Fund Evaluator:
Grandeur Peak Intl Stalwarts Inv (GISOX)
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Fund Details
Grandeur Peak Intl Stalwarts Inv Overview
Grandeur Peak Intl Stalwarts Inv (GISOX) is an actively managed International Equity Foreign Small/Mid Growth fund. Grandeur Peak Funds launched the fund in 2015.
The investment seeks long-term growth of capital. The fund invests primarily in companies economically tied to countries outside the United States. Under normal market conditions, the Adviser will invest the fund's assets primarily in equity securities of companies economically tied to countries outside the United States with market capitalizations of more than $1.5 billion at the time of purchase. The fund may invest a significant amount of its total assets in securities issued by companies economically tied to emerging and frontier market countries.
About Grandeur Peak Intl Stalwarts Inv (GISOX)
There are 3 members of the management team with an average tenure of 9.84 years: Blake Walker (2015), Randy Pearce (2015), Brad Barth (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI Ex USA IMI GR USD index with a weighting of 100% and MSCI ACWI Ex USA Mid GR USD index with a weighting of 100%. Grandeur Peak Intl Stalwarts Inv has 87 securities in its portfolio. The top 10 holdings constitute 28.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Grandeur Peak Intl Stalwarts Inv is part of the Equity global asset class and is within the International Equity fund group. Grandeur Peak Intl Stalwarts Inv has 92.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 7.3%. There is 92.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Grandeur Peak Intl Stalwarts Inv has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $10 million in total assets, which is below the $327 million average for the Foreign Small/Mid Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GISOX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Grandeur Peak Intl Stalwarts Inv expense ratio is high compared to funds in the Foreign Small/Mid Growth category. Grandeur Peak Intl Stalwarts Inv has an expense ratio of 1.15%, which is 6% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Grandeur Peak Intl Stalwarts Inv has a portfolio turnover rate of 69%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Foreign Small/Mid Growth category.
Recently, in the month of June 2026, Grandeur Peak Intl Stalwarts Inv returned -3.4%, which earned it a grade of D, as the Foreign Small/Mid Growth category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Grandeur Peak Intl Stalwarts Inv has a trailing yield of 0.43%, which is below the 1.42% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Grandeur Peak Intl Stalwarts Inv Grades
Year to date, the fund has returned 17.3%, 8.5 percentage points better than the category, which translates into a grade of A. The fund has returned 12.3% over the past year (grade of B), 8.1% over the past three years (grade of D) and -2.4% per year over the past five years (grade of F) and 7.8% per year over the past 10 years (grade of B).
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GISOX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GISOX Return (NAV) | -3.4% | 18.9% | 12.3% | 8.1% | -2.4% | 7.8% |
| GISOX Grade | D | A | B | D | F | B |
| +/- Category | -0.7% | 8.7% | 1.5% | -3.7% | -3.3% | 0.5% |
| Foreign Small/Mid Growth Avg | -2.7% | 10.2% | 10.8% | 11.8% | 0.9% | 7.3% |
| GISOX Tax Cost Ratio | na | na | 0.2% | 0.2% | 0.5% | 0.4% |
GISOX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GISOX Return (NAV) | 17.3% | 9.8% | -10.0% | 14.6% | -37.6% | 24.4% | 38.2% | 31.6% | -17.6% | 36.5% | 5.0% |
| GISOX Grade | A | F | F | B | F | A | A | A | D | C | A |
| +/- Category | 8.5% | -11.0% | -10.9% | 1.2% | -9.0% | 14.6% | 12.8% | 3.8% | -1.5% | 1.2% | 5.7% |
| Foreign Small/Mid Growth Avg | 8.8% | 20.8% | 0.9% | 13.4% | -28.6% | 9.9% | 25.4% | 27.8% | -16.2% | 35.3% | -0.7% |
| Risk Measures | |
| Standard Deviation: | 21.3% |
| Total Risk Index: | 1.75 - High |
| Category Risk Index: | 1.29 - High |
| Category Risk Grade: | F (96% Rank) |
| Beta: | 1.28 |
| R-Squared: | 69% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.4% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1254 Mil |
| Fund Total Assets: | $ 10 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 69% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 10.8 years | |||
| Average Tenure: 9.8 years | |||
| Managers (Year): Walker Blake (2015), Pearce Randy (2015), Barth Brad (2018) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 87 |
| % in Top 10 Holdings: | 28.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 92.1% |
Portfolio Allocation |
|
| Domestic Stock: | 7.3% |
| Foreign Stock: | 92.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Grandeur Peak Funds |
| Phone Number: | 855-377-7325 |
| Website: |
| Status: | Open |
| Inception Date: | September 1, 2015 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.15% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.22% |
| Share Class: | Grandeur Peak Intl Stalwarts Instl |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
