GPGCX Fees and Costs — Grandeur Peak Global Contrarian Fund, Institutional Class
Data updated: 2026-09-29
The net expense ratio is 1.21%: a 1.00% management fee plus 0.21% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $124K in broker commissions, 0.0852% of average net assets, and portfolio turnover was 67%.
GPGCX Fees and Expenses
Annual operating expenses and sales charges of GPGCX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.21% |
| Fee waiver | — |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
GPGCX Costs Over Time
On $10,000 invested in GPGCX, assuming 5% a year before costs, total costs come to $805 over 5 years, cutting the return by 1.36% 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 1.21%) | $127 | $395 | $683 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $444 | $805 |
| Value after costs | $10,364 | $11,132 | $11,957 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
GPGCX 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): 0.0852%
- Total broker commissions: $124K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 67%
- Securities lending: none during the year
GPGCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $22K | 17.91% |
| MORGAN STANLEY & CO., LLC | $22K | 17.86% |
| Macquarie Capital (USA) Inc. | $20K | 16.18% |
| LIQUIDNET, INC. | $13K | 10.50% |
| INVESTEC SECURITIES, LLC | $10K | 8.34% |
| AAUERBACH GRAYSON | $9K | 7.14% |
| BERENBERG CAPITAL MARKETS LLC | $8K | 6.84% |
| ROTH CAPITAL PARTNERS LLC | $7K | 5.63% |
| WILLIAM BLAIR & COMPANY LLC | $6K | 4.97% |
| MAYBANK KIM ENG SECURITIES USA, INC. | $6K | 4.62% |
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.