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Grandeur Peak Funds to close Glbl Oppt & Intl Oppt Funds to third party intermediaries

https://www.sec.gov/Archives/edgar/data/915802/000139834420024642/fp0060307_497.htm

497 1 fp0060307_497.htm
FINANCIAL INVESTORS TRUST: GRANDEUR PEAK FUNDS

SUPPLEMENT DATED DECEMBER 17, 2020 TO THE SUMMARY PROSPECTUS AND
PROSPECTUS FOR THE GRANDEUR PEAK GLOBAL OPPORTUNITIES FUND AND
GRANDEUR PEAK INTERNATIONAL OPPORTUNITIES FUND (THE “FUNDS”) DATED
AUGUST 31, 2020

Effective as of the close of business on December 31, 2020, the Funds will close to new investors seeking to purchase shares of the Fund through third party intermediaries subject to certain exceptions for financial advisors with an established position in the Fund and participants in certain qualified retirement plans with an existing position in the Fund. The Funds remain open to purchases from existing shareholders, and to new shareholders who purchase directly from Grandeur Peak Funds.

The Fund retains the right to make exceptions to any action taken to close the Fund or limit inflows into the Fund.

INVESTORS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE

Comments

  • Just received an email from GP which states:

    December 17, 2020

    Dear Fellow Investors,

    We are announcing today that the Grandeur Peak Global Opportunities Fund (GPGIX/GPGOX) and Grandeur Peak International Opportunities Fund (GPIIX/GPIOX) (the "Funds") will close to new investors through intermediary platforms after December 31, 2020. The Funds will remain open to existing investors. Retirement plans and financial advisors with existing clients in the Funds will still be able to invest in the Funds for existing as well as new clients as long as their clearing platform will allow this exception. The Funds will remain open to new investors who purchase directly from Grandeur Peak Funds.

    Both Funds were re-opened during the market melt-down in the spring in order to provide an opportunity for investors to invest during the sell-off. With the strong rebound in the market, and even stronger performance by the Funds this year, they are back to assets levels where we feel it’s necessary to limit inflows. As you know, we carefully review capacity at the firm level and strategy level. We are committed to keeping all of our investment strategies small enough to be able to fully pursue their investment strategies without being encumbered by either their individual asset base or the firms’ collective assets. Achieving performance for our clients will always be our paramount objective.

    As a reminder, these two Funds, as well as all of the Grandeur Peak Funds, will be making their annual capital gains and income distributions on December 29th, with a shareholder record date of December 28th. If you would like to make further investments in these Funds within taxable accounts prior to year-end, you may wish to wait until after December 28th to avoid the distribution.1

    Thank you for your continued interest and trust. If you have any questions, don’t hesitate to reach out to me or a member of our Client Relations Team.

    Best Regards,

    Eric Huefner
    President
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