GPRIX Fees and Costs — Grandeur Peak Global Reach Fund, Institutional Class
Data updated: 2026-09-29
The net expense ratio is 1.25%: a 1.10% management fee plus 0.39% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $102K in broker commissions, 0.0975% of average net assets, and portfolio turnover was 65%.
GPRIX Fees and Expenses
Annual operating expenses and sales charges of GPRIX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.39% |
| Gross expense ratio | 1.49% |
| Fee waiver | −0.24% |
| Net expense ratio | 1.25% |
| 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 |
GPRIX Costs Over Time
On $10,000 invested in GPRIX, assuming 5% a year before costs, total costs come to $837 over 5 years, cutting the return by 1.41% 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 1.25%) | $131 | $408 | $705 |
| Trading costs (broker commissions) | $10 | $32 | $55 |
| Lost growth on money paid in costs | $0 | $22 | $77 |
| Total costs | $141 | $462 | $837 |
| Value after costs | $10,359 | $11,115 | $11,926 |
| Impact on return, per year | 1.41% | 1.41% | 1.41% |
GPRIX 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): 0.0975%
- Total broker commissions: $102K
- Bought from dealers (principal trades, not a cost): $1.2M
- Portfolio turnover (prospectus): 65%
- Securities lending: none during the year
GPRIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO., LLC | $24K | 23.70% |
| GOLDMAN, SACHS & CO. | $15K | 15.23% |
| UOB KAY HIAN (HONG KONG) LIMITED | $11K | 11.16% |
| BERENBERG CAPITAL MARKETS LLC | $11K | 10.95% |
| Macquarie Capital (USA) Inc. | $10K | 9.83% |
| AAUERBACH GRAYSON | $7K | 6.98% |
| LIQUIDNET, INC. | $7K | 6.40% |
| INVESTEC SECURITIES, LLC | $6K | 5.76% |
| CARNEGIE, INC. | $5K | 5.25% |
| WILLIAM BLAIR & COMPANY LLC | $5K | 4.74% |
GPRIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $619K | 49.56% |
| MORGAN STANLEY & CO., LLC | $360K | 28.79% |
| CITIGROUP GLOBAL MARKETS, INC (WAS SSB) | $270K | 21.65% |
Grandeur Peak Global Reach Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GPRIX | Institutional Class | 1.25% | — |
| GPROX | Investor Class | 1.50% | — |
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.