GPAAX — Grant Park Multi Alternative Strategies Fund
Data updated: 2026-05-29
GPAAX — Grant Park Multi Alternative Strategies Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Alternative · $318.61M AUM · 1.83% expense ratio · 13.4% 1-yr return. From SEC regulatory filings.
GPAAX Fund Overview
GPAAX — Grant Park Multi Alternative Strategies Fund is a US mutual fund managed by Northern Lights Fund Trust, categorised as Alternative. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Northern Lights Fund Trust
- Category: Alternative
- Assets under management: $318.61M
- 1-year return: 13.4%
- Ticker: GPAAX
- SEC CIK: 0001314414
- SEC series ID: S000043473
- Share class ID: C000134834
GPAAX Holdings
Top 10 holdings of Grant Park Multi Alternative Strategies Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Morgan Stanley Institutional Liquidity Funds | 38.18% |
| Federal Home Loan Banks | 4.51% |
| Federal Home Loan Banks | 4.37% |
| Federal National Mortgage Association | 4.05% |
| Federal Home Loan Banks | 3.13% |
| Federal Home Loan Mortgage Corp. | 3.10% |
| Federal Home Loan Banks | 3.08% |
| Federal Home Loan Banks | 3.06% |
| Federal Home Loan Banks | 3.06% |
| Federal Home Loan Banks | 3.04% |
GPAAX Portfolio Allocation
Asset-class allocation of Grant Park Multi Alternative Strategies Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 43.5% |
| Cash & Equivalents | 38.2% |
| Equity | 13.5% |
| Derivatives | 0.9% |
| Securitized | 0.5% |
GPAAX Performance
Total returns for GPAAX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.5% |
| 1 year | 13.4% |
| 3 years (annualised) | 6.7% |
| 5 years (annualised) | 4.1% |
GPAAX Risk Information
Risk metrics for GPAAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 8.7%
GPAAX Costs and Fees
GPAAX costs about $183 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.83%
- Gross expense ratio: 1.83%
- Portfolio turnover: 24%
- Brokerage commissions: 1.97 bps of average net assets (SEC N-CEN)
GPAAX Cashflows
Over the 12 months to 2026-03, Grant Park Multi Alternative Strategies Fund had net outflows of $35.25M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-03 | $4.64M |
| 2026-02 | $2.63M |
| 2026-01 | −$1.28M |
| 2025-12 | $4.08M |
| 2025-11 | −$2.53M |
| 2025-10 | −$1.29M |
GPAAX Debt Constituents
Largest debt holdings of Grant Park Multi Alternative Strategies Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Federal Home Loan Banks | 4.51% |
| Federal Home Loan Banks | 4.37% |
| Federal National Mortgage Association | 4.05% |
| Federal Home Loan Banks | 3.13% |
| Federal Home Loan Mortgage Corp. | 3.10% |
| Federal Home Loan Banks | 3.08% |
| Federal Home Loan Banks | 3.06% |
| Federal Home Loan Banks | 3.06% |
| Federal Home Loan Banks | 3.04% |
| Federal Home Loan Banks | 3.03% |
GPAAX Prospectus and SEC Filings
Official Grant Park Multi Alternative Strategies Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Alternative 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.