Dear Fellow Shareholders, Each year, alongside the September 1st annual update of the Grandeur Peak Funds Prospectus, we share a brief overview of what we believe to be the meaningful changes made to the Prospectus. We are thrilled to welcome our Founder and Chairman, Robert Gardiner, back from his three-year sabbatical. Since returning, Robert has spent […]| Grandeur Peak Global
Contents Market CommentaryPortfolio CommentaryNotes from the RoadBusiness UpdateTotal Returns | As of June 30, 2025 Market Commentary Key Takeaways The High-Quality Squeeze The second quarter of 2025 brought strong equity market returns, despite heightened geopolitical uncertainty. Notably, foreign small cap growth stocks led the rally. Exhibit 1 Source: Factset, MSCI Indices, June 30, 2025. Distinct […]| Grandeur Peak Global
Company Touch Tracker This quarter our team engaged with 455 companies across the world, putting our trailing 12-month company touches at 1,707. In Q2, team members traveled domestically to Massachusetts, Minnesota, Kentucky, Utah, California, and Florida. Internationally, team members traveled to Japan, India, Taiwan, China, Australia, UAE, Sweden, and the United Kingdom and interacted with […]| Grandeur Peak Global
Over the past fifteen years, many investors have pointed to U.S. equity performance as evidence of its perpetual dominance. This view highlights the concentration of large, innovative companies in the U.S. and its perceived economic resilience. However, emerging trends suggest a more nuanced outlook is warranted. Shifting Economic Share The U.S. share of global gross […]| Grandeur Peak Global
At Grandeur Peak, your security is a top priority. As investment scams become increasingly sophisticated, it’s crucial to stay informed and take precautions to protect your personal wealth. According to FINRA Investor Alert, “Since fall 2023, FINRA has seen a significant spike in investor complaints resulting from recommendations made by fraudulent ‘investment groups’ promoted through […]| Grandeur Peak Global
Company Touch Tracker This quarter our team engaged with 455 companies across the world, putting our trailing 12-month company touches at 1,707. In Q1, team members traveled domestically to Massachusetts, Minnesota, Kentucky, Utah, California, and Florida. Internationally, team members traveled to Japan, Sweden, and the United Kingdom and interacted with companies in 32 other countries. […]| Grandeur Peak Global
Back to all Back to all Share Foreign small cap growth stocks have been negatively impacted by the rising rate environment more than any other segment of the global equity market. In fact, the correlation between foreign small cap growth stocks and US interest rates is close to 1.0 since 2022. As a result, foreign […]| Grandeur Peak Global
Company Touch Tracker This quarter our team engaged with 412 companies across the world, putting our trailing 12-month company touches at 1,693. This past quarter, team members traveled domestically to Pennsylvania, Texas, Arizona, Georgia, Illinois, California and New York. Internationally, team members traveled to Australia, China, Canada, India Japan, United Kingdom and Taiwan and interacted […]| Grandeur Peak Global
Dear Fellow Shareholders, As Blake Walker, CEO, mentioned in his Annual Letter, as of January 1, 2025, we will be temporarily reopening all of our soft-closed funds including the Grandeur Peak Global Opportunities Fund (GPGOX/GPGIX), Grandeur Peak International Opportunities Fund (GPIOX/GPIIX), Grandeur Peak Emerging Markets Opportunities Fund (GPEOX/GPEIX), Grandeur Peak Global Reach Fund (GPROX/GPRIX), Grandeur […]| Grandeur Peak Global
My Fellow Grandeur Peak Investors, When we started Grandeur Peak 13 years ago, we made a commitment to try and treat every one of our investors as if they were a personal friend. In fact, I have a lot a lot of life-long, very close friends who invest with Grandeur Peak. In addition, my own […]| Grandeur Peak Global