GPAIX Fees and Costs — Grant Park Multi Alternative Strategies Fund, Class I
Data updated: 2026-08-27
The net expense ratio is 1.58%. This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $66K in broker commissions, 0.0197% of average net assets, and portfolio turnover was 24%.
GPAIX Fees and Expenses
Annual operating expenses and sales charges of GPAIX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.33% |
| Gross expense ratio | 1.58% |
| Fee waiver | — |
| Net expense ratio | 1.58% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GPAIX Costs Over Time
On $10,000 invested in GPAIX, assuming 5% a year before costs, total costs come to $989 over 5 years, cutting the return by 1.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.58%) | $166 | $514 | $886 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $26 | $91 |
| Total costs | $168 | $547 | $989 |
| Value after costs | $10,332 | $11,030 | $11,774 |
| Impact on return, per year | 1.68% | 1.68% | 1.68% |
GPAIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0197%
- Total broker commissions: $66K
- Bought from dealers (principal trades, not a cost): $69.7M
- Portfolio turnover (prospectus): 24%
- Securities lending: none during the year
GPAIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Colliers Securities LLC | $63K | 96.21% |
| Marex North America Securities LLC | $2K | 3.79% |
GPAIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Colliers Securities LLC | $64.8M | 92.92% |
| Hilltop Securities | $4.9M | 7.08% |
Grant Park Multi Alternative Strategies Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GPAIX | Class I | 1.58% | none |
| GPAAX | Class A | 1.83% | 5.75% |
| GPANX | Class N | 1.83% | none |
| GPACX | Class C | 2.58% | none |
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.