GDMZX Performance — Defensive Market Strategies Fund, Investor Class
Data updated: 2026-08-27
GDMZX returned +5.84% year to date and +12.93% over one year to Jun 2026. Annualised returns are +10.53% over 3 years and +5.96% over 5 years. Against its Long-Short Equity category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $135, against $131 for the category, and to $113 over one year, against $116. Volatility over the past three years was 7.79% a year. In the 12 months to Jun 2026 the fund lost a net $166.7M, and assets reached $1.28B.
GDMZX Growth of $100
What $100 invested in Defensive Market Strategies Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Long-Short Equity category average over the same months.
| Period | GDMZX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $113 | $116 |
| 3 years (Jul 2023 – Jun 2026) | $135 | $131 |
| 5 years (Jul 2021 – Jun 2026) | $134 | $131 |
| Since data start (Jul 2019 – Jun 2026) | $166 | $145 |
GDMZX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +5.84% |
| 1 year | +12.93% |
| 3 years (annualised) | +10.53% |
| 5 years (annualised) | +5.96% |
GDMZX Annual Returns
Calendar-year total returns of Defensive Market Strategies Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +5.84% |
| 2025 | +10.11% |
| 2024 | +11.36% |
| 2023 | +11.15% |
| 2022 | −11.41% |
| 2021 | +11.79% |
| 2020 | +9.85% |
| 2019 (Jul–Dec) | +5.95% |
GDMZX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.3% | −0.2% | −3.5% | +5.4% | +3.2% | −0.2% | — | — | — | — | — | — |
| 2025 | +2.1% | −0.4% | −3.3% | −1.0% | +3.2% | +2.7% | +0.8% | +1.8% | +1.8% | +1.3% | +0.7% | +0.1% |
| 2024 | +0.4% | +2.0% | +1.9% | −2.9% | +2.8% | +1.5% | +1.7% | +1.6% | +1.5% | −1.0% | +3.9% | −2.3% |
| 2023 | +3.0% | −1.7% | +1.5% | +0.9% | −0.3% | +3.3% | +1.9% | −1.5% | −2.7% | −1.8% | +4.9% | +3.4% |
| 2022 | −3.9% | −1.1% | +1.8% | −4.9% | −0.6% | −4.9% | +4.4% | −2.0% | −5.5% | +4.6% | +3.5% | −2.6% |
| 2021 | −0.7% | +1.4% | +2.2% | +2.3% | +0.7% | +0.9% | +1.3% | +1.3% | −2.8% | +3.5% | −1.5% | +2.9% |
| 2020 | +0.1% | −5.7% | −10.8% | +7.7% | +4.2% | +1.2% | +3.7% | +3.1% | −1.3% | −0.8% | +6.8% | +2.7% |
| 2019 | — | — | — | — | — | — | +1.1% | −0.4% | +1.0% | +0.7% | +1.6% | +1.8% |
GDMZX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 7.79%
- 3-year Sharpe ratio: 0.77 (vs 4.5% risk-free rate)
- Best month: +5.43% (Apr 2026)
- Worst month: −3.55% (Mar 2026)
GDMZX Fund Flows
Monthly money in and out of Defensive Market Strategies Fund, from SEC Form N-PORT.
- 12-month net flow: −$166.7M
- 12-month gross sales (incl. reinvestments): $217.0M
- Sales ÷ redemptions: 0.57×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $24.1M | $17.8M | $6.4M |
| May 2026 | $10.0M | $11.2M | −$1.2M |
| Apr 2026 | $16.7M | $8.4M | $8.4M |
| Mar 2026 | $5.0M | $5.2M | −$118K |
| Feb 2026 | $18.5M | $9.3M | $9.2M |
| Jan 2026 | $11.2M | $25.4M | −$14.2M |
| Dec 2025 | $97.3M | $10.5M | $86.8M |
| Nov 2025 | $3.4M | $6.5M | −$3.1M |
| Oct 2025 | $7.7M | $10.0M | −$2.3M |
| Sep 2025 | $8.9M | $7.2M | $1.8M |
| Aug 2025 | $5.8M | $4.7M | $1.1M |
| Jul 2025 | $8.2M | $267.6M | −$259.4M |
GDMZX Assets Under Management
Net assets of Defensive Market Strategies Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $1.28B |
| 2026-03-31 | $1.18B |
| 2025-12-31 | $1.22B |
| 2025-09-30 | $1.20B |
| 2025-06-30 | $1.40B |
| 2025-03-31 | $1.33B |
| 2024-12-31 | $1.51B |
| 2024-09-30 | $1.52B |
| 2024-06-28 | $1.47B |
| 2024-03-28 | $1.44B |
| 2023-12-29 | $1.38B |
| 2023-09-29 | $1.30B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.