Grandeur Peak Global Contrarian Fund Institutional Class GPGCX

The investment seeks long-term growth of capital. The fund invests primarily in foreign and domestic small- and micro-cap companies. Under normal market conditions, Grandeur Peak Global Advisers, LLC (the “Adviser”) invests the fund’s assets primarily in equity securities (including common stock, preferred stock, and securities convertible into common stock) of foreign and domestic companies with market capitalizations of less than $5 billion at the time of purchase.