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Trending ETFs

Name

As of 03/27/2024

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

$12.69

$375 M

0.15%

$0.02

1.70%

Vitals

YTD Return

-2.5%

1 yr return

5.2%

3 Yr Avg Return

-3.9%

5 Yr Avg Return

5.0%

Net Assets

$375 M

Holdings in Top 10

19.3%

52 WEEK LOW AND HIGH

$12.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.70%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 35.00%

Redemption Fee 2.00%


Min Investment

Standard (Taxable)

$2,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$12.69

$375 M

0.15%

$0.02

1.70%

GPEOX - Profile

Distributions

  • YTD Total Return -2.5%
  • 3 Yr Annualized Total Return -3.9%
  • 5 Yr Annualized Total Return 5.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.50%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Grandeur Peak Emerging Markets Opportunities Fund
  • Fund Family Name
    ALPS Advised Funds
  • Inception Date
    Dec 16, 2013
  • Shares Outstanding
    800657
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Blake Walker

Fund Description

The Fund currently invests primarily in micro- to mid-cap companies (as further described below) that are economically tied to emerging or frontier markets. Under normal market conditions, the Adviser will invest at least 80% of the Fund’s assets in equity securities of such companies. 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. Emerging and frontier markets include all countries excluded from the MSCI World Index of developed countries.

The Fund will typically invest in securities issued by companies economically tied to each of at least three emerging or frontier markets. The Fund will invest the Fund’s assets primarily in

companies with market capitalizations of less than $5 billion at the time of purchase. The Fund may invest a significant portion of its total assets in micro-cap companies with market capitalizations below $1 billion (up to 90% at the time of purchase under normal market conditions).

The Fund may also invest a portion of its total assets (up to 50% under normal market conditions) in securities of companies with market capitalizations of greater than $5 billion at the time of purchase when the companies meet our investment criteria.

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 with limited or no earnings history and in 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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GPEOX - Performance

Return Ranking - Trailing

Period GPEOX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -6.1% 14.4% 98.38%
1 Yr 5.2% -6.1% 41.9% 87.06%
3 Yr -3.9%* -22.7% 9.1% 38.59%
5 Yr 5.0%* -7.2% 11.5% 21.36%
10 Yr 4.2%* -2.3% 6.8% 21.74%

* Annualized

Return Ranking - Calendar

Period GPEOX Return Category Return Low Category Return High Rank in Category (%)
2023 7.9% -6.5% 35.5% 56.55%
2022 -24.8% -50.1% -2.4% 57.16%
2021 -3.3% -33.1% 22.5% 37.30%
2020 30.7% -22.1% 80.1% 14.90%
2019 23.3% -0.7% 42.0% 19.94%

Total Return Ranking - Trailing

Period GPEOX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.5% -6.1% 14.4% 98.38%
1 Yr 5.2% -6.1% 41.9% 87.06%
3 Yr -3.9%* -22.7% 9.1% 38.59%
5 Yr 5.0%* -7.2% 11.5% 21.36%
10 Yr 4.2%* -2.3% 6.8% 21.74%

* Annualized

Total Return Ranking - Calendar

Period GPEOX Return Category Return Low Category Return High Rank in Category (%)
2023 12.0% -2.7% 42.0% 40.62%
2022 -24.7% -42.2% 1.9% 66.90%
2021 8.8% -32.5% 33.1% 13.66%
2020 30.7% -20.0% 81.6% 17.51%
2019 23.4% 2.3% 42.0% 33.17%

NAV & Total Return History


GPEOX - Holdings

Concentration Analysis

GPEOX Category Low Category High GPEOX % Rank
Net Assets 375 M 653 K 96.1 B 52.13%
Number of Holdings 119 10 6829 41.07%
Net Assets in Top 10 91 M 299 K 17.9 B 58.00%
Weighting of Top 10 19.31% 2.9% 122.2% 90.65%

Top 10 Holdings

  1. Globant SA 2.70%
  2. Techtronic Industries Co., Ltd. 2.15%
  3. FPT Corp. 2.03%
  4. WuXi AppTec Co., Ltd. 1.91%
  5. Dino Polska SA 1.91%
  6. Inter Cars SA 1.87%
  7. Hypera SA 1.85%
  8. Sporton International, Inc. 1.66%
  9. Sinbon Electronics Co., Ltd. 1.62%
  10. JD.com, Inc. 1.60%

Asset Allocation

Weighting Return Low Return High GPEOX % Rank
Stocks
95.67% 0.00% 103.65% 66.67%
Cash
4.33% -2.03% 20.51% 14.40%
Preferred Stocks
0.00% 0.00% 10.17% 78.93%
Other
0.00% -1.64% 50.31% 60.13%
Convertible Bonds
0.00% 0.00% 7.40% 52.21%
Bonds
0.00% 0.00% 94.30% 57.73%

Stock Sector Breakdown

Weighting Return Low Return High GPEOX % Rank
Technology
29.87% 0.00% 47.50% 12.55%
Consumer Cyclical
19.59% 0.00% 48.94% 8.10%
Healthcare
14.39% 0.00% 16.53% 4.72%
Financial Services
12.73% 0.00% 48.86% 91.36%
Industrials
9.26% 0.00% 43.53% 19.70%
Consumer Defense
7.88% 0.00% 25.90% 27.80%
Communication Services
2.07% 0.00% 39.29% 96.36%
Energy
1.97% 0.00% 24.80% 75.71%
Real Estate
1.34% 0.00% 17.15% 59.92%
Basic Materials
0.89% 0.00% 30.03% 95.55%
Utilities
0.00% 0.00% 39.12% 84.48%

Stock Geographic Breakdown

Weighting Return Low Return High GPEOX % Rank
Non US
86.99% 0.00% 100.18% 41.47%
US
8.67% 0.00% 101.58% 55.87%

GPEOX - Expenses

Operational Fees

GPEOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.70% 0.03% 24.48% 29.59%
Management Fee 1.35% 0.00% 2.00% 97.20%
12b-1 Fee 0.25% 0.00% 1.00% 37.69%
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

GPEOX 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% 5.00% N/A

Trading Fees

GPEOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 48.33%

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.

GPEOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 0.00% 189.00% 33.82%

GPEOX - Distributions

Dividend Yield Analysis

GPEOX Category Low Category High GPEOX % Rank
Dividend Yield 0.15% 0.00% 9.88% 12.13%

Dividend Distribution Analysis

GPEOX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Annual Annual

Net Income Ratio Analysis

GPEOX Category Low Category High GPEOX % Rank
Net Income Ratio -0.50% -1.98% 17.62% 89.21%

Capital Gain Distribution Analysis

GPEOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GPEOX - Fund Manager Analysis

Managers

Blake Walker


Start Date

Tenure

Tenure Rank

Dec 16, 2013

8.46

8.5%

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.

Stuart Rigby


Start Date

Tenure

Tenure Rank

Dec 01, 2017

4.5

4.5%

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).

Liping Cai


Start Date

Tenure

Tenure Rank

Aug 31, 2018

3.75

3.8%

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).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.53 13.42