GIFMX: GuidePath® Managed Futures Strat Instl

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GIFMX GuidePath® Managed Futures Strat Instl


Profile

GIFMX - Profile

Vitals

  • YTD Return 8.3%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return N/A
  • Net Assets $174 M
  • Holdings in Top 10 N/A

52 WEEK LOW AND HIGH

$8.85
$8.08
$9.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.27%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 0.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Managed Futures

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.00%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    GuidePath® Managed Futures Strategy Fund
  • Fund Family Name
    GuidePath
  • Inception Date
    Jan 19, 2016
  • Shares Outstanding
    117432
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Robert Rickard

Fund Description

Under normal market conditions, the fund seeks exposure to various asset classes, which may vary significantly over time but is generally expected to include exposure to equity markets, bond markets, interest rates, commodities, and currencies. The sub-advisor uses proprietary quantitative models to identify price trends in equity, fixed income, and currency and commodity instruments across time periods of various lengths.


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Categories

Performance

GIFMX - Performance

Return Ranking - Trailing

Period GIFMX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -18.8% 8.3% 1.05%
1 Yr 9.6% -21.6% 9.7% 2.22%
3 Yr 0.6%* -9.9% 4.6% 19.72%
5 Yr N/A* -8.6% 1.0% N/A
10 Yr N/A* -6.2% -0.2% N/A

* Annualized

Return Ranking - Calendar

Period GIFMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -6.5% 9.4% 82.02%
2018 -12.7% -18.5% 3.1% 84.42%
2017 5.6% 0.1% 10.8% 50.00%
2016 N/A -12.3% 8.7% N/A
2015 N/A -21.1% 6.0% N/A

Total Return Ranking - Trailing

Period GIFMX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -18.8% 8.3% 1.05%
1 Yr 9.6% -21.6% 9.7% 2.22%
3 Yr 0.6%* -8.2% 4.6% 19.72%
5 Yr N/A* -8.3% 1.8% N/A
10 Yr N/A* -6.0% 3.0% N/A

* Annualized

Total Return Ranking - Calendar

Period GIFMX Return Category Return Low Category Return High Rank in Category (%)
2019 3.3% -6.5% 9.4% 82.02%
2018 -12.7% -18.5% 3.1% 84.42%
2017 5.6% 0.1% 12.6% 54.41%
2016 N/A -12.3% 8.9% N/A
2015 N/A -21.1% 10.2% N/A

NAV & Total Return History


Holdings

GIFMX - Holdings

Concentration Analysis

GIFMX Category Low Category High GIFMX % Rank
Net Assets 174 M 7.29 M 150 B 51.58%
Number of Holdings 152 5 5741 72.63%
Net Assets in Top 10 712 M 2.4 M 10.1 B 22.11%
Weighting of Top 10 N/A 6.8% 99.8% 8.99%

Top 10 Holdings

  1. 90 Day Eurodollar Future June20 155.88%
  2. 3 Month Sterling Short Sterling Future June 20 79.23%
  3. 3 Month Euribor TAS Future June 20 73.91%
  4. 2 Year Treasury Note Future Mar 20 72.43%
  5. 5 Year Treasury Note Future Mar 20 45.82%
  6. 3 Year Australian Treasury Bond Future Mar 20 36.20%
  7. Short Euro-Btp Fu Mar20 32.28%
  8. 10 Year Treasury Note Future Mar 20 29.98%
  9. Long Gilt Future Mar 20 25.35%
  10. Future on Euro Bobl Future Dec 19 22.55%

Asset Allocation

Weighting Return Low Return High GIFMX % Rank
Bonds
527.03% 82.25% 2295.09% 13.68%
Stocks
102.31% 0.00% 102.31% 1.05%
Preferred Stocks
0.00% 0.00% 0.08% 98.95%
Convertible Bonds
0.00% 0.00% 36.72% 98.95%
Other
-6.55% -6.55% 20.17% 98.95%
Cash
-522.79% -2222.56% 17.68% 86.32%

Stock Sector Breakdown

Weighting Return Low Return High GIFMX % Rank
Technology
18.69% 0.00% 19.76% 18.92%
Financial Services
17.78% 0.00% 100.00% 67.57%
Consumer Cyclical
11.32% 0.00% 12.70% 18.92%
Industrials
10.87% 0.00% 19.00% 13.51%
Healthcare
9.66% 0.00% 14.95% 48.65%
Communication Services
7.98% 0.00% 16.45% 29.73%
Consumer Defense
6.74% 0.00% 13.22% 70.27%
Basic Materials
5.92% 0.00% 27.03% 43.24%
Energy
5.03% 0.00% 100.00% 54.05%
Utilities
3.22% 0.00% 16.19% 37.84%
Real Estate
2.79% 0.00% 29.67% 40.54%

Stock Geographic Breakdown

Weighting Return Low Return High GIFMX % Rank
Non US
56.45% 0.00% 56.45% 1.05%
US
45.86% -0.55% 45.86% 1.05%

Bond Sector Breakdown

Weighting Return Low Return High GIFMX % Rank
Government
73.23% 7.90% 79.20% 33.68%
Derivative
14.68% 0.00% 69.18% 27.37%
Cash & Equivalents
11.58% 0.53% 30.93% 11.58%
Corporate
0.50% 0.00% 89.75% 87.37%
Securitized
0.00% 0.00% 6.60% 98.95%
Municipal
0.00% 0.00% 0.22% 98.95%

Bond Geographic Breakdown

Weighting Return Low Return High GIFMX % Rank
Non US
513.73% 0.00% 2189.45% 6.32%
US
13.30% 0.00% 717.21% 24.21%

Expenses

GIFMX - Expenses

Operational Fees

GIFMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.27% 0.01% 43.49% 46.15%
Management Fee 1.05% 0.00% 1.64% 92.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.45% 66.67%

Sales Fees

GIFMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

GIFMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 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.

GIFMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 0.00% 0.00% 129.00% 1.25%

Distributions

GIFMX - Distributions

Dividend Yield Analysis

GIFMX Category Low Category High GIFMX % Rank
Dividend Yield 0.00% 0.00% 1.38% 98.95%

Dividend Distribution Analysis

GIFMX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Monthly Monthly Monthly

Net Income Ratio Analysis

GIFMX Category Low Category High GIFMX % Rank
Net Income Ratio 1.00% -0.78% 6.35% 78.02%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

GIFMX - Fund Manager Analysis

Managers

Robert Rickard


Start Date

Tenure

Tenure Rank

Jan 19, 2016

4.12

4.1%

As a Portfolio Manager at AlphaSimplex, Mr. Rickard is responsible for managing the cash portion of the firm’s strategies. He has over 25 years of industry experience. Mr. Rickard joined AlphaSimplex in 2015. Prior to this, Mr. Rickard served as the Senior Vice President, Head of Portfolio Management and Trading, and Portfolio Manager at Reich & Tang Asset Management, LLC. Mr. Rickard joined Reich & Tang Asset Management in 1992, and focused on the management of short-term assets. Mr. Rickard began managing the money market portion of AlphaSimplex’s products while at Reich & Tang Asset Management, and continues that work at AlphaSimplex. Mr. Rickard earned a B.S. in Accounting from Siena College and an M.B.A. from Pace University.

Robert Sinnott


Start Date

Tenure

Tenure Rank

Jan 19, 2016

4.12

4.1%

As a Senior Research Scientist and Portfolio Manager at AlphaSimplex, Mr. Sinnott serves as a co-portfolio manager for the AlphaSimplex Managed Futures Strategy. In this role, he is focused on portfolio management, applied research, and overall capability development. Mr. Sinnott joined AlphaSimplex in 2009. He specializes in trend-following, term-structure, and pattern-based trading strategies, as well as trade execution optimization. He holds two patents in risk-managed index design. Mr. Sinnott earned both an A.B. and an A.M. in Statistics from Harvard University, where he focused on statistical machine learning, capital markets, and time series analysis. Mr. Sinnott is also a CAIA® Charterholder.

Philippe Lüdi


Start Date

Tenure

Tenure Rank

Jan 19, 2016

4.12

4.1%

As a Senior Research Scientist at AlphaSimplex, Dr. Lüdi conducts applied research and product engineering. He also serves as a co-portfolio manager of certain mutual funds advised by AlphaSimplex. Dr. Lüdi joined AlphaSimplex in 2006. He has been involved in system engineering as well as global macro strategies. Dr. Lüdi earned the equivalent of an M.A. in Molecular and Computational Biology from the University of Basel. He also received a M.Sc. in Statistics and a Ph.D. in Bioinformatics, both from Duke University. In his doctoral program, Dr. Lüdi applied a Monte Carlo approach to risk analysis and developed a machine-learning algorithm applied to medicine that was subsequently featured in The Wall Street Journal. Dr. Lüdi is also a CFA® Charterholder.

Alexander Healy


Start Date

Tenure

Tenure Rank

Jan 19, 2016

4.12

4.1%

As Deputy Chief Investment Officer of AlphaSimplex, Dr. Healy is responsible for applied research and product engineering, including asset allocation, portfolio construction, and adaptive risk management strategies. Dr. Healy is a member of the Investment and Risk Committees and the Board of Directors. He also serves as a co-portfolio manager of certain mutual funds advised by AlphaSimplex. Dr. Healy joined AlphaSimplex in 2007 and has held the roles of Senior Research Scientist and Director of Strategic Research. He has developed various key elements of AlphaSimplex’s investment platform, including non-parametric investment models, volatility management overlays, and dynamic approaches to portfolio construction. Dr. Healy earned an A.B. in Mathematics and Computer Science from Harvard University, where he also received a Ph.D. in Theoretical Computer Science. His doctoral research focused on the uses of randomness in algorithms and cryptography, and introduced novel approaches to generating pseudo-random numbers together with new applications of these methods.

John Perry


Start Date

Tenure

Tenure Rank

Jul 31, 2017

2.58

2.6%

As a Senior Research Scientist, Portfolio Manager at AlphaSimplex, Dr. Perry focuses on research and portfolio management. Dr. Perry joined AlphaSimplex in 2012. Prior to this, he worked for Soros Fund Management, where he researched and developed quantitative equity trading strategies and risk models. Previously, he worked on the proprietary trading desk at J.P. Morgan. Dr. Perry earned a B.S. in Computer Engineering from the University of Utah, an M.S. in Management and a Ph.D. in Electrical Engineering and Computer Science from MIT. His dissertation provided new insights into the neuroeconomics of market makers..

Kathryn Kaminski


Start Date

Tenure

Tenure Rank

May 01, 2018

1.83

1.8%

As Chief Research Strategist at AlphaSimplex, Dr. Kaminski conducts applied research, leads strategic research initiatives, focuses on portfolio construction and risk management, and engages in product development. She also serves as a co-portfolio manager for the AlphaSimplex Managed Futures Strategy. Dr. Kaminski joined AlphaSimplex in 2018 after being a visiting scientist at the MIT Laboratory for Financial Engineering. Prior to this, she held portfolio management positions as a director, investment strategies at Campbell and Company and as a senior investment analyst at RPM, a CTA fund of funds. Dr. Kaminski co-authored the book Trend Following with Managed Futures: The Search for Crisis Alpha (2014). Her research and industry commentary have been published in a wide range of industry publications as well as academic journals. She is a contributory author for both the CAIA and CFA reading materials. Dr. Kaminski has taught at the MIT Sloan School of Management, the Stockholm School of Economics and the Swedish Royal Institute of Technology, KTH. Dr. Kaminski earned a B.S. in Electrical Engineering and Ph.D. in Operations Research from MIT where her doctoral research focused on stochastic processes, stopping rules, and investment heuristics. Dr. Kaminski is also a CAIA® Charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.27 26.22 6.09 26.22