GUSYX Fees and Costs — Grandeur Peak US Stalwarts Fund, Institutional Class
Data updated: 2026-09-29
The net expense ratio is 0.96%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $110K in broker commissions, 0.0959% of average net assets, and portfolio turnover was 172%.
GUSYX Fees and Expenses
Annual operating expenses and sales charges of GUSYX. Prospectus, as of August 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.96% |
| Fee waiver | — |
| Net expense ratio | 0.96% |
| 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 |
GUSYX Costs Over Time
On $10,000 invested in GUSYX, assuming 5% a year before costs, total costs come to $660 over 5 years, cutting the return by 1.11% 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 0.96%) | $101 | $314 | $545 |
| Trading costs (broker commissions) | $10 | $31 | $54 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $111 | $363 | $660 |
| Value after costs | $10,389 | $11,213 | $12,103 |
| Impact on return, per year | 1.11% | 1.11% | 1.11% |
GUSYX 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): 0.0959%
- Total broker commissions: $110K
- Bought from dealers (principal trades, not a cost): $793K
- Portfolio turnover (prospectus): 172%
- Securities lending: none during the year
GUSYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN, SACHS & CO. | $25K | 23.15% |
| MORGAN STANLEY & CO., LLC | $23K | 20.76% |
| ROTH CAPITAL PARTNERS LLC | $14K | 13.11% |
| D.A. DAVIDSON & CO. | $12K | 11.25% |
| BTIG LLC | $10K | 8.88% |
| RAYMOND JAMES & ASSOCIATES, INC. | $10K | 8.74% |
| WILLIAM BLAIR & COMPANY LLC | $6K | 5.79% |
| LIQUIDNET, INC. | $4K | 3.42% |
| BERENBERG CAPITAL MARKETS LLC | $3K | 2.90% |
| LAKE STREET CAPITAL MARKETS LLC | $2K | 2.00% |
GUSYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO., LLC | $487K | 61.42% |
| GOLDMAN, SACHS & CO. | $306K | 38.58% |
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.