Fund Evaluator:

Grandeur Peak Global Reach Instl Overview

Grandeur Peak Global Reach Instl (GPRIX) is an actively managed International Equity Global Small/Mid Stock fund. Grandeur Peak Funds launched the fund in 2013.

The investment seeks long-term growth of capital. The fund invests primarily in foreign and domestic small- and micro-cap companies. Under normal market conditions, the Adviser will invest the fund’s assets primarily in equity securities (including common stock, preferred stock and securities convertible into common stock) of foreign and domestic companies with market capitalizations of less than $5 billion at the time of purchase. The fund will typically invest in securities issued by companies economically tied to at least ten countries, including the United States.

About Grandeur Peak Global Reach Instl (GPRIX)

There are 7 members of the management team with an average tenure of 5.18 years: Amy Sunderland (2013), Brad Barth (2016), Ben Gardiner (2025), Phil Naylor (2021), Tyler Glauser (2021), Preston Williams (2025), Robert Gardiner (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI IMI GR USD index with a weighting of 100% and MSCI ACWI Small GR USD index with a weighting of 100%. Grandeur Peak Global Reach Instl has 207 securities in its portfolio. The top 10 holdings constitute 11.4% 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 Global Reach Instl is part of the Equity global asset class and is within the International Equity fund group. Grandeur Peak Global Reach Instl has 74.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 24.6%. There is 74.2% allocated to foreign stock, and 0.6% 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 Global Reach Instl has 0.1% of the portfolio in cash.

Assets Under Management

The fund has $70 million in total assets, which is below the $892 million average for the Global Small/Mid Stock 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.

GPRIX 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 Global Reach Instl expense ratio is high compared to funds in the Global Small/Mid Stock category. Grandeur Peak Global Reach Instl has an expense ratio of 1.25%, which is 1% 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 Global Reach Instl has a portfolio turnover rate of 65%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Global Small/Mid Stock category.

Recently, in the month of July 2026, Grandeur Peak Global Reach Instl returned -1.8%, which earned it a grade of C, as the Global Small/Mid Stock category had an average return of -2.0%. 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 Global Reach Instl has a trailing yield of 2.06%, which is above the 1.34% 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 Global Reach Instl Grades

Year to date, the fund has returned 5.7%, 5.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 7.9% over the past year (grade of D), 6.2% over the past three years (grade of F) and -2.5% per year over the past five years (grade of F) and 8.0% per year over the past 10 years (grade of D).

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