GPMFX Fees and Costs — GuidePath Managed Futures Strategy Fund, Service Shares
Data updated: 2026-08-26
The net expense ratio is 1.53%: a 1.05% management fee plus 0.47% other expenses. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $199K in broker commissions, 0.1144% of average net assets, and portfolio turnover was 0%.
GPMFX Fees and Expenses
Annual operating expenses and sales charges of GPMFX. Prospectus, as of July 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.47% |
| Gross expense ratio | 1.53% |
| Fee waiver | — |
| Net expense ratio | 1.53% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
GPMFX Costs Over Time
On $10,000 invested in GPMFX, assuming 5% a year before costs, total costs come to $1,015 over 5 years, cutting the return by 1.73% 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 1.53%) | $161 | $498 | $858 |
| Trading costs (broker commissions) | $12 | $37 | $64 |
| Lost growth on money paid in costs | $0 | $27 | $94 |
| Total costs | $173 | $562 | $1,015 |
| Value after costs | $10,327 | $11,015 | $11,747 |
| Impact on return, per year | 1.73% | 1.73% | 1.73% |
GPMFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1144%
- Total broker commissions: $199K
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 0%
- Securities on loan, average value: $242K
- Net income from securities lending: $581 (0.000% of average net assets)
GPMFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co., LLC. | $199K | 100.00% |
GPMFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA Securities Inc. | $2.4B | 68.70% |
| Oppenheimer & Co. Inc. | $997.8M | 28.52% |
| Garban Corporates Inc. | $67.5M | 1.93% |
| RBC Capital Markets, LLC. | $20.0M | 0.57% |
| CIBC World Markets Corp. | $10.0M | 0.29% |
GuidePath Managed Futures Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| GIFMX | Institutional Shares | 1.21% | — |
| GPMFX | Service Shares | 1.53% | — |
| GMFDX | C000270774 | 2.29% | — |
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.