GPEIX Fees and Costs — Grandeur Peak Emerging Markets Opportunities Fund, Institutional Class
Data updated: 2026-09-29
The net expense ratio is 1.70%: a 1.35% management fee plus 0.50% other expenses, less a 0.15% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $189K in broker commissions, 0.2167% of average net assets, and portfolio turnover was 30%.
GPEIX Fees and Expenses
Annual operating expenses and sales charges of GPEIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.85% |
| Fee waiver | −0.15% |
| Net expense ratio | 1.70% |
| 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 |
GPEIX Costs Over Time
On $10,000 invested in GPEIX, assuming 5% a year before costs, total costs come to $1,177 over 5 years, cutting the return by 2.01% 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 1.70%) | $178 | $552 | $947 |
| Trading costs (broker commissions) | $23 | $70 | $121 |
| Lost growth on money paid in costs | $0 | $31 | $109 |
| Total costs | $201 | $653 | $1,177 |
| Value after costs | $10,299 | $10,923 | $11,586 |
| Impact on return, per year | 2.01% | 2.01% | 2.01% |
GPEIX 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): 0.2167%
- Total broker commissions: $189K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
GPEIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO., LLC | $39K | 20.86% |
| UOB KAY HIAN (HONG KONG) LIMITED | $30K | 16.07% |
| GOLDMAN, SACHS & CO. | $28K | 14.70% |
| AAUERBACH GRAYSON | $17K | 9.00% |
| MAYBANK KIM ENG SECURITIES USA, INC. | $16K | 8.51% |
| WOOD & CO | $15K | 7.71% |
| Macquarie Capital (USA) Inc. | $13K | 6.99% |
| ITAU BBA USA SECURITIES, INC. | $12K | 6.31% |
| CLSA | $11K | 5.67% |
| SANTANDER INVESTMENT SECURITIES, INC. | $8K | 4.18% |
Grandeur Peak Emerging Markets Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GPEIX | Institutional Class | 1.70% | — |
| GPEOX | Investor Class | 1.95% | — |
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.