GIOFX — GuideMark Opportunistic Fixed Income Fund

Data updated: 2021-02-22

GIOFX — GuideMark Opportunistic Fixed Income Fund. Bond · $42.71M AUM · 0.96% expense ratio · -10.1% 1-yr return. Holdings, fees, performance and SEC filings.

GIOFX Fund Overview

GIOFX — GuideMark Opportunistic Fixed Income Fund is a US mutual fund managed by GPS Funds II, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

Type: US mutual fund
Manager: GPS Funds II
Category: Bond
Assets under management: $42.71M
1-year return: -10.1%
Ticker: GIOFX
SEC CIK: 0001504079
SEC series ID: S000030985
Share class ID: C000096037

GIOFX Investment Objective and Strategy

GuideMark Opportunistic Fixed Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by GPS Funds II.

Investment objective

The GuideMark Opportunistic Fixed Income Fund (the Fund) seeks to maximize total investment return, consisting of a combination of interest income, capital appreciation, and currency gains.

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its assets in fixed income securities and/or investments that provide exposure to fixed income securities. Investments in fixed income securities may include, but are not limited to, debt securities of governments and government agencies throughout the world (including the United States), their agencies and instrumentalities and supranational organizations, municipal and local/provincial debt, debt securities of corporations, commercial paper, preferred stock, bank loans, convertible securities, mortgage- or asset-backed securities, inflation-linked securities, inverse floater securities, interest-only and principal-only securities, equipment trusts, other securitized or collateralized debt obligations, and cash equivalents. The Fund seeks to achieve its investment objective by investing primarily in fixed and floating rate debt securities, debt obligations of governments, government-related or corporate issuers worldwide and/or investments that provide exposure to fixed income securities.

The Fund also regularly enters into currency-related transactions in both developed and emerging markets, in an attempt to generate total return and manage risk from differences in global short-term interest rates. The Fund may invest in securities or structured products that are linked to or derive their value from another security, index or asset (derivative investments). The Fund may enter into various currency-related transactions involving derivative instruments, including currency and cross-currency forwards, currency and cross-currency swaps, and currency and currency index futures contracts. In addition, the Funds assets will be, under normal circumstances, invested in issuers located in or denominated in at least three countries (including the United States) and the Fund may invest a substantial portion (up to 75%) of its assets in emerging markets.

The Funds investments in fixed income securities may have all types of interest rate payment and reset terms, including fixed rate, adjustable rate, zero coupon, pay-in-kind and auction rate features. In addition, the fixed income securities and related instruments purchased by the Fund may be denominated in any currency, have coupons payable in any currency and may be of any maturity or duration. The average maturity of fixed income securities and related instruments in the Funds portfolio will fluctuate depending on the sub-advisors outlook on changing market, economic, and political conditions. Additionally, the average duration of the Fund will be a combination not only of the duration of the debt securities in the Fund but also the presence of fixed income derivatives, as discussed below.

The Fund may utilize fixed income derivatives to lower or extend the Funds duration substantially. The Fund may invest in fixed income securities of any credit quality, including below investment grade or high yield securities (sometimes referred to as junk bonds), and may buy bonds that are in default. It is anticipated that the Fund will frequently hold a substantial position in high yield securities. The Fund may obtain a significant portion of its investment exposure through the use of derivatives, such as futures, forwards, options, swaps (including, among others, interest rate and credit default swaps) and credit derivatives. The Fund intends to use derivatives to earn income and enhance returns, to manage or adjust the risk and duration exposure profile of the Fund, to replace more traditional direct investments, or to obtain exposure to certain markets.

The use of these derivative transactions may allow the Fund to obtain net long or net negative (short) exposures to selected interest rates, countries, durations or credit risks. The sub-advisors consider various factors, such as availability and cost, in deciding whether, when and to what extent to enter into derivative transactions. At times, the unconstrained investment approach may lead the Fund to have sizable allocations to particular markets, sectors and industries, and to have a sizable exposure to certain economic factors, such as credit risk, currency risk or interest rate risk. The Funds portfolio is constructed by one or more sub-advisors. Each sub-advisor uses its own proprietary research and securities selection process to manage its allocated portion of the Funds assets. From time to time the Fund may have little or no assets allocated to a particular sub-advisor as determined by the Advisor in its sole discretion.

The sub-advisors allocate the Funds assets based upon their assessments of changing market, political and economic conditions. Each sub-advisor will consider various factors, including evaluation of interest and currency exchange rate changes and credit risks. The sub-advisors have substantial latitude to invest across broad fixed income, derivative and currency markets. The unconstrained investment approach may lead the sub-advisors to have sizable allocations to particular markets, sectors and industries, and sizable exposures to those various factors. The Funds currency exposure will be actively managed and the sub-advisors will attempt to generate total returns and manage risk by identifying relative valuation discrepancies among global currencies as well as implementing hedging strategies to limit unwanted currency risks.

These decisions are integrated within the macroeconomic framework analysis of global market and economic conditions.

GIOFX Performance

Total returns for GIOFX (as of 2026-10-01), from SEC filings.

Period	Total return
1 year	-10.1%

GIOFX Risk Information

Risk metrics for GIOFX, derived from monthly returns in SEC filings.

1-year volatility (annualised): 9.3%

GIOFX Costs and Fees

GIOFX costs about $96 per $10,000 invested per year in fund expenses.

Net expense ratio: 0.96%
Gross expense ratio: 1.32%
Portfolio turnover: 71%
Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

GIOFX Cashflows

Over the 12 months to 2020-12, GuideMark Opportunistic Fixed Income Fund had net inflows of $49.52M, from monthly SEC N-PORT filings.

Month	Net flow
2020-12	$5.16M
2020-11	$1.86M
2020-10	$1.94M
2020-09	$2.15M
2020-08	$1.99M
2020-07	$3.45M

GIOFX Debt Constituents

No individual debt constituents are reported in GuideMark Opportunistic Fixed Income Fund's latest SEC N-PORT filing.

GIOFX Prospectus and SEC Filings

Official GuideMark Opportunistic Fixed Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.