GPMCX Performance — Grandeur Peak Global Micro Cap Fund, Institutional Class
Data updated: 2026-09-29
GPMCX returned +1.74% year to date and +5.47% over one year to Jul 2026. The annualised 3-year return is +7.74%. The fund trailed its Global Small Blend category average: $100 invested three years ago grew to $125, against $132 for the category, and to $105 over one year, against $123. Volatility over the past three years was 15.35% a year. In the 12 months to Jul 2026 the fund lost a net $2.7M, and assets reached $45.00M.
GPMCX Growth of $100
What $100 invested in Grandeur Peak Global Micro Cap Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Small Blend category average over the same months.
| Period | GPMCX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $123 |
| 3 years (Aug 2023 – Jul 2026) | $125 | $132 |
GPMCX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.74% |
| 1 year | +5.47% |
| 3 years (annualised) | +7.74% |
GPMCX Annual Returns
Calendar-year total returns of Grandeur Peak Global Micro Cap Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.74% |
| 2025 | +13.24% |
| 2024 | +3.22% |
| 2023 (Aug–Dec) | +5.17% |
GPMCX 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 | −1.7% | +1.2% | −8.9% | +8.5% | +4.5% | −1.9% | +1.2% | — | — | — | — | — |
| 2025 | −0.4% | −1.1% | +0.4% | +4.3% | +4.3% | +4.2% | −2.6% | +4.5% | −0.5% | −3.0% | −0.7% | +3.5% |
| 2024 | −2.9% | +4.1% | +0.5% | −4.8% | +3.4% | −0.7% | +6.5% | +2.1% | +1.6% | −5.3% | +2.9% | −3.6% |
| 2023 | — | — | — | — | — | — | — | −3.0% | −4.3% | −5.8% | +12.1% | +7.3% |
GPMCX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.35%
- 3-year Sharpe ratio: 0.21 (vs 4.5% risk-free rate)
- Best month: +12.11% (Nov 2023)
- Worst month: −8.94% (Mar 2026)
GPMCX Fund Flows
Monthly money in and out of Grandeur Peak Global Micro Cap Fund, from SEC Form N-PORT.
- 12-month net flow: −$2.7M
- 12-month gross sales (incl. reinvestments): $6.7M
- Sales ÷ redemptions: 0.72×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $237K | $525K | −$288K |
| Jun 2026 | $25K | $989K | −$964K |
| May 2026 | $238K | $654K | −$416K |
| Apr 2026 | $95K | $879K | −$784K |
| Mar 2026 | $838K | $463K | $375K |
| Feb 2026 | $700K | $819K | −$118K |
| Jan 2026 | $376K | $993K | −$617K |
| Dec 2025 | $2.0M | $1.3M | $712K |
| Nov 2025 | $1.2M | $872K | $323K |
| Oct 2025 | $651K | $440K | $211K |
| Sep 2025 | $133K | $951K | −$819K |
| Aug 2025 | $239K | $516K | −$277K |
GPMCX Assets Under Management
Net assets of Grandeur Peak Global Micro Cap Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $45.00M |
| 2026-04-30 | $45.05M |
| 2026-01-31 | $45.64M |
| 2025-10-31 | $46.29M |
| 2025-07-31 | $46.73M |
| 2025-04-30 | $44.96M |
| 2025-01-31 | $42.93M |
| 2024-10-31 | $44.79M |
| 2024-07-31 | $46.56M |
| 2024-04-30 | $44.31M |
| 2024-01-31 | $45.00M |
| 2023-10-31 | $38.89M |
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.