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Grandeur Peak Global Explorer Zero Assets Riddle?

LewisBraham
edited March 2022 in Fund Discussions
According to the fund's web site page today, it has $0.0 in assets as of March 30, 2022: https://grandeurpeakglobal.com/gpgex
How can it be invested in stocks with no assets? Is this a misprint or a mystery, like the Loch Ness monster, a portfolio that moves beneath the surface of the water but no one has definitively seen? Curiouser and curiouser...Calling MFS for an explanation.

Comments

  • carew388carew388
    Schwab shows AUM as 9.6 million for this fund. Maybe a former Barclays employee now works at Grandeur Peak !
  • TheShadowTheShadow
    Old Morningstar states it has a little over $10M.

    http://quotes.morningstar.com/chart/fund/chart?t=GPGEx&region=usa&culture=en_US
  • hank
    Is Madoff still in the pen?
  • Old_JoeOld_Joe
    Sounds like some of the funds that I've lost my ass in.
  • Ben
    Clicking the link in the first message takes me to Grandeur Peak Global Explorer page which at the moment says assets are 10.3 million dollars.
  • LewisBraham
    Must have just updated from $0 to $10.
  • TheShadowTheShadow
    I also saw $0 when I first clicked the GP link.
  • Derf
    Also here. ZERO $
  • TheShadowTheShadow
    GP expects to soft close the fund when it hits $35M (see page 12 of PDF)

    https://www.grandeurpeakglobal.com/documents/grandeurpeakglobal-comm-20220124.pdf
  • LewisBraham
    It's back to $0 again. I wonder if it's a certain time of the day when they're settling accounts. Weird.
  • yogibearbullyogibearbull
    edited March 2022
    Website doesn't show any data source but the use of FactSet is mentioned. May be they have 2 people doing these updates, the 1st initializes AUM to 0, then the 2nd enters the updated value (-:).

    This error is not seen in any other data source (M*, Yahoo Finance).
  • Ben
    LewisBraham said:

    It's back to $0 again. I wonder if it's a certain time of the day when they're settling accounts. Weird.

    I think that must be right. I found it a zero in the late afternoon and 2 hours later it was back to $10.3 Million.

  • BenWPBenWP
    Maybe those here who expressed some skepticism about the need for another GP fund when this one was announced had their heads screwed on right. Is it a sinking fund dressed up as a MF?
  • Dennis Baran
    Dennis,

    Thanks for the heads up. I will look into what may be happening with the daily updating. $10.3M is accurate.

    Best,
    Eric

    Eric Huefner
    President & COO
    Grandeur Peak Global Advisors, LLC
    136 S. Main Street, Suite 720, Salt Lake City, UT 84101
    Direct: 801.384.0003 Cell: 801.870.0153
    www.grandeurpeakglobal.com
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