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Trending ETFs

GuidePath® Absolute Return Allocation Fund

mutual fund
GPARX
Payout Change
Pending
Price as of:
$9.399 -0.01 -0.1%
primary theme
U.S. Short-Term Bond Duration
share class
GPARX (Mutual Fund)

GuidePath® Absolute Return Allocation Fund

Payout Change
Pending
Price as of:
$9.399 -0.01 -0.1%
primary theme
U.S. Short-Term Bond Duration
share class
GPARX (Mutual Fund)

GuidePath® Absolute Return Allocation Fund

Payout Change
Pending
Price as of:
$9.399 -0.01 -0.1%
primary theme
U.S. Short-Term Bond Duration
share class

Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.40

$203 M

4.78%

$0.45

1.12%

Vitals

YTD Return

0.7%

1 yr return

5.4%

3 Yr Avg Return

-1.2%

5 Yr Avg Return

0.8%

Net Assets

$203 M

Holdings in Top 10

95.9%

52 WEEK LOW AND HIGH

$9.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 27.64%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$9.40

$203 M

4.78%

$0.45

1.12%

GPARX - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return -1.2%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.14%
DIVIDENDS
  • Dividend Yield 4.8%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    GuidePath® Absolute Return Allocation Fund
  • Fund Family Name
    GuideMark and GuidePath Funds
  • Inception Date
    Sep 13, 2012
  • Shares Outstanding
    36116399
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Selwyn Crews

Fund Description

The Fund operates as a fund of funds, investing primarily in registered mutual funds, including exchange-traded funds (“ETFs”). The funds in which the Fund may invest are referred to herein as the “Underlying Funds.” AssetMark, Inc. (“AssetMark” or the “Advisor”) believes that investing in Underlying Funds provides the Fund with an efficient means of creating a portfolio that provides investors with indirect exposure to a broad range of securities. By investing in the Fund, you will indirectly bear fees and expenses of the Underlying Funds in addition to the Fund’s direct fees and expenses. In order to obtain exposure to certain markets, asset classes or active management styles, the
Fund may buy Underlying Funds managed by the Advisor or its affiliates, which, in turn, invest in various securities, including ETFs. The Fund may also invest directly in securities and other exchange-traded products, such as exchange-traded notes (“ETNs”).
The Advisor’s asset allocation decisions will be based on different factors and analytical approaches, derived from absolute return asset allocation approaches developed by various research providers and considered by the Advisor in constructing the Fund’s portfolio. The research providers’ absolute return asset allocation approaches typically utilize fundamental and quantitative analyses of global market and economic conditions and assumptions regarding risks and returns. The Advisor seeks to create a portfolio that is optimized to seek to achieve consistent absolute positive returns over time regardless of the market environment.
In pursuing the Fund’s objective, the Fund invests, either directly or indirectly via the Underlying Funds, in fixed income or equity-oriented investments across global markets, using varying active asset allocation strategies among different security types, asset classes, yield and duration, valuation analyses, and currency exposure considerations.
The Fund may utilize an absolute return asset allocation strategy that builds on a foundation of alternative investments, such as long/short equity funds that seek a modest positive return from equity investments, that attempts to stay insulated from general stock market volatility, combined with opportunistic equity and fixed income investments strategically selected to enhance returns. The Fund may invest in Underlying Funds that use alternative strategies and/or use derivatives for risk management purposes or engage in significant use of derivatives as part of their investment strategies. The alternative strategies used by Underlying Funds may include, among others, long/short strategies – equity and fixed income, market-neutral strategies, absolute return/global macro strategies, and risk premium strategies, including market risk transfer strategies, alternative (marketplace) lending and real estate, reinsurance and commodity-linked derivatives. An Underlying Fund may use derivatives to earn income and enhance returns, to manage or adjust the risk profile of the Underlying Fund, to replace more traditional direct investments, or to obtain exposure to certain markets or asset classes, including digital assets such as bitcoin.
The Fund may also utilize absolute return asset allocation strategies that allocate assets to various fixed income instruments and sectors using various passive index-oriented ETFs focusing on instruments such as U.S. Government bonds and notes, corporate bonds, bank loans, mortgage-related securities and asset-backed securities, inflation-protected debt securities, corporate bonds of various quality levels and maturity/duration, and cash equivalent investments. Using this type of strategy, the Fund seeks to tactically avoid risk by reducing exposure at the appropriate times, while increasing exposure to attractive sectors on a timely basis.
The Fund lends its portfolio securities to seek to generate additional income.
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GPARX - Performance

Return Ranking - Trailing

Period GPARX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.5% 12.0% 81.97%
1 Yr 5.4% -0.3% 26.2% 31.02%
3 Yr -1.2%* -6.1% 4.3% 91.23%
5 Yr 0.8%* -4.1% 4.7% 86.43%
10 Yr 1.8%* -19.2% 169.8% 23.85%

* Annualized

Return Ranking - Calendar

Period GPARX Return Category Return Low Category Return High Rank in Category (%)
2023 1.9% -5.4% 7.6% 49.73%
2022 -13.0% -17.7% -2.6% 98.33%
2021 -1.1% -4.0% 4.4% 16.31%
2020 1.4% -8.3% 7.6% 67.98%
2019 4.5% -2.3% 9.3% 3.04%

Total Return Ranking - Trailing

Period GPARX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -2.5% 12.0% 81.97%
1 Yr 5.4% -0.3% 26.2% 31.02%
3 Yr -1.2%* -6.1% 4.3% 91.23%
5 Yr 0.8%* -4.1% 4.7% 86.43%
10 Yr 1.8%* -19.2% 169.8% 23.85%

* Annualized

Total Return Ranking - Calendar

Period GPARX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -1.1% 15.2% 17.18%
2022 -10.9% -17.3% -1.3% 99.07%
2021 0.8% -2.7% 7.7% 24.76%
2020 3.9% -4.4% 14.5% 58.35%
2019 7.4% 0.6% 12.6% 3.85%

NAV & Total Return History


GPARX - Holdings

Concentration Analysis

GPARX Category Low Category High GPARX % Rank
Net Assets 203 M 14.5 K 57.3 B 79.60%
Number of Holdings 20 2 9251 93.44%
Net Assets in Top 10 186 M 993 K 6.33 B 56.10%
Weighting of Top 10 95.87% 1.8% 108.7% 6.74%

Top 10 Holdings

  1. Mount Vernon Liquid Assets Portfolio, LLC 18.71%
  2. SPDR Bloomberg Investment Grade Floating Rate ETF 13.10%
  3. DoubleLine Total Return Bond Fund 10.60%
  4. Vanguard Mortgage-Backed Securities ETF 9.58%
  5. Vanguard High-Yield Corporate Fund 9.54%
  6. Vanguard Intermediate-Term Corporate Bond ETF 9.13%
  7. BlackRock Low Duration Bond Portfolio 7.46%
  8. DoubleLine Low Duration Bond Fund 7.42%
  9. Vanguard Short-Term Corporate Bond ETF 6.47%
  10. T Rowe Price Institutional Floating Rate Fund 3.85%

Asset Allocation

Weighting Return Low Return High GPARX % Rank
Stocks
103.64% 0.00% 103.64% 0.18%
Cash
18.71% -20.59% 62.18% 1.46%
Convertible Bonds
1.32% 0.00% 27.71% 77.92%
Preferred Stocks
0.00% 0.00% 22.27% 35.52%
Other
0.00% -0.97% 72.36% 78.87%
Bonds
0.00% 0.00% 130.36% 93.81%

Stock Sector Breakdown

Weighting Return Low Return High GPARX % Rank
Utilities
0.00% 0.00% 81.48% 28.65%
Technology
0.00% 0.00% 24.45% 29.78%
Real Estate
0.00% 0.00% 8.31% 85.39%
Industrials
0.00% 0.00% 100.00% 61.24%
Healthcare
0.00% 0.00% 23.11% 57.30%
Financial Services
0.00% 0.00% 100.00% 34.83%
Energy
0.00% 0.00% 100.00% 20.22%
Communication Services
0.00% 0.00% 65.64% 16.85%
Consumer Defense
0.00% 0.00% 21.37% 41.01%
Consumer Cyclical
0.00% 0.00% 10.75% 44.94%
Basic Materials
0.00% 0.00% 22.71% 31.46%

Stock Geographic Breakdown

Weighting Return Low Return High GPARX % Rank
US
103.64% 0.00% 103.64% 0.18%
Non US
0.00% 0.00% 0.02% 24.41%

GPARX - Expenses

Operational Fees

GPARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.01% 3.24% 20.96%
Management Fee 0.35% 0.00% 1.19% 54.83%
12b-1 Fee N/A 0.00% 1.00% 29.88%
Administrative Fee 0.25% 0.01% 0.50% 89.47%

Sales Fees

GPARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.50% 4.00% N/A

Trading Fees

GPARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

GPARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 27.64% 2.00% 500.00% 11.04%

GPARX - Distributions

Dividend Yield Analysis

GPARX Category Low Category High GPARX % Rank
Dividend Yield 4.78% 0.00% 11.11% 10.75%

Dividend Distribution Analysis

GPARX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Monthly Monthly

Net Income Ratio Analysis

GPARX Category Low Category High GPARX % Rank
Net Income Ratio 2.14% -1.27% 4.98% 10.24%

Capital Gain Distribution Analysis

GPARX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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GPARX - Fund Manager Analysis

Managers

Selwyn Crews


Start Date

Tenure

Tenure Rank

Jul 31, 2020

1.83

1.8%

Mr. Crews is Director of Portfolio Management for AssetMark, responsible for managing specific portfolios and solutions for the firm. Mr. Crews joined the firm in 2011. Prior to 2011, Mr. Crews was a leader at Genworth Financial where he was responsible for risk oversight of mutual funds in Variable Annuity products.

David McNatt


Start Date

Tenure

Tenure Rank

Jun 01, 2021

1.0

1.0%

Mr. McNatt is an Executive Vice President and Head of Investment Solutions for AssetMark, and serves as Portfolio Manager for the GuidePath® Growth Allocation Fund, GuidePath® Conservative Allocation Fund, GuidePath® Tactical Allocation Fund, GuidePath® Absolute Return Allocation Fund, GuidePath® Multi-Asset Income Allocation Fund, GuidePath® Flexible Income Allocation Fund, GuidePath® Conservative Income Fund, GuidePath® Income Fund, and GuidePath® Growth and Income Fund since June of 2021. He leads the firm’s Investment Solutions Group which focuses on providing asset management excellence and ensuring the AssetMark platform provides financial advisors and their clients investment products and services that meet their evolving needs. In his capacity, Mr. McNatt oversees the four groups comprising AssetMark’s Investment division including: Platform Investment Strategy; Investment Management; Investment Service and Operations; and Product Strategy & Development. Mr. McNatt served as Senior Vice President, Product Strategy and Management from 2015 to 2021. Prior to joining AssetMark, Mr. McNatt held senior leadership roles at Russell Investments, Charles Schwab and Franklin Templeton focused on the strategy, development and management of asset management products and services.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 28.77 6.16 2.41