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      <registrantFullName>Goehring &amp; Rozencwajg Investment Funds</registrantFullName>
      <investmentCompFileNo>811-23177</investmentCompFileNo>
      <registrantCik>0001680255</registrantCik>
      <registrantLei>549300Y91FH02GJC8555</registrantLei>
      <registrantstreet1>115 Broadway </registrantstreet1>
      <registrantstreet2>Suite 05-141</registrantstreet2>
      <registrantcity>New York</registrantcity>
      <registrantzipCode>10006</registrantzipCode>
      <registrantstate>US-NY</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>646-216-9777</registrantphoneNumber>
      <websites>
        <website webpage="www.gr-funds.com/"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>State Street Bank and Trust</officeName>
          <officeAddress1>1 Lincoln Street</officeAddress1>
          <officeCity>Boston</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-MA"/>
          <officeRecordsZipCode>02111</officeRecordsZipCode>
          <officePhone>617-786-3000</officePhone>
          <booksRecordsDesc>The books and records required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the rules there under</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>Alps Fund Services, Inc.</officeName>
          <officeAddress1>1290 Broadway</officeAddress1>
          <officeAddress2>Suite 1000</officeAddress2>
          <officeCity>Denver</officeCity>
          <officeStateCountry officeCountry="US" officeState="US-CO"/>
          <officeRecordsZipCode>80203</officeRecordsZipCode>
          <officePhone>844-894-9222</officePhone>
          <booksRecordsDesc>The books and records required to be maintained by Section 31(a) of the Investment Company Act of 1940, as amended, and the rules there under</booksRecordsDesc>
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      <isRegistrantFamilyInvComp>N</isRegistrantFamilyInvComp>
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      <totalSeries>1</totalSeries>
      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
      <directors>
        <director>
          <directorName> Adam A Rozenscwajg </directorName>
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          <directorName> Edward O'Brien </directorName>
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        <director>
          <directorName>Deborah Clay</directorName>
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        <director>
          <directorName> J. Douglas Newsome </directorName>
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      <chiefComplianceOfficers>
        <chiefComplianceOfficer>
          <ccoName>Alex Morgan</ccoName>
          <crdNumber>N/A</crdNumber>
          <ccoStreet1>100 South Wacker Drive</ccoStreet1>
          <ccoStreet2>19th Floor</ccoStreet2>
          <ccoCity>Chicago</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-IL"/>
          <ccoZipCode>60606</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
          <isCcoChangedSinceLastFiling>Y</isCcoChangedSinceLastFiling>
          <ccoEmployers>
            <ccoEmployer ccoEmployerName="Alps Fund Services, Inc." ccoEmployerId="N/A"/>
          </ccoEmployers>
        </chiefComplianceOfficer>
      </chiefComplianceOfficers>
      <isRegistrantSubmittedMatter>N</isRegistrantSubmittedMatter>
      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
      <isPreviousProceedingTerminated>N</isPreviousProceedingTerminated>
      <isClaimFiled>N</isClaimFiled>
      <isCoveredByInsurancePolicy>N</isCoveredByInsurancePolicy>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>ALPS Distributors, Inc.</principalUnderwriterName>
          <principalUnderwriterFileNumber>8-34626</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000016853</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-CO"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>N</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>Grant Thornton LLP</publicAccountantName>
          <pcaobNumber>248</pcaobNumber>
          <publicAccountantLei>549300V6SBN782HF4N65</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantCountry="US" publicAccountantState="US-PA"/>
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      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Goehring &amp; Rozencwajg Resources Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000055275</mgmtInvSeriesId>
        <mgmtInvLei>549300Y91FH02GJC8555</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>2</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
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          <sharesOutstanding sharesOutstandingClassName="Retail Class" sharesOutstandingClassId="C000173813" sharesOutstandingTickerSymbol="GRHAX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))</relyOnRuleType>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Goehring &amp; Rozencwajg Associates, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-107891</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000283394</investmentAdviserCrdNo>
            <investmentAdviserLei>549300238O0SJLE7QI51</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserState="US-NY" investmentAdviserCountry="US"/>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Alps Fund Services, Inc.</transferAgentName>
            <transferAgentFileNo>84-05730</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-CO" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceIdNumberDesc>N/A</pricingServiceIdNumberDesc>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
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          <custodian>
            <custodianName>State Street Bank and Trust Company</custodianName>
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            <custodianStateCountry custodianState="US-MA" custodianCountry="US"/>
            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>ALPS Fund Services, Inc.</shareholderServiceAgentName>
            <shareholderServiceAgentLei>N</shareholderServiceAgentLei>
            <shareholderServiceIdNumberDesc>N/A</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-CO" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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            <adminLei>N</adminLei>
            <idNumberDesc>N/A</idNumberDesc>
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            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
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        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
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          <broker>
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            <brokerLei>N/A</brokerLei>
            <brokerCountry>CN</brokerCountry>
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          <broker>
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        <aggregateCommission>608911</aggregateCommission>
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          <principalTransaction>
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          <principalTransaction>
            <principalName>Stifel, Nicolaus &amp; Company, Incorporated</principalName>
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        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>408009796</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
      </managementInvestmentQuestion>
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    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
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    <signature registrantSignedName="Goehring &amp; Rozencwajg Investment Funds" signedDate="2025-08-13" signature="Adam A. Rozencwajg" title="Principal Financial Officer"/>
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