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Grandeur Peak to launch Global Reach Fund on June 19th
Well, diversification is the major difference between GPGOX and GPROX.
"The Global Reach Fund will have a similar investment focus to the Grandeur Peak Global Opportunities Fund, which was closed to new investors on May 1, 2013. The Global Reach Fund will be more diversified, with 300-500 holdings, while the Global Opportunities Fund will continue to become increasingly concentrated in just 100-150 companies."
I think the best ideas of the team will be concentrated in GPGOX which is closed. Because GPROX is more diversified, it will have the opportunity to hold more assets.
Here is a copy of the mass email (same as PDF above) I received fron Grandeur Peaks:
Dear Fellow Shareholder,
We will be launching the newest Grandeur Peak Fund, the Grandeur Peak Global Reach Fund (GPROX/GPRIX) on June 19th. This Fund will contain our 300-500 favorite equity investment ideas globally and become the umbrella portfolio for all of our other small/micro cap funds. We founded Grandeur Peak to be a world class global small/micro cap boutique, and the Global Reach Fund will become our flagship portfolio.
The Global Reach Fund will have a similar investment focus to the Grandeur Peak Global Opportunities Fund, which was closed to new investors on May 1, 2013. The Global Reach Fund will be more diversified, with 300-500 holdings, while the Global Opportunities Fund will continue to become increasingly concentrated in just 100-150 of these companies. As we screen more than 30,000 companies around the world, it’s easy to find 300-500 really interesting investments—what we believe to be the best 1-2% of our investable universe. Robert & Blake have managed long list global portfolios since 2008. We believe this type of fund can beat the market over the long-term because of the opportunities and inefficiencies in the global small cap space, while also reducing portfolio risk by investing in a very diversified basket of quality companies.
Joining Robert Gardiner and Blake Walker as portfolio managers on the Global Reach Fund we are pleased to name Amy Hu Sunderland, Randy Pearce, and Spencer Stewart as Associate Portfolio Managers. Like all Grandeur Peak Funds, the entire research team will be involved in managing the Fund. We have a very collaborative approach, with a unified goal of delivering for our shareholders. Amy, Randy, and Spencer joined Grandeur Peak when we founded the firm in 2011. They are great analysts and have been instrumental in the success our existing funds have experienced to date.
In founding Grandeur Peak we laid out a product roadmap for the global small cap space. There are 6-7 strategies that we would ultimately like to manage. The Global Reach Fund will be the umbrella strategy, with more concentrated sub-strategies drawing from the Reach portfolio of holdings—including our two existing sub-strategies, Global Opportunities and International Opportunities.
There will be overlap in our strategies, so we consider capacity constraints not just at the individual portfolio level, but more importantly at the firm level. We recently closed our existing strategies at low asset levels not because we were feeling a capacity pinch, but in part to leave room for future funds that we intend to launch, like the Global Reach Fund. The addition of this Fund does not change the firm-wide asset limit of around $3B that we set before we launched our first fund, as we continue to believe in the critical importance of maintaining a nimble asset base when investing in small and micro cap companies.
We held off on launching the Global Reach Fund initially both because we wanted to give the new team time to gel on a shorter list of names and because we wanted to be more aggressive with our first fund. We launched Grandeur Peak in 2011 with a senior research team of six, plus an intern. We now have a senior team of seven and a junior research team of an additional seven people. The team has come together very nicely and we believe is now well prepared to broaden their coverage list to the 300-500 compelling companies they have found across the globe.
We will share more detail about the newest addition to the Grandeur Peak Fund Family on our website at www.grandeurpeakglobal.com as we prepare for the Fund's June 19th launch.
Best Regards,
Eric
Eric Huefner
President
The objective of all Grandeur Peak Funds is long-term growth of capital.
RISKS:
Mutual fund investing involves risks and loss of principal is possible. Diversification does not eliminate the risk of experiencing investment loss. Investing in small and micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds.
Investing in foreign securities entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Investments in emerging markets are subject to the same risks as other foreign securities and may be subject to greater risks than investments in foreign countries with more established economies and securities markets.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit www.grandeurpeakglobal.com or call 1-855-377-PEAK (7325). Please read it carefully before investing.
Grandeur Peak Funds will deduct a 2.00% redemption proceeds fee on Fund shares held 60 days or less. For more complete information including charges, risks and expenses, read the prospectus carefully.
Grandeur Peak Funds are distributed by ALPS. Distributors, Inc (“ADI”). Eric Huefner is a registered representative of ADI.
Wait a second. So when these guys left Wasatch to start their own fund company because they wanted to be "smaller" was all BS? I mean they start 2 funds. Close 'em, start 3 more. WTF?
I own GPGOX in my IRA, but I'm not too happy right this moment.
So they ultimately plan on having 6-7 strategies/funds... at least for now. Any speculation on what those funds might be? Perhaps a frontier markets fund, if they keep taking cues from Wasatch?
Reply to @claimui: They already announced/filed for Emerging Markets fund when they announced Global Reach fund. That will probably mirror Wasatch one.
Bottom line folks, this has nothing to do with Investor's in mind. Successful managers leave because they either feel they are not compensated enough by their owners, or they just want to keep more of the management fee. Not saying, they should not think that way, just saying let's not confuse ourselves about who is "Number One" in the minds of the manager.
That is one reason I'm increasingly gravitating away from "small cap", "large cap", this that fund and buying one stop shop funds. Easy to do in taxable, hard in tax deferred.
Comments
"The Global Reach Fund will have a similar investment focus to the Grandeur Peak Global Opportunities Fund, which was closed to new investors on May 1, 2013. The Global Reach Fund will be more diversified, with 300-500 holdings, while the Global Opportunities Fund will continue to become increasingly concentrated in just 100-150 companies."
I think the best ideas of the team will be concentrated in GPGOX which is closed. Because GPROX is more diversified, it will have the opportunity to hold more assets.
Dear Fellow Shareholder,
We will be launching the newest Grandeur Peak Fund, the Grandeur Peak Global Reach Fund (GPROX/GPRIX) on June 19th. This Fund will contain our 300-500 favorite equity investment ideas globally and become the umbrella portfolio for all of our other small/micro cap funds. We founded Grandeur Peak to be a world class global small/micro cap boutique, and the Global Reach Fund will become our flagship portfolio.
The Global Reach Fund will have a similar investment focus to the Grandeur Peak Global Opportunities Fund, which was closed to new investors on May 1, 2013. The Global Reach Fund will be more diversified, with 300-500 holdings, while the Global Opportunities Fund will continue to become increasingly concentrated in just 100-150 of these companies. As we screen more than 30,000 companies around the world, it’s easy to find 300-500 really interesting investments—what we believe to be the best 1-2% of our investable universe. Robert & Blake have managed long list global portfolios since 2008. We believe this type of fund can beat the market over the long-term because of the opportunities and inefficiencies in the global small cap space, while also reducing portfolio risk by investing in a very diversified basket of quality companies.
Joining Robert Gardiner and Blake Walker as portfolio managers on the Global Reach Fund we are pleased to name Amy Hu Sunderland, Randy Pearce, and Spencer Stewart as Associate Portfolio Managers. Like all Grandeur Peak Funds, the entire research team will be involved in managing the Fund. We have a very collaborative approach, with a unified goal of delivering for our shareholders. Amy, Randy, and Spencer joined Grandeur Peak when we founded the firm in 2011. They are great analysts and have been instrumental in the success our existing funds have experienced to date.
In founding Grandeur Peak we laid out a product roadmap for the global small cap space. There are 6-7 strategies that we would ultimately like to manage. The Global Reach Fund will be the umbrella strategy, with more concentrated sub-strategies drawing from the Reach portfolio of holdings—including our two existing sub-strategies, Global Opportunities and International Opportunities.
There will be overlap in our strategies, so we consider capacity constraints not just at the individual portfolio level, but more importantly at the firm level. We recently closed our existing strategies at low asset levels not because we were feeling a capacity pinch, but in part to leave room for future funds that we intend to launch, like the Global Reach Fund. The addition of this Fund does not change the firm-wide asset limit of around $3B that we set before we launched our first fund, as we continue to believe in the critical importance of maintaining a nimble asset base when investing in small and micro cap companies.
We held off on launching the Global Reach Fund initially both because we wanted to give the new team time to gel on a shorter list of names and because we wanted to be more aggressive with our first fund. We launched Grandeur Peak in 2011 with a senior research team of six, plus an intern. We now have a senior team of seven and a junior research team of an additional seven people. The team has come together very nicely and we believe is now well prepared to broaden their coverage list to the 300-500 compelling companies they have found across the globe.
We will share more detail about the newest addition to the Grandeur Peak Fund Family on our website at www.grandeurpeakglobal.com as we prepare for the Fund's June 19th launch.
Best Regards,
Eric
Eric Huefner
President
The objective of all Grandeur Peak Funds is long-term growth of capital.
RISKS:
Mutual fund investing involves risks and loss of principal is possible. Diversification does not eliminate the risk of experiencing investment loss. Investing in small and micro cap funds will be more volatile and loss of principal could be greater than investing in large cap or more diversified funds.
Investing in foreign securities entails special risks, such as currency fluctuations and political uncertainties, which are described in more detail in the prospectus. Investments in emerging markets are subject to the same risks as other foreign securities and may be subject to greater risks than investments in foreign countries with more established economies and securities markets.
An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a prospectus, containing this and other information, visit www.grandeurpeakglobal.com or call 1-855-377-PEAK (7325). Please read it carefully before investing.
Grandeur Peak Funds will deduct a 2.00% redemption proceeds fee on Fund shares held 60 days or less. For more complete information including charges, risks and expenses, read the prospectus carefully.
Grandeur Peak Funds are distributed by ALPS. Distributors, Inc (“ADI”). Eric Huefner is a registered representative of ADI.
GPG000217 6/30/2014
I own GPGOX in my IRA, but I'm not too happy right this moment.
http://www.grandeurpeakglobal.com/documents/pdfs/grandeurpeakglobalfunds-pres-20130516.pdf
That is one reason I'm increasingly gravitating away from "small cap", "large cap", this that fund and buying one stop shop funds. Easy to do in taxable, hard in tax deferred.