefs or values of a particular investor, and other managers may make a different assessment of a company’s ESG criteria.

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.

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GPIIX - Performance

Return Ranking - Trailing

Period GPIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.6% -7.6% 13.9% 100.00%
1 Yr 0.0% -11.1% 28.4% 94.96%
3 Yr -11.1%* -28.6% -1.3% 90.91%
5 Yr 4.1%* -9.3% 8.3% 33.94%
10 Yr 4.7%* 0.7% 6.8% 32.89%

* Annualized

Return Ranking - Calendar

Period GPIIX Return Category Return Low Category Return High Rank in Category (%)
2023 10.5% -16.8% 28.8% 50.42%
2022 -34.3% -46.4% -21.4% 71.30%
2021 4.7% -30.6% 16.4% 29.36%
2020 32.4% 0.3% 62.2% 19.27%
2019 23.7% 9.7% 44.0% 50.94%

Total Return Ranking - Trailing

Period GPIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -7.6% -7.6% 13.9% 100.00%
1 Yr 0.0% -11.1% 28.4% 94.96%
3 Yr -11.1%* -28.6% -1.3% 90.91%
5 Yr 4.1%* -9.3% 8.3% 33.94%
10 Yr 4.7%* 0.7% 6.8% 32.89%

* Annualized

Total Return Ranking - Calendar

Period GPIIX Return Category Return Low Category Return High Rank in Category (%)
2023 11.5% -16.5% 30.7% 63.87%
2022 -34.2% -46.4% -18.5% 74.78%
2021 18.8% -30.6% 24.7% 3.67%
2020 37.1% 1.6% 68.3% 19.27%
2019 28.2% 9.7% 44.0% 41.51%

NAV & Total Return History


GPIIX - Holdings

Concentration Analysis

GPIIX Category Low Category High GPIIX % Rank
Net Assets 561 M 25.2 K 6.45 B 36.13%
Number of Holdings 162 38 1329 14.29%
Net Assets in Top 10 119 M 780 K 1.07 B 39.50%
Weighting of Top 10 18.92% 9.4% 52.0% 66.39%

Top 10 Holdings

  1. BM European Value Retail SA 2.85%
  2. CVS Group PLC 2.80%
  3. Volution Group PLC 2.13%
  4. Alten SA 1.93%
  5. Virbac SA 1.90%
  6. Endava PLC 1.80%
  7. Melexis NV 1.52%
  8. Sporton International, Inc. 1.44%
  9. Dermapharm Holding SE 1.28%
  10. JTC PLC 1.28%

Asset Allocation

Weighting Return Low Return High GPIIX % Rank
Stocks
98.20% 89.53% 101.71% 31.93%
Cash
1.80% 0.00% 9.74% 67.23%
Preferred Stocks
0.00% 0.00% 9.98% 88.24%
Other
0.00% -0.01% 5.07% 82.35%
Convertible Bonds
0.00% 0.00% 0.00% 78.99%
Bonds
0.00% 0.00% 2.02% 78.99%

Stock Sector Breakdown

Weighting Return Low Return High GPIIX % Rank
Technology
27.58% 6.70% 37.76% 12.61%
Healthcare
15.94% 1.74% 29.97% 28.57%
Industrials
15.19% 0.00% 40.13% 89.92%
Consumer Cyclical
14.41% 1.31% 28.28% 12.61%
Financial Services
12.78% 1.92% 22.28% 21.01%
Consumer Defense
5.36% 1.61% 17.90% 50.42%
Communication Services
3.16% 1.49% 23.23% 76.47%
Real Estate
3.07% 0.00% 13.00% 57.14%
Energy
1.50% 0.00% 9.29% 45.38%
Basic Materials
1.01% 0.00% 18.70% 88.24%
Utilities
0.00% 0.00% 5.12% 91.60%

Stock Geographic Breakdown

Weighting Return Low Return High GPIIX % Rank
Non US
90.38% 63.90% 100.03% 60.50%
US
7.83% 0.00% 31.71% 29.41%

GPIIX - Expenses

Operational Fees

GPIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.01% 41.09% 51.26%
Management Fee 1.25% 0.00% 1.75% 89.92%
12b-1 Fee N/A 0.00% 1.00% 14.29%
Administrative Fee N/A 0.05% 0.26% N/A

Sales Fees

GPIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

GPIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 2.00% 2.00% 78.95%

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.

GPIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 36.00% 8.00% 236.00% 56.25%

GPIIX - Distributions

Dividend Yield Analysis

GPIIX Category Low Category High GPIIX % Rank
Dividend Yield 0.54% 0.00% 5.44% 51.26%

Dividend Distribution Analysis

GPIIX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual SemiAnnual Annual

Net Income Ratio Analysis

GPIIX Category Low Category High GPIIX % Rank
Net Income Ratio -0.02% -1.81% 1.51% 53.51%

Capital Gain Distribution Analysis

GPIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

Distributions History

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GPIIX - Fund Manager Analysis

Managers

Blake Walker


Start Date

Tenure

Tenure Rank

Oct 17, 2011

10.63

10.6%

Blake H. Walker is the Chief Investment Officer and Executive Vice President for Grandeur Peak Global Advisors. Before co-founding Grandeur Peak Global Advisors in 2011, Mr. Walker was a portfolio manager co-managing two funds at Wasatch Advisors. Mr. Walker joined the research team at Wasatch Advisors in 2001. Mr. Walker has a B.S. in Accounting from Brigham Young University. He is originally from Toronto, Canada. Mr. Walker speaks French and lived in France for two years.

Mark Madsen


Start Date

Tenure

Tenure Rank

Aug 31, 2018

3.75

3.8%

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.

Juliette Douglas


Start Date

Tenure

Tenure Rank

Aug 31, 2020

1.75

1.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 28.52 5.76 0.17