Dear Fellow Shareholders:
It is with heavy hearts and thoughtful consideration that we inform you that the Rondure New World Fund (RNWOX/RNWIX) will be liquidated on October 18, 2024, and with this closure, we will also be closing Rondure Global Advisors.
The economic landscape of our emerging markets-focused strategies has been challenging for some time. Our entire team has been dedicated to facing those challenges with the constant objective to achieve long-term positive returns for our clients and investors. Unfortunately, recent unforeseen developments within our business have forced us to reevaluate our ability to continue. It is a painful outcome and certainly not a decision we anticipated ever having to make, particularly when we think emerging markets remain such an interesting and compelling long-term investment. We did not make this decision lightly, but ultimately, consideration of the economic and operational realities of continuing the firm have led us to realize closing is the best outcome for our clients.
As an investor in the Rondure New World Fund, you have two options: a) redeem your account prior to October 18, 2024, or b) receive a check for the value of the account shortly after October 18th. Note: If you hold the New World Fund in a taxable account, the IRS will consider either option to be a taxable event.
We would like to thank you for all the years together. It was truly a pleasure serving you; we wish we could continue. We are proud of Rondure and the contribution we’ve made to international investing and diversity within our industry. If you, like us, remain intrigued by the long-term opportunities in the emerging markets space, we have talked with Grandeur Peak Global Advisors about allowing Rondure clients to invest in their soft closed Grandeur Peak Emerging Markets Fund (GPEIX). If you’re interested in exploring this option, please reach out to client@grandeurpeakglobal.com to discuss their Fund and a purchase waiver.
Please let us know if we can be of assistance through this transition, or feel free to call the Rondure Funds shareholder services team at 1-855-775-3337.
Thank you for your understanding and support.
Best regards,
The Rondure Global Advisors Team
Investing involves risk, including loss of principal. An investor should consider investment objectives, risks, charges, and expenses carefully before investing. To obtain a Rondure Fund prospectus, containing this and other information, visit www.rondureglobal.com or call 1.855.775.3337. To obtain a Grandeur Peak Funds prospectus, containing investment objectives, risks, charges and expenses, visit www.grandeurpeakglobal.com or call 1-855-377-PEAK (7325).
Rondure Funds and Grandeur Peak Funds are distributed by Northern Lights Distributors, LLC (Member FINRA / SIPC). Northern Lights Distributors, LLC, is not affiliated with Rondure Global Advisors or Grandeur Peak Global Advisors.
