GPIIX Performance — Grandeur Peak International Opportunities Fund, Institutional Class
Data updated: 2026-09-29
GPIIX returned +6.02% year to date and +6.26% over one year to Jul 2026. The annualised 3-year return is +3.33%. The fund trailed its International Mid-Cap Blend category average: $100 invested three years ago grew to $110, against $152 for the category, and to $106 over one year, against $120. Volatility over the past three years was 18.74% a year. In the 12 months to Jul 2026 the fund lost a net $109.4M, and assets reached $168.84M.
GPIIX Growth of $100
What $100 invested in Grandeur Peak International Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Mid-Cap Blend category average over the same months.
| Period | GPIIX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $106 | $120 |
| 3 years (Aug 2023 – Jul 2026) | $110 | $152 |
GPIIX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.02% |
| 1 year | +6.26% |
| 3 years (annualised) | +3.33% |
GPIIX Annual Returns
Calendar-year total returns of Grandeur Peak International Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +6.02% |
| 2025 | +11.93% |
| 2024 | −11.48% |
| 2023 (Aug–Dec) | +5.03% |
GPIIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +2.1% | +0.3% | −9.1% | +15.9% | +2.8% | −2.2% | −2.2% | — | — | — | — | — |
| 2025 | +1.6% | −2.2% | −2.9% | +7.1% | +5.3% | +5.1% | −2.3% | +2.9% | −1.1% | −1.7% | −0.6% | +0.8% |
| 2024 | −5.3% | +0.3% | 0.0% | −4.7% | +4.0% | −2.7% | +4.9% | +1.5% | +1.7% | −7.1% | −1.2% | −2.8% |
| 2023 | — | — | — | — | — | — | — | −3.2% | −5.4% | −7.6% | +13.8% | +9.2% |
GPIIX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 18.74%
- 3-year Sharpe ratio: -0.06 (vs 4.5% risk-free rate)
- Best month: +15.86% (Apr 2026)
- Worst month: −9.12% (Mar 2026)
GPIIX Fund Flows
Monthly money in and out of Grandeur Peak International Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: −$109.4M
- 12-month gross sales (incl. reinvestments): $17.8M
- Sales ÷ redemptions: 0.14×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $815K | $6.0M | −$5.2M |
| Jun 2026 | $2.2M | $1.5M | $735K |
| May 2026 | $587K | $16.3M | −$15.7M |
| Apr 2026 | $370K | $5.2M | −$4.8M |
| Mar 2026 | $743K | $30.8M | −$30.1M |
| Feb 2026 | $853K | $10.4M | −$9.5M |
| Jan 2026 | $946K | $8.8M | −$7.9M |
| Dec 2025 | $9.0M | $8.4M | $612K |
| Nov 2025 | $366K | $6.3M | −$5.9M |
| Oct 2025 | $641K | $14.4M | −$13.7M |
| Sep 2025 | $571K | $5.9M | −$5.3M |
| Aug 2025 | $731K | $13.2M | −$12.5M |
GPIIX Assets Under Management
Net assets of Grandeur Peak International Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $168.84M |
| 2026-04-30 | $191.67M |
| 2026-01-31 | $227.38M |
| 2025-10-31 | $243.91M |
| 2025-07-31 | $274.78M |
| 2025-04-30 | $308.89M |
| 2025-01-31 | $363.58M |
| 2024-10-31 | $428.40M |
| 2024-07-31 | $502.70M |
| 2024-04-30 | $502.73M |
| 2024-01-31 | $565.92M |
| 2023-10-31 | $516.82M |
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.