GMTEX — GuideMark Tax-Exempt Fixed Income Fund
Data updated: 2021-02-22
GMTEX — GuideMark Tax-Exempt Fixed Income Fund. Municipal - National Bond · $24.24M AUM · 1.29% expense ratio. Holdings, fees, performance and SEC filings.
GMTEX Fund Overview
GMTEX — GuideMark Tax-Exempt Fixed Income Fund is a US mutual fund managed by GPS Funds I, categorised as Municipal - National 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 I
- Category: Municipal - National Bond
- Assets under management: $24.24M
- 1-year return: 4.4%
- Ticker: GMTEX
- SEC CIK: 0001131042
- SEC series ID: S000006188
- Share class ID: C000017036
GMTEX Investment Objective and Strategy
GuideMark Tax-Exempt Fixed Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by GPS Funds I.
Investment objective
GuideMark Tax-Exempt Fixed Income Fund (the Fund) seeks to provide current income exempt from federal income tax.
Principal investment strategy
Under normal circumstances, the Fund invests at least 80% of its assets in municipal fixed income securities, the interest on which is generally exempt from federal income tax and not subject to the alternative minimum tax (AMT). The Fund primarily invests its assets in municipal securities that are investment grade (i.e., rated within one of the four highest rating categories by a Nationally Recognized Statistical Rating Organization (NRSRO) or determined to be of comparable quality by the Funds sub-advisor if the security is unrated). The Fund may, to a lesser extent, invest in lower-rated municipal securities. Municipal securities are debt obligations issued by or on behalf of the cities, districts, states, territories and other possessions of the United States that pay income exempt from regular federal income tax.
The Fund has the ability to invest in all maturities, but will generally invest in intermediate- to long-term municipal securities. Intermediate-term municipal securities are those securities that generally mature within three to ten years. Long-term municipal securities generally mature some time after ten years. The average dollar-weighted portfolio maturity of the portfolio is expected to be maintained between three and fifteen years. Some of the securities in the Funds portfolio may carry credit enhancements, such as insurance, guarantees or letters of credit. The Fund allows the sub-advisor to invest in the broad municipal securities market while seeking to maintain the Funds duration within a relatively close range to the duration of the Funds benchmark index. Duration is a measure of the sensitivity of the price of a debt security (or a portfolio of debt securities) to changes in interest rates.
The prices of debt securities with shorter durations generally will be less affected by changes in interest rates than the prices of debt securities with longer durations. The sub-advisor utilizes an investment process that emphasizes the yield component of total return. The Funds income level will vary depending on current interest rates and the specific securities in the portfolio. The Funds securities are selected based on bottom-up approach driven by proprietary fundamental research.
GMTEX Performance
Total returns for GMTEX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.4% |
GMTEX Risk Information
Risk metrics for GMTEX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
GMTEX Costs and Fees
GMTEX costs about $129 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.29%
- Gross expense ratio: 1.53%
- Portfolio turnover: 36%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
GMTEX Cashflows
Over the 12 months to 2020-12, GuideMark Tax-Exempt Fixed Income Fund had net inflows of $13.67M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2020-12 | $2.74M |
| 2020-11 | $312.86K |
| 2020-10 | $733.92K |
| 2020-09 | $788.40K |
| 2020-08 | $511.89K |
| 2020-07 | $505.77K |
GMTEX Debt Constituents
No individual debt constituents are reported in GuideMark Tax-Exempt Fixed Income Fund's latest SEC N-PORT filing.
GMTEX Prospectus and SEC Filings
Official GuideMark Tax-Exempt Fixed Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-08-18
- Prospectus (485BPOS) — filed 2019-08-20
- Prospectus (485BPOS) — filed 2018-08-14
- Portfolio holdings (N-PORT) — filed 2021-02-22
- Portfolio holdings (N-PORT) — filed 2020-11-27
- Portfolio holdings (N-PORT) — filed 2020-08-27
- Annual census (N-CEN) — filed 2020-06-15
- Annual census (N-CEN) — filed 2019-06-14
Related Funds
Other Municipal - National 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.