Our Firm: Grandeur Peak Global Advisors, LLC (“Grandeur Peak Global”) was founded on July 1, 2011 by Robert Gardiner, Blake Walker, and Eric Huefner. The firm is headquartered in Salt Lake City, Utah. It is a privately held limited liability company, and is a wholly-owned subsidiary of Grandeur Peak Global Holdings, LLC, in which Mr. Walker, Mr. Huefner and a Huefner family trust, and Gardiner Grandeur Talents LLC continue to be the principal owners. Grandeur Peak Global is registered as an investment adviser with the SEC. Our Advisory Services: Grandeur Peak Global provides discretionary investment management services to the Grandeur Peak Funds, a family of no-load mutual funds that are part of the Grandeur Peak Global Trust (“GPGT”), a series trust. There are currently ten mutual funds in the Grandeur Peak fund family (together the “Grandeur Peak Funds”):  Grandeur Peak Emerging Markets Opportunities Fund  Grandeur Peak Global Contrarian Fund  Grandeur Peak Global Micro Cap Fund  Grandeur Peak Global Opportunities Fund  Grandeur Peak Global Reach Fund  Grandeur Peak Global Stalwarts Fund  Grandeur Peak International Opportunities Fund  Grandeur Peak International Stalwarts Fund  Grandeur Peak US Stalwarts Fund  Grandeur Peak Global Explorer Fund Each fund is more fully described in the Grandeur Peak Funds Prospectus available online at www.grandeurpeakglobal.com or www.sec.gov. Grandeur Peak Global currently provides investment management services in the Global Opportunities and International Stalwarts strategies to accredited investors through private investment funds. There may be other private funds in the future (together the “Grandeur Peak LPs”). Each private investment fund is more fully described in the offering documents provided to investors. Grandeur Peak Global also offers similar investment management services in the Global Stalwarts, International Stalwarts, International Opportunities, and Global Explorer strategies to certain accredited investors through separately managed accounts (together the “Grandeur Peak SMAs”). Each such relationship is governed by an investment management agreement agreed to by Grandeur Peak Global and the client. The Grandeur Peak Funds, the Grandeur Peak LPs, and the Grandeur Peak SMAs are together referred to each as a “Portfolio” and together as the “Portfolios.” Item 8 provides more information about our investment strategy. Grandeur Peak Global offers advisory services from time-to-time, including general market advice and its analysis of companies, to certain unaffiliated private fund advisers. Grandeur Peak Global does not provide financial planning services, nor does Grandeur Peak Global advise clients in the selection

of other investments that it does not manage. Tailoring Our Services: Grandeur Peak Global does not tailor its services to the individual needs of shareholders or investors in the Grandeur Peak Funds or Grandeur Peak LPs. All shareholders in the Grandeur Peak Funds are shareholders in a common mutual fund and as such cannot impose restrictions on investing in certain securities. All investors in the Grandeur Peak LPs are limited partners in a pooled investment vehicle and as such are not able to individually impose restrictions on investing in certain securities. The Grandeur Peak SMAs are managed in a similar style to their respective Grandeur Peak Fund strategy, although variations exist. The principal variations result from specific guidelines and restrictions placed on separate account portfolios by clients. Restrictions on the management of the account must be mutually agreed upon by Grandeur Peak Global and the client. Clients who place restrictions, including restrictions as to types of securities, concentrations, countries, cash balances, brokers to be used or not used, etc. should recognize that the performance of their account(s) may not be consistent with the performance of other accounts managed in the same or similar strategy. Assets Under Management: As of December 31, 2023, Grandeur Peak Global had $6.317 billion in assets under management. All of these assets were discretionary assets. Administrative Services: Grandeur Peak Global provides back office, administrative, trading, compliance, and IT services to Rondure Global Advisors, LLC (“Rondure”). More information about the relationship between Grandeur Peak Global and Rondure is provided in Item 10. Services Grandeur Peak Global Does Not Typically Provide: When Grandeur Peak Global takes significant positions in an issuer, Grandeur Peak Global is required to file reports with issuers and regulators around the globe regarding its clients’ holdings of the issuer. Those reports are often made available to the public and at times require disclosure to the public of a client’s identity and holdings. While Grandeur Peak Global monitors holdings of its clients on an aggregate basis, and makes regulatory filings (around the globe) as required based on the aggregate holdings of the Portfolios, Grandeur Peak Global does not monitor or advise its Grandeur Peak SMA clients on individual reporting requirements they may have. Grandeur Peak Global does not file class action claims for Grandeur Peak SMA clients. If Grandeur Peak Global receives class action information, we will make a good faith effort to share such information with the applicable Grandeur Peak SMA clients or client custodians based on the client’s management agreement.