GPKAX Fees and Costs — Grant Park Dynamic Allocation Fund, Class A
Data updated: 2026-08-27
The net expense ratio is 1.93% (2.92% before fee waivers). This share class carries a maximum front-end sales load of 5.75%, a deferred sales charge of up to 1.00% and a redemption fee of 1.00%. In fiscal 2025 the fund paid $19K in broker commissions, 0.0757% of average net assets, and portfolio turnover was 134%.
GPKAX Fees and Expenses
Annual operating expenses and sales charges of GPKAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.23% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.34% |
| Gross expense ratio | 2.92% |
| Fee waiver | −0.99% |
| Net expense ratio | 1.93% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GPKAX Costs Over Time
On $10,000 invested in GPKAX, assuming 5% a year before costs, total costs come to $1,893 over 5 years, cutting the return by 3.32% 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 |
| Sales charges | $672 | $575 | $575 |
| Fund expenses (net expense ratio 1.93%) | $191 | $590 | $1,012 |
| Trading costs (broker commissions) | $7 | $23 | $40 |
| Lost growth on money paid in costs | $29 | $121 | $266 |
| Total costs | $899 | $1,309 | $1,893 |
| Value after costs | $9,601 | $10,267 | $10,870 |
| Impact on return, per year | 8.99% | 4.12% | 3.32% |
GPKAX 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): 0.0757%
- Total broker commissions: $19K
- Bought from dealers (principal trades, not a cost): $43K
- Portfolio turnover (prospectus): 134%
- Securities lending: none during the year
GPKAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Colliers Securities LLC | $17K | 87.32% |
| Interactive Brokers LLC | $2K | 12.68% |
GPKAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $43K | 100.00% |
Grant Park Dynamic Allocation Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GPKIX | Class I | 1.68% | none |
| GPKAX | Class A | 1.93% | 5.75% |
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.