GMFDX — GuidePath Managed Futures Strategy Fund
Data updated: 2026-08-26
GMFDX — GuidePath Managed Futures Strategy Fund. Commodity · $55.31M AUM · 2.29% expense ratio. Holdings, fees, performance and SEC filings.
GMFDX Fund Overview
GMFDX — GuidePath Managed Futures Strategy Fund is a US mutual fund managed by GPS Funds II, categorised as Commodity. 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: Commodity
- Assets under management: $55.31M
- Ticker: GMFDX
- SEC CIK: 0001504079
- SEC series ID: S000052240
- Share class ID: C000270774
GMFDX Investment Objective and Strategy
GuidePath Managed Futures Strategy Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by GPS Funds II.
Investment objective
GuidePath Managed Futures Strategy Fund (the Fund) seeks to generate a positive absolute return over time.
Principal investment strategy
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, currency and commodity instruments across time periods of various lengths. The sub-advisor believes that asset prices may show persistent trading behavior due to a number of behavioral biases among market participants as well as certain risk-management policies that will identify assets to purchase in upward-trending markets and identify assets to sell in downward-trending markets. Although the Fund seeks exposure across a variety of asset classes, it may emphasize one or two of the asset classes or a limited number of exposures within an asset class.
There are no geographic limits on the asset class exposures and there is great flexibility in looking for investments around the globe, including in emerging markets. The Fund may have both short and long exposures within an asset class based upon potential opportunities. A short exposure will benefit when the underlying asset class decreases in price. A long exposure will benefit when the underlying asset class increases in price. The Fund expects to pursue its investment strategies by making extensive use of a variety of derivative instruments, including futures contracts, forward currency contracts and swaps. A futures contract is a standard binding agreement to buy or sell a specified quantity of an underlying reference asset, such as a specific security, currency or commodity, at a specified price at a specified later date.
A forward currency contract involves an obligation to purchase or sell a specific non-U.S. currency in exchange for another currency, which may be U.S. dollars, at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. Generally, swap agreements are contracts between the Fund and another party (the swap counterparty) involving the exchange of payments on specified terms over periods ranging from a few days to multiple years. The Fund may also invest in exchange-traded funds (ETFs) or exchange-traded notes (ETNs) through which the Fund can participate in the performance of one or more asset classes. In connection with the Funds managed futures strategy, the Funds portfolio may be concentrated in the financial services industry, which means the Fund may invest more than 25% of its total assets in securities and other obligations (for example, bank certificates of deposit, repurchase agreements and time deposits) of issuers in such industry.
A significant portion of the assets of the Fund may be invested directly or indirectly in money market instruments, which may include, but are not limited to, U.S. Government securities, U.S. government agency securities, short-term fixed income securities, overnight and/or fixed term repurchase agreements, money market mutual fund shares, and cash and cash equivalents with one year or less term to maturity. These cash or cash equivalent holdings serve as collateral for certain of the Funds derivatives positions. As a result of the Funds use of derivatives, the Fund may have highly leveraged exposure to one or more asset classes at times. The Investment Company Act of 1940, as amended (the 1940 Act) and the rules and interpretations thereunder impose certain limitations on the Funds ability to use leverage; however, the Fund is not subject to any additional limitations on its net long and short exposures.
For example, the Fund, on average, could hold instruments that provide three to four times the net return (positive or negative) of an unleveraged investment in the equities, bonds, interest rates, commodities, or currencies underlying such instruments. When taking into account derivative instruments and instruments with a maturity of one year or less at the time of acquisition, the Funds strategy will result in frequent portfolio trading and high portfolio turnover (typically greater than 300% per year). The Advisor expects the Funds net asset value over short term periods to be volatile because of the significant use of instruments that have a leveraging effect. Volatility is a statistical measurement of the dispersion of returns of a security or fund or index, as measured by the annualized standard deviation of its returns.
Higher volatility generally indicates higher risk. Although the Fund does not intend to invest in physical commodities directly, the Fund expects to obtain investment exposure to commodities and commodity related derivatives by investing in a wholly-owned subsidiary organized under the laws of the Cayman Islands that will make commodity-related investments (the Subsidiary). Through the Subsidiary, the Fund may invest in commodity-linked or commodity index-linked investments such as commodity futures contracts and commodity swap agreements.
GMFDX Holdings
Top 10 holdings of GuidePath Managed Futures Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Treasury Bill | 27.04% |
| Treasury Bill | 8.12% |
| JPMorgan US Government Money M | 6.21% |
| Treasury Bill | 4.52% |
| Mufg Bk Ltd. N Y Brh Cd 3.85% 26 | 3.62% |
| Credit Agricole Corp. & Invt Bk Cd 3.6% 26 | 3.62% |
| Dg Bk N Y Brh Cd 3.8% 26 | 3.62% |
| Mizuho Bk Ltd. New York Brh Cd 3.78% 26 | 3.62% |
| Treasury Bill | 3.62% |
| Dnb Nor Bk Asa New York Brh Cd 3.83% 26 | 3.62% |
GMFDX Portfolio Allocation
Asset-class allocation of GuidePath Managed Futures Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 46.9% |
| Cash & Equivalents | 40.5% |
GMFDX Performance
Total returns for GMFDX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 9.2% |
| 1 year | 18.4% |
| 3 years (annualised) | -3.7% |
| 5 years (annualised) | 2.4% |
GMFDX Risk Information
Risk metrics for GMFDX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.9%
GMFDX Costs and Fees
GMFDX costs about $229 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.29%
- Gross expense ratio: 2.29%
- Portfolio turnover: 0%
- Brokerage commissions: 11.44 bps of average net assets (SEC N-CEN)
GMFDX Cashflows
Over the 12 months to 2026-06, GuidePath Managed Futures Strategy Fund had net outflows of $223.69M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.13M |
| 2026-05 | −$1.23M |
| 2026-04 | −$387.36K |
| 2026-03 | −$674.19K |
| 2026-02 | −$479.23K |
| 2026-01 | −$444.62K |
GMFDX Debt Constituents
Largest debt holdings of GuidePath Managed Futures Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Treasury Bill | 27.04% |
| Treasury Bill | 8.12% |
| Treasury Bill | 4.52% |
| Treasury Bill | 3.62% |
| Treasury Bill | 3.61% |
GMFDX Prospectus and SEC Filings
Official GuidePath Managed Futures Strategy Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-26
- Prospectus (485BPOS) — filed 2025-07-29
- Prospectus (485BPOS) — filed 2025-07-29
- Portfolio holdings (N-PORT) — filed 2026-08-26
- Portfolio holdings (N-PORT) — filed 2026-05-29
- Portfolio holdings (N-PORT) — filed 2026-02-27
- Annual census (N-CEN) — filed 2026-06-15
- Annual census (N-CEN) — filed 2025-06-13
Related Funds
Other Commodity 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.