GISOX Fees and Costs — Grandeur Peak International Stalwarts Fund, Investor Class
Data updated: 2026-09-29
The net expense ratio is 1.18%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $1.4M in broker commissions, 0.1042% of average net assets, and portfolio turnover was 32%.
GISOX Fees and Expenses
Annual operating expenses and sales charges of GISOX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.18% |
| Fee waiver | — |
| Net expense ratio | 1.18% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GISOX Costs Over Time
On $10,000 invested in GISOX, assuming 5% a year before costs, total costs come to $799 over 5 years, cutting the return by 1.35% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.18%) | $124 | $385 | $666 |
| Trading costs (broker commissions) | $11 | $34 | $59 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $135 | $440 | $799 |
| Value after costs | $10,365 | $11,136 | $11,964 |
| Impact on return, per year | 1.35% | 1.35% | 1.35% |
GISOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1042%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $38.7M
- Portfolio turnover (prospectus): 32%
- Securities lending: none during the year
GISOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Macquarie Capital (USA) Inc. | $217K | 15.56% |
| MORGAN STANLEY & CO., LLC | $195K | 13.96% |
| LIQUIDNET, INC. | $193K | 13.85% |
| GOLDMAN, SACHS & CO. | $164K | 11.76% |
| BERENBERG CAPITAL MARKETS LLC | $137K | 9.81% |
| UOB KAY HIAN (HONG KONG) LIMITED | $133K | 9.55% |
| INVESTEC SECURITIES, LLC | $125K | 8.93% |
| CARNEGIE, INC. | $98K | 6.99% |
| YUANTA FINANCIAL HOLDINGS | $69K | 4.95% |
| CANACCORD WEALTH MANAGEMENT (USA), INC. | $65K | 4.65% |
GISOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS, INC (WAS SSB) | $27.7M | 71.69% |
| GOLDMAN, SACHS & CO. | $8.1M | 20.86% |
| MORGAN STANLEY & CO., LLC | $2.2M | 5.82% |
| NATIONAL BANK OF CANADA FINANCIAL, INC. | $634K | 1.64% |
Grandeur Peak International Stalwarts Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GISYX | Institutional Class | 0.93% | — |
| GISOX | Investor Class | 1.18% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.