GPGIX Fees and Costs — Grandeur Peak Global Opportunities Fund, Institutional Class
Data updated: 2026-09-29
The net expense ratio is 1.40%: a 1.25% management fee plus 0.15% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $341K in broker commissions, 0.0833% of average net assets, and portfolio turnover was 60%.
GPGIX Fees and Expenses
Annual operating expenses and sales charges of GPGIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.40% |
| Fee waiver | — |
| Net expense ratio | 1.40% |
| 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 |
GPGIX Costs Over Time
On $10,000 invested in GPGIX, assuming 5% a year before costs, total costs come to $919 over 5 years, cutting the return by 1.56% 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 1.40%) | $147 | $456 | $787 |
| Trading costs (broker commissions) | $9 | $27 | $47 |
| Lost growth on money paid in costs | $0 | $24 | $85 |
| Total costs | $156 | $508 | $919 |
| Value after costs | $10,344 | $11,069 | $11,844 |
| Impact on return, per year | 1.56% | 1.56% | 1.56% |
GPGIX 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): 0.0833%
- Total broker commissions: $341K
- Bought from dealers (principal trades, not a cost): $8.4M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
GPGIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO., LLC | $67K | 19.62% |
| Macquarie Capital (USA) Inc. | $49K | 14.23% |
| GOLDMAN, SACHS & CO. | $46K | 13.60% |
| INVESTEC SECURITIES, LLC | $38K | 11.03% |
| LIQUIDNET, INC. | $33K | 9.74% |
| CARNEGIE, INC. | $32K | 9.47% |
| BERENBERG CAPITAL MARKETS LLC | $22K | 6.53% |
| UOB KAY HIAN (HONG KONG) LIMITED | $20K | 5.93% |
| AAUERBACH GRAYSON | $17K | 5.12% |
| WILLIAM BLAIR & COMPANY LLC | $16K | 4.74% |
GPGIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS, INC (WAS SSB) | $4.8M | 57.76% |
| GOLDMAN, SACHS & CO. | $2.3M | 27.08% |
| MORGAN STANLEY & CO., LLC | $1.3M | 15.16% |
Grandeur Peak Global 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 |
|---|---|---|---|
| GPGIX | Institutional Class | 1.40% | — |
| GPGOX | Investor Class | 1.65% | — |
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.